If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!Helping You Build Your Profits through Strong Relationships At Aberle Enterprises, we are interested in helping you build your profits through strong relationships. We’re going to add a new category this year, Live Your Higher Vision, because there is more to life than just making money. Profit’s important, but having a lifestyle is more so. We want to help you build your small business’ profits so you can enjoy a lifestyle. (Read More …) (Read More ...)
Building Profits through Strong Relationships -Image by Grant Wickes via Flickr (Read More …) (Read More ...)
Managing your own business is one of the most rewarding things you can ever do. On the other hand, it can be one of the most challenging things you can ever do, in part because understanding how to make a profit is a never ending task. There’s always something more to learn. It’s even more challenging if you are trying to do everything yourself, which brings me to the question, “What are you doing that is costing your small business money?” Follow that with, “What are you not doing that is costing you money?” (Read More …) (Read More ...)
Have you ever received something at your small business that you didn’t order? Or, have you ever paid for something you didn’t receive? Part of the responsibility might be yours. What systems do you have in place to be sure that what you order is what you receive at the price you expected? (Read More …) (Read More ...)
If you’re like most people, the image you have of consultants is of someone who goes around and tells you all the places to cut costs and cut expenses. And that is one type of consultant. I did it for about three and a half years, traveling almost constantly. However, are there times when cutting costs is a mistake? (Read More …) (Read More ...)
How do you calculate your labor burden for your small business? For that matter, what is it? For the sake of knowing how to make a profit, you need to also understand what hidden costs add to your labor burden or you can find yourself in a hole, not having charged enough. (Read More …) (Read More ...)
What is the value of your average customer sale? How many times does your average customer purchase each year? How many years or months do you retain your average customer? Too many people see only the sale that is directly in front of them, not thinking about how much more a long term relationship adds up to. Such a short sighted focus can prove really costly to you because you will be more concerned with the cost of correcting a problem than with the cost of losing a long term customer. (Read More …) (Read More ...)
There are so many things in business finance that you may find confusing as a small business owner or manager. However, I doubt if any of them are more confusing than double entry accounting. There’s an old accounting joke about debits and credits because there is no logic as to why debits are on the left and credits are on the right. It’s just an accounting “rule” that you learn how to apply. Don’t try to use normal consumer banking concepts with accounting debits and credits because sometimes debits actually increase the balance in an account, whereas a debit in your personal bank account... (Read More ...)
For many people this sounds like a no brainer, but profit in business is crucial to the survival of any business. Many heart centered or service oriented small business owners love providing service. Unfortunately, many of them feel awkward about asking a fair price for their labor, services or products. National Financial Literacy Month is a great time to focus on how to make a profit as part of your business finance understanding. (Read More …) (Read More ...)
Many times I hear small business owners describe how they can cut their prices steeply because they will make profit up in volume. I often point out to clients that the only thing most will make up in volume is how fast they go out of business. While you may be the exception to the rule, ask yourself, “When you compete on price, what can prevent your making it up in volume?” (Read More …) (Read More ...)
