Posts Tagged ‘profit’
Planning for Profit
It’s called the bottom line, but for a business owner it should be top-of-mind. I’m talking about net profit, the money that you get to keep after all the bills, salaries, taxes, insurance, and other expenditures have been paid. If you’re not reaping a healthy profit for your labors, you’re probably underpaid and you could…
Read MoreWhy Half of New Businesses Fail Within 5 Years
Did you know that nearly half of all new businesses fail within the first five years and nearly two-thirds within the first ten years? Even more shocking to me was learning that 60 percent of all small businesses are NOT profitable, and of those 30 percent lose money every year. In many cases, it’s not…
Read MoreProfit Is What You Keep; Not What You Earn
By Gail Doby, ASID CVO & Co-Founder, Gail Doby Coaching & Consulting & Design Success University Designers, I often find, are not always clear on their financial goals. Frequently, they confuse revenue with profit. Revenues are what you bring in to your firm by way of sales. Profit is how much of that money you…
Read MoreCreating Your Budget
By Gail Doby, ASID CVO & Co-Founder, Gail Doby Coaching & Consulting & Design Success University Many designers want to know how to earn more money from their business. I tell them it starts with establishing a budget. It’s a lesson new business owners often learn the hard way after years of bringing in a…
Read MoreRemove Stress From You & Your Business
By Gail Doby, ASID There are over 60,000 interior designers in the US, and of those designers, every single one has stress from the following: 1. Working too much 2. Cash flow concerns 3. Struggling to get business or enough business 4. Managing the paperwork 5. Setting up systems and processes that work What do…
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