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Profit First: Taming Your Money-Gobbling Monster

By Lynn Wise Are you familiar with Profit First? It’s something I explored in my previous article, but even if you didn’t read it, you may have heard of this revolutionary approach to cash flow. Based on the best-selling book by Mike Michalowicz, Profit First presents a simple way to rethink your business accounting. While the conventional cash flow formula is revenues minus expenses equals profit, Profit First offers a subtle tweak: Revenues minus profits equals expenses. In other words, it’s an accounting paradigm in which you set aside profits from each bank deposit you make,......

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Yes, Your Next Hire Should Be A Woman

By Vicki LaPlant How exciting is it to write an article on why hiring a woman should be a part of your thinking with that next hire? I, like many people (not just women but men as well), stumbled into this industry. Having taught high school English for four years, I didn’t even know an industry such as ours existed. And if I had any conscious recognition of it, my assumption would have been that it was for engineers or people who wanted to work on the air conditioner or heater. (My......

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It's Your Busy Season - Train Anyway!

By Steve Mores I’d like to jump outside of our industry for a moment to mention a few unrelated fields with a common component: Training. My soon to be daughter-in-law works in the insurance industry, and as you can imagine with the constant changes going on in the insurance world, they have continuing education training all year to keep them up-to-date on current trends and changes. Even during their busy open enrollment season, training continues. I have several family members that have devoted their life to nursing, and they always have seminars, workshops, and......

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