Guide to 5M: 09
If you plan on growing past the 3-5 million mark, consider upgrading to new platforms that will serve the company more holistically.
Guide to 5M: 08
Be intentional about your culture or it will simply develop on its own. That may work out, but it just may burn your company to the ground.
Guide to 5M: 07
Having a clear and unwavering vision ensures your coworkers and employees that they are on the right bus and headed in the right direction.
Guide to 5M: 06
Where can I go from here? Design a easy to read organizational chart so everyone knows where they are and where they are going.
Guide to 5M: 05
If you know how to make the best the cookies in the world and you want to sell those cookies, you will need more bakers. Write down the recipe and teach them your magic.
Guide to 5M: 04
4. Payroll Standardization A while back, I sat down to interview for the first management position in a small family-owned HVAC company. When it came time to discuss the details of pay and benefits, I asked about potentially owning a stake in the company. Profit sharing. In the many years of conducting interviews since I’ve…
Guide to 5M: 03
Create Your Budget Blueprint It’s September 1st and once again you didn’t sleep until your alarm sounded. Typical. Why do you have an alarm anyway? You pour a cup of coffee and let the dog out to do its business. You breathe in the crisp morning air and thank the awakening sky that the day…
Guide to 5M: 02
Departmentalized income statements What gets measured gets improved. If you don’t know where your attention will have the biggest impact, having departmentalized income statements will be a great place to start. This one was one of the first truly game-changing improvements we did as a small business. Pro Tip: It took a talented, in-house accountant…
Guide to 5M: 01
Redefine your ideal customer After you first hung up your shingle and opened for business, you probably accepted money from nearly everyone that wanted to give it to you. It’s likely that you occasionally strayed from your area of expertise and took some jobs just because you had to make payroll. If you ever want…
Guide to 5M: Intro
Under 3 million, you’ve focused on survival. You’ve edged, elbowed, and clawed your way into the marketplace. Look at you! You did it, you scrappy SOB! You’ve thrown a lot of stuff against the wall and have seen enough of it stick, that you can now focus on scaling up your business. Starting up and…