Starting a Business Archives • Page 2 of 6 • Financially Simple

June 24, 2021

Four Steps to Creating a Small Business Budget

I received a listener question, recently, that made me take pause. I was thinking back on the show’s history, and I don’t believe I’ve ever addressed this topic before now. The question was, “Justin, how do we create a small business budget?” Although budgeting is a relatively simple concept, knowing how to create a well-functioning small business budget can be a little confusing if you don’t have experience doing so. I’m using today’s entry to show you four quick and easy steps to create a budget for your business.

June 8, 2021

How To Succeed Despite the Noise

In my last entry, I detailed the story of fighting a bull shark during my family’s recent vacation. That story made me remember another fishing trip I took with my dad. As we set out for our spot, deep in the Atlantic Ocean, I remember hearing a lot of captains’ chatter on the radio. Because the water was choppy, they said we wouldn’t catch any fish. Our captain calmly reassured us that anytime you leave the shore, there’s lots of noise. The same is true in your businesses. When you set out to do something new, there’s always going to be a chorus of naysayers. Join me as I look at how to succeed despite the noise.

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 8, 2021

Operations Manual – the Requirements and Easy Tips for Updating

This entry is kicking off a short “How To” series here at Financially Simple. Each installment in the series will focus on a different subject and how to execute it. So, today’s entry is all about how to make an operations manual. More specifically, I’m going to look at how you can use technology to optimize your operations manual.

November 9, 2020

10 Benefits of An Organizational Chart for Small Businesses

When I first started off, as a young entrepreneur, I didn’t really see the value in having organizational charts. I thought that they were a waste of time for small business owners. Since then, I have read thousands of books on business and just about every one of them speaks about the importance of organizational charts. So, with today’s post, I’m going to discuss the 10 benefits of an organizational chart.

October 13, 2020

October 13, 2020

Building Your Support Team: The Starting Lineup

There’s something about sports that binds us. People from completely opposite backgrounds can be united by their love of a team. There’s power in a group of people coming together with a common goal. A team can accomplish what the individual never could. That’s as true in business as it is in the world of sports. Building the right support team can give you a serious advantage in your business. Join me as I draw up the perfect starting lineup for every business owner’s support team!