podcast to recommend three ways for keeping your business afloat: first, weeding out unnecessary expenses; second, reviewing finances at least every other day, but ideally daily; and third, prioritizing profits above all else, something he said too few businesses do.The most important part of running a small business, especially during a crisis, is protecting any areas that are vulnerable — owners should keep a particularly close eye on operating cash, Robbins said.
A simple but effective exercise to carve out unnecessary expenses, he said, is to print out your profit and loss statement, expenses, line items and credit card receipts. Highlight in green anything you absolutely have to pay, in yellow what you can do without, especially in times of crisis or if certain goals aren't met, and in red anything that shouldn't be there.
To keep track of the unnecessary expenses, Robbins suggested reviewing your business finances at least every other day — daily if you can. Re-evaluate your business strategy as soon as possible. Don't focus on what used to work before the COVID-19 pandemic if it's not turning a profit now, because consumer attitudes have changed. Cut any ideas that aren't working, no matter how painful it can be. Sometimes, "we're holding on so tight because we love what used to work so much that it starts to drag us down," he said.
Pixar Adobe could help survive
Thanks for sharing
Virus Survivors Could Suffer Severe Health Effects for Years ['
Pence Warns of Young People Testing Positive as Hot Spots Worsen ['
After 239 scientists send their letters to the World Health Organisation saying the coronavirus is dangerously airborne, WHO finally say that the coronavirus might be airborne!!!
OpenLearning is a online learning platform that works and is the only online learning platform in the world that is interactive for our👩💻❤👨💻children and young adults that will help their safety👨💻❤and future👩💻ASX STOCK:$OLL
We can't let the government send our kids and young adults back to schools to die!! This virus has been proven to be airborne and more infectious than previously thought!! They tell us to wear a mask, but what about our eyes being protected? Please support online learning
ASX STOCK: OLL Announcement | 13 July 2020 OpenLearning has signed agreements with Open Universities Australia Australia’s largest online higher education with 21 university OpenLearning has signed a platform agreement with Deakin University, leader in digital credentialing.
I think Disney should hire him, they need help now.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: Forbes - 🏆 394. / 53 Lire la suite »