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Archives for August 2019

The One True Business Formula for Success

August 23, 2019 by Joseph Belbol

There are dozens of formulas and ratios that a business can use to determine success and profitability. However, there really is one that is most important and should be used repeatedly . . . Sales – Expenses = Profit Keep on repeating this formula over and over again and you will do just fine.   […]

Filed Under: Budgeting, Business, Debt, Expenses, Financial, Marketing Tagged With: business, Expenses, profit, Sales

What Keeps Business Owners Up at Night?

August 16, 2019 by Joseph Belbol

Aside from worrying about everything, there are really just a few timeless concerns of most business owners. If you don’t have at least one of these concerns then that is probably a concern. Here they are with a few solutions: Employees: No matter how well you run your business, it will always be a challenge […]

Filed Under: Budgeting, Business, Debt, Economy, Expenses, Financial, Healthcare, IRS Resolution, Marketing, New Jersey Tax, Taxes, Time Management Tagged With: business, Economy, employees, Expenses, Taxes

Follow Your Emotions and Go Broke

August 10, 2019 by Joseph Belbol

According to dictionary.com, one definition of emotion is “an affective state of consciousness in which joy, sorrow, fear, hate, or the like, is experienced, as distinguished from cognitive and volitional states of consciousness.” Emotions can be complex and if you make business and financial decisions based solely on how you feel at the moment without […]

Filed Under: Budgeting, Business, Career, Economy, Expenses, Financial, Investments, Marketing, Taxes Tagged With: business, emotion, investment, Marketing

What is a Growing Business Doing Differently than a Struggling One?

August 9, 2019 by Joseph Belbol

There are major differences between the actions of a business owner with a growing business versus that of a struggling business. There seems to be a recurring theme for growing and struggling that closely mimics those who are fit and healthy versus those who struggle with their weight.  The accumulation of certain actions will greatly […]

Filed Under: Budgeting, Business, Debt, Economy, Expenses, Financial, Technology, Time Management Tagged With: business

5 Traps to Avoid When Growing Your Business Rapidly

August 2, 2019 by Joseph Belbol

Growing your business, especially growing rapidly, can be a really great accomplishment, but there are dangers when growing too quickly. Here are several traps to avoid to ensure successful growth: Cash flow: Quite often, a small business will have cash flow issues when growing too rapidly. This is due to a delay of getting paid, […]

Filed Under: Budgeting, Business, Debt, Expenses, Financial, Marketing, Taxes, Technology, Time Management Tagged With: cash flow, employees, Finances, growth, Marketing

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