Author: Profit Mastery
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10 Financial Tips for 2026 (Part 2)
10 tips to make 2026 super profitable (pt 2) “An investment in knowledge pays the best interest.” — Ben Franklin Happy new year fellow profit seekers! As a gift for the holidays (the kind that pays you!), we’re highlighting 10 tips to make 2026 your most profitable year yet. Last week, we covered #1-5 to set a…
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10 Financial Tips for 2026 (Part 1)
10 tips to make 2026 super profitable (pt 1) “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” — Will Durant We’re just a few days away from the new year; and while it’s somewhat arbitrary in the sense that we wipe the books clean (hello retained earnings!) and…
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I’m having a good time… NOT
Put yourself out there and do things that scare you “The only thing we have to fear is fear itself.” — Franklin D. Roosevelt It was Sunday evening, my kids were asleep and my wife and I were peacefully enjoying the heavy snowfall from the comfort of our sitting room. At that moment of peak…
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[Monthly Metric] Growth Rate
What’s your current growth rate? “Growth is never by mere chance; it is the result of forces working together.” — JC Penney Of all the financial metrics, in all the towns, in all the world; your growth rate should come first. Nearly every move you make in business will flow downhill from whether you’re growing…
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Why Your Numbers Need a Story
What’s your story? “The most powerful person in the world is the storyteller. The storyteller sets the vision, values and agenda of an entire generation that is to come.” — Steve Jobs What I love about financial statements (and numbers in general) are the intricate stories they weave about a business. Behind every single number…
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The Profit Journey
“Success is not about the destination, but the journey” — Jeff Bezos Most business owners go down the entrepreneurial path for 3 reasons: Not to say that I’m uninterested in #3, but I was definitely motivated by #1-2 when I got started. Having been exposed to accounting theory and public company financial statements throughout my…
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[Monthly Metric] Tracking Collections with DSO
Metric of the Month: DSO “The first rule is that a measurement, any measurement, is better than none.” — Andy Grove This will be a new monthly series as part of our regular newsletter. There are too many financial metrics and most articles are long on definition, short on “what do I do with this?”…
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We’re Not Thinking Big Enough
Supersize Me “Roads? Where we’re going, we don’t need roads.” — Doc Brown, Back to the Future Let me describe your typical business owner routine: In a nutshell, this is business ownership. This won’t be another newsletter on how to work on your business, instead I want to talk about thinking big. My business partner and I…
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A (Financial) Tale of Horror
The Curse of Growth “Control your own destiny or someone else will.” — Jack Welch Hope everyone had a Happy Halloween; in that spirit, how about a tale of horror? Imagine we’re running a business together (let’s say it’s a cleaning business) and we have ambitions for rapid growth over the next few years. Starting…