Chartstravaganza: Charts for Small Business

ByProfit Mastery

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 savings rates. >> What it means: Consumer health went parabolic during the pandemic. Government programs (stimulus, unemployment, PPP,…

Spot Trends in Your Business with Simple Visuals

ByProfit Mastery

There are only 3 ways to convey information: If we rank them from easiest-to-hardest-to-understand, then it probably goes: 1) pictures, 2) words, 3) numbers. So why are we exclusively using numbers to understand our financial position? Enter: pictures. Why this matters? Aside from our inability to decode numbers in general, a single number (or a…