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 More
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 More
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 More
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 More
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 More
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 More
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 More
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 More
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…Read More
By Sherry Lutz Herrington Finally, we’re heading into the end of the shutdown. It’s been a full year since all this chaos started and, hopefully, you have all survived and are ready to move beyond the restrictions and get your businesses thriving again. As we move our clocks ahead and wrap up our 2020 tax…Read More
If you own a small business, then you likely have heard about Michael E. Gerber’s iconic book The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It. I’ve talked about his concept of working IN the business vs working ON the business before. But the constant struggle to find the…Read More
By Sherry Lutz Herrington Setting yourself up for success starts with outlining where you’ve been and where you want to go. There are numerous models that can be used for strategic business planning. I’m going to suggest you pare it down to the simplest version possible. Simplifying the process has two objectives: To make it…Read More