Spring Cleaning Your Business 

By Sherry Lutz Herrington  When was the last time you deep cleaned your business?  I mean from top to bottom.  Everything from the old dusty filing cabinets full of paper that you’ve been meaning to digitize, to the back closet full of old supplies.  If you’re a service business, not a physical entity, then maybe…

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Being Prepared for Tax Season 

By Sherry Lutz Herrington  As Benjamin Franklin said, “In this world, nothing is certain except death and taxes.”   For small business owners, taxes are often the thing that drives us to keep our accounting clean.  If we ever face an audit and can’t support what we’ve done, we can be fined huge penalties.  Not to…

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Challenge Culture

In most small businesses, the decisions are made by the owner.  Where the company is going and how it’s going to get there are dictated from the top.  Owners need to be strong in their convictions and be willing to make tough decisions.  That’s what makes them successful.  That all makes sense.   Running a small…

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Keep Cash Flow Flowing

I’m sure you’ve heard the saying cash flow is king, or as I like to say, queen. But what does that really mean, and how do you keep your cash flowing? It’s a fairly simple concept but it can be difficult to get it to work. Basically, what it means is keeping enough cash in…

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Planning Ahead

Times are constantly changing, and as business owners we need to stay tuned in to what’s coming next. This year has seen predictions ranging from horrible economic instability to mild adjustments in the economy and everything in between. How do we know what to believe? The truth is no one can accurately predict the future. …

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After Action Reviews

When was the last time something went wrong in your business? I know, don’t laugh, it was probably yesterday. Things go wrong. Frequently. That’s part of running a business.  The more important question is, what did you do to prevent that problem from happening again? The tendency is to move on, forget it happened, and…

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Ugly Stepchild

I’ve found most business owners, especially new ones, treat accounting like the ugly stepchild.  It’s something that must be dealt with, but the less attention they give it the better.   Most business owners usually start with pushing aside the numbers and focusing on bringing in sales. However, that is a self-limiting attitude. The ugly stepchild…

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Growth Mindset

Growth Mindset

Is your company growing? Most are either growing or dying, so it is probably growing.  And that’s great. But if you are growing in sales and net profit, you should also be growing in how you run your business and how your business runs. Growth mindset isn’t just about money, it’s about performance.   How is…

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Incentivizing Employees

Incentivizing Employees

By Sherry Lutz Herrington It’s no secret that finding good employees right now is a challenge and keeping the ones you have is a must.  The question is, how do we do that?  In today’s labor market, following “the great resignation” as it’s been dubbed, there is high demand for job satisfaction.  You can no…

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Transparency

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.…

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