Transparency
By Sherry Lutz Herrington When a topic surfaces repeatedly in my life, I always feel like it’s trying to tell me something. It’s time to examine it further and share the concept with all of you. Lately, it’s been about transparency in companies. What is transparency and why is it important? Let’s unpack that a bit.…
Read MoreImpacting the Bottom Line – Part II of II
By Sherry Lutz Herrington Now that we’ve examined how to find the “true bottom line,” let’s take a look at ways to improve it. “Impacting the Bottom Line There are two basic pieces to the Profit and Loss. These pieces are income and expenses (including cost of goods sold). Changes in either of these variables…
Read MoreThe True Bottom Line – Part I of II
By Sherry Lutz Herrington When you own your own business, you tend to be obsessed with the bottom line. You actually need to be in order to know what’s happening and to drive the success of the business. Unfortunately, most business owners don’t understand what the “true bottom line” means or how to figure it…
Read MoreThe Final Stretch
By Sherry Lutz Herrington I can’t believe it’s October already. This year has gone twice as fast as 2020 did. Although I am grateful that life has improved in a myriad of ways, I know we are not really out of the pandemic yet. We may not have achieved a stable new normal yet. Many…
Read MoreOutsourcing and Delegating
Running a small business means wearing a lot of hats.
Do you remember the UPS Store commercial that says “if you’re CEO, you’re Chief Everything Officer”? I met a small business owner last week who has that title on her business card.
It’s so true and yet it’s a bit of a trap.
Read MoreDefining Purpose: Your Vision and Mission
By Sherry Lutz Herrington As a business owner, it’s important to know where you’re going and how you’re going to get there. But it’s also important to know your why. Why are you in business? Defining the purpose of your business is paramount to setting the right course and staying true to your direction. This…
Read MoreCelebrating Milestones
By Sherry Lutz Herrington When you’re running a business, it’s good to not only set goals, but to celebrate milestones. Stopping to look at where you’ve come from is a good reminder of all that you’ve accomplished. It’s easy to stay so focused on where you’re going and the day-to-day operations that you forget to…
Read MoreHow to Build Company Culture with a Remote Team
By Sherry Lutz Herrington I love studying company culture. I believe it is paramount to the success of any company to build their company culture with intention. Although we were a remote team before the pandemic, we were still able to get together in person occasionally. We actually had our last team event the week…
Read MoreOvercoming Money Blocks
By Sherry Lutz Herrington Time and again I watch as my clients struggle with their money blocks, and I struggle with how to help them. I believe we all have them from time to time. The hard part is recognizing why we are having financial difficulties and figuring out how to overcome them. Since my…
Read MoreBuilding a Business
By Sherry Lutz Herrington Building a business is a bit like building a house. If you don’t start with a solid foundation, you’ll be building your business on shaky ground. The foundation of any successful business is solid accounting and financial responsibility. If you do not know how much you are making or spending, then…
Read MoreMasculine vs. Feminine Leadership Style
By Sherry Lutz Herrington At the risk of being called sexist, I’d like to postulate that typically men and women have different leadership styles. To avoid being too black and white I’ll call them masculine and feminine, as you could have traits from both sides and be either male or female. The masculine leadership style…
Read MoreWhat Size is Your Accounting?
By Sherry Lutz Herrington If you have a small business, then your accounting is small, right? And if you have a large business, then your accounting is large, right? Although that would be an easy assumption to make and most people do, it’s not necessarily true. Every business has different accounting needs. It’s a custom…
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