What is the E-Myth? The Entrepreneurial Myth is the mistaken belief that most small businesses are started by entrepreneurs risking capital to make a profit. In reality, most businesses are started by technicians who have an "entrepreneurial seizure" - they know how...
Business Type: Garden Maintenance and Landscape Construction Location: Wollongong, NSW Size: 14 Staff Time a Client: 8 months (and on-going) Background Paul, the owner of the garden maintenance and landscaping business, was referred to me by another consultant...
Have you ever wondered how some businesses achieve remarkable profit growth while others struggle to move the needle? The secret often lies not in dramatic overhauls, but in the compound effect of small, strategic improvements. In this article, I'll show you...
As a business owner, have you ever found yourself puzzled by the numbers? Your Profit & Loss statement, or perhaps your accountant, tells you that you're making a good profit, yet your bank account paints a very different picture. Where's the cash? Let's...
In the world of business, understanding your break-even point is a fundamental step towards achieving profitability and financial stability. It’s the point where your total revenues equal your total costs, and you start making a profit. In this article, we’ll...
Every successful business stands on three fundamental pillars - much like a three-legged stool. Remove one leg, and the entire structure becomes unstable. As The Profit Coach, I've observed that sustainable profit growth comes from mastering these three core...
As the year draws to a close, many business owners find themselves caught up in the holiday rush, both personally and professionally. However, these final weeks before Christmas present a unique opportunity to solidify your business's position and set the stage...
"All Leaders Are Readers" This is a famous quote by Harry S. Truman, former President of the United States. While this quote was made when books were our main source of learning, today it extends to a whole list of other mediums—from audiobooks and podcasts to YouTube...
Accountability Creates Results! In the fast-paced world of small business, accountability is a game-changer. It’s not just about setting goals and hoping for the best—it’s about creating a culture where every team member, from the CEO to the newest hire, is...
Unlocking Rapid Growth: How Small Businesses Can Outpace Economic Projections In the dynamic world of small business, growth isn't just a possibility—it's an expectation. Recently, I had the privilege of attending a Budget Breakfast hosted by the Penrith Valley...