Financial Frequencies - Zoom In / Zoom Out

There are probably 30-40 skills required to be a finance/accounting pro, but to manage a successful business you really only need to master maybe 10 or so... today we'll cover one of those 10 skills...

I call this zooming in and out on your business. It w...

What makes a great business?

When I worked in the investment industry studying and investing in public companies, I was often searching for "great businesses" and over my career developed a short list of characteristics that (I think) make a company great.

Why should this matter to you?

1. For sta...

13-Week Cash Flow Forecast

Let's take a look at one of the most useful tools in all of small business (actually, businesses of any size should be using this).

Imagine a financial roadmap for the next three months. That's what a 13-week cash flow forecast is. It's a simple tool to predict your busi...

Chartstravaganza - charts for small businesses

Stepping back from our usual "small business strategies" to look at some macro trends and charts.

Below are 3 groups of charts plus what they mean for small business... Enjoy!

Consumer Health

Retail sales, personal income levels, and personal saving...

10 things you should do every day

How are you spending your day as an owner, operator, or advisor to businesses?

Here's a quick and easy daily task checklist I use to manage my portfolio of companies:

1. Review your key metrics
2. Check your cash balances (from your daily cash report)
3. Prioritize ta...

Connect, Collaborate, & Conquer: Expand Your Network, Grow Your Profits

Over the weekend, I went to a trade show and met a number of very interesting people working on very interesting projects.

One conversation went down the rabbit hole of the benefits (tangible and intangible) of networking. We ...

How to fine tune your financial processes

There's a hierarchy to a well-oiled financial system:

1. Start with the foundation -- good accounting, clean books, and smooth handling of the regular transactions (bills, invoices, payroll, etc.).
   
2. From there move up to reporting -- financial reports, mana...

To all Profit Mastery Sponsors and Alumnae,
​

I’m contacting you to let you know of a step forward at Profit Mastery. For the last 30+ years, you have known me as the “face and voice” of Profit Mastery.
​

Effective January 1 of this year, I have stepped away from the day-to-day operations of Profit ...

Building a Berkshire Hathaway...

I've briefly touched on my background but haven't yet shared the full story: my name is Colin and I'm an entrepreneur building a collection of businesses inspired by Berkshire Hathaway.

We're actively applying the Profit Mastery tools in our companies and this expe...

Simple approach to achieving profitability...

We posted this on LinkedIn not long ago and it absolutely oversimplifies things but at its core, producing good income really does happen this way:

1) Get good bookkeeping - hire help!
2) Review financials regularly - and know what they're telling you
3)...

Meet Colin: Seasoned Entrepreneur Joins Profit Mastery Team

Profit Mastery is excited to announce that Colin King, CPA, CFA has joined as President of Profit Mastery beginning October 2023. He will play a pivotal role in management, growth, and content development.

A message from Colin:

Thanks fo...

My goal at Profit Mastery is to save small businesses through consistent profit improvement. Along with our stellar profitability course, we'll be regularly sharing tips, tricks, and strategies from our learnings. Thanks for reading.

The ultimate business advice...

A week ago, I attended a confere...