Business 101 Archives • Page 2 of 25 • Financially Simple

In this section, you can learn the basics of business.

June 1, 2021

Fight the Shark: How to Battle Through Business Disruption

Recently, my family and I took a vacation. We typically plan a trip for this time of year because it’s a great time to get away, exhale, and recover from the stresses of tax season. During this year’s trip, we got a little more than we had bargained for when we took a deep-sea charter. With today’s entry, I want to share this incredible experience and apply the lessons that were learned to battling through business disruption. Get ready because, sometimes, it’s necessary to fight the shark!

May 24, 2021

Navigating The Business Cycle

One of my absolute favorite parts of living in beautiful East Tennessee is the fact that we have four seasons. In the winter, it’s cold and we get some snow. The summers are hot, making it ideal for spending days out on the lake. We get extraordinary views of God’s handiwork each fall, as the leaves change colors. And spring? Spring is awful because we get covered in pollen. However, I can’t help but think of the business cycle when thinking of our four distinct seasons. Whether you’re launching your business or guiding it through a recovery phase, understanding each stage of the business cycle can help you avoid disastrous mistakes. So join me as I explore the business cycle in today’s entry.

March 25, 2021

My Company’s Journey to Discover Our KPIs

One of my favorite films, when I was growing up, was The Wizard of Oz. Of course, most of you are familiar with Dorothy and Toto following the yellow brick road to meet with the mighty wizard so that she could return home. But for all of the hype that surrounded this great sorcerer, it turns out that he was simply a clever man behind a curtain. With that in mind, I want to give you all a peek at what takes place behind the curtain in our business, how the sausage is made, so to speak. Over the next few weeks, we’re going to really look at what makes our businesses work. Today, I want to share our team’s journey to discover KPIs.

March 15, 2021

How to Keep Effective Meeting Minutes

As business owners, we often have meetings with our team, board members, investors, etc. In many cases, you’re required to keep a record of your meeting minutes. However, the idea of keeping minutes of meeting records can be a little confusing to some. That’s why today’s entry is all about how to keep effective meeting minutes.

February 23, 2021

7 Reasons Why Small Businesses Fail

I’ve often said that being an entrepreneur is one of the most rewarding jobs a person could ever have. However, any gains made as an entrepreneur come through hard work, sacrifice, and the ability to fail and get right back up again. Most business owners are okay with the early mornings and late nights. They even accept the fact that they’re going to miss out on a few of life’s moments and pleasures while they grow their business. But nobody wants to fail. In today’s post, I will discuss that uncomfortable subject as I give 7 reasons why small businesses fail.

January 1, 2021

Measuring Value Improvement of A Business: What to Know

Over the years, I’ve spoken ad nauseam about value growth. However, I recently spoke with a business owner who asked me how to measure that improvement. In response, I thought this would be a great topic for today’s blog. Measuring value growth is a very methodical process and, therefore, deserves to have some content dedicated to it.