Good day and hope you are looking forward to a productive week.
This week we are announcing our new community - The Community of Commerce for all insiders. Everyone who has JOINED US and become an inside we are moving off of the weebly web platform to a community site on Tribe.
This will provide an opportunity to share information, ask questions, and gain support for starting, growing, or exiting your business.
It is our version of the Chamber of Commerce - what it could have been instead of what it has become. This community has one goal - your success as a business owner to build generational wealth for your family. That growth will create more and better jobs in your local community.
It is a stand alone (outside the control of the arbitrary large providers) platform that provides entrepreneurs and business owners a space for the free and open exchange of ideas.
As a member of IBGR's Community of Commerce you can:
On a closing note, if you want to know what drives everything we do - checkout this article: usatoday.com/story/tech/2020/07/23/yelp-says-half-restaurants-brought-down-covid-19-wont-reopen/5492283002/
And that is just restaurants - what about everybody else?
Have a great business week.
Got your big girl or big boy pants on? Today's show will determine whether the business survives the rapid growth of Stage IV. This is a real skill set to be mastered and the following is what we have done and consulted others to do.
Key Issues - Owner/Manager perspective:
What You Need to Know
Cash Paid Out
Cash and Credit Available
What You Need to Do
Even though your accounting software can provide this information, I recommend you build your own spreadsheet at first. Create your own formulas and relationships, play your own version of "what if". The reason? You will understand the concept of Velocity of Cash IN and OUT at a level not possible from reading a report. Once you understand it at this level getting the software give you a report is fine.
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