Here at Mackey Advisors we have a “4 ways to grow your business” tool. In a recent client coaching session, while using this tool, we arrived at 52 different strategies to grow the business. After considering the complexity and time to market, we determined there are 3 strategies that could be implemented immediately. Just those 3 are on [...]
Here at Mackey Advisors we have a “4 ways to grow your business” tool. In a recent client coaching session, while using this tool, we arrived at 52 different strategies to grow the business. After considering the complexity and time to market, we determined there are 3 strategies that could be implemented immediately. Just those 3 [...]
One of the questions we often hear from our business clients is, what did my revenue do this month? While this is a standard question, it is not always the best question to ask and not how we typically analyze the results of the business. There are many factors that can impact revenue on a month [...]
Most business owners are lousy at finance. The brutal fact is finance isn’t your first love. You just want it to work and not scare the heck out of you. The good news is, you are in good company. Finance brings up a range of emotions, from fear to frustration and everything in between. Because money-centric [...]
Most business owners are lousy at finance. The brutal fact is finance isn’t your first love. You just want it to work and not scare the heck out of you. The good news is, you are in good company. Finance brings up a range of emotions, from fear to frustration and everything in between. Because money-centric [...]
Distractions are everywhere. Plain and simple. Everyone has them. Whether it be issues in our personal lives, constantly reading through the barrage of emails, hiring and on-boarding that new hire or finding the perfect office space. We like to think that these distractions are minimal, but often, they are much more than we ever anticipated. Distractions [...]
For some businesses, inventory can be one of their largest assets and/or their largest expense. Poor inventory management can make or break a bottom line. Below are some benefits of proper inventory management: Improves cash flow: Purchasing inventory decreases cash. When inventory sits on the shelf too long it is basically cash not working for you. [...]
“When you argue with reality, you lose, but only 100% of the time.” – Byron Katie Optimism and financial data are both double edge swords. Too much of either is a slippery slope. Excessive focus on optimistic predictions can lead to poor decisions and, as a result, financial challenge. Excessive analysis of financial data can lead [...]
Congratulations, you have done it!!! Your business is taking off, and the demands on your time have taken you to the point where you no longer have the capacity to manage all aspects of your business, specifically adding top line revenue growth at a meaningful rate. To take your organization to the next level, you know [...]
Optimism is essential for an entrepreneur. Your ability to see possibility propels you into business. In tough times, it is what keeps you in the game. As an optimist your attention is on tomorrow, on the next opportunity, on the next win. When reality conflicts with your optimist view of the world, you choose your view. [...]