You don't have to have everything solved or figured out to start a business, but you should ask a few important questions. If you have specific questions, please ask us at www.doyourbusinessright.com

Questions to ask BEFORE you start your business!

A big often asked question, "How do I know if I am paying too much on supplies for my product?" In this podcast episode learn about GPM (Gross Profit Margins) and how it can answer that question for you and also help you know when to take advantage of a Supplier Bulk Discount.

www.doyourbusinessright.com
http://research.financial-projections.com/IndustryStats-GrossMargin.shtml

Am I spending too much on supplies?

Another common scenario is owner underpaying them self while working many hours. For some, this is just fine, for others it is ruining their expericence and draining them of energy. Find out why the your Operating Profit Margin (OPM) is a good metric to know and how it relates to your Owners Draw.

Why can't I pay myself?

Driving up revenues - value. What is the value you are bring? If you are looking to increase sales focus on increasing your value and then also focus on communicating your value to many.

The Bell Ringer

Having a good written plan for your business doens't have to be complicated. Use your best judgement and the judgement of others your trust to review and compile a list of business objectives. It's work indeed. But it's worth the effort.

Links:
http://enterprisesuite.intuit.com/business-plan/
www.doyourbusinessright.com

A Written Plan

In this Podcast Episode I review what are termed "common" mistakes, the key is common, lots of folks do this so we should listen up and see if we need to adjust.

Links:
Source Article - https://www.thebalance.com/small-business-startup-mistakes-2951860
Journal - https://bestself.co/
JRK - http://www.doyourbusinessright.com

10 Common Small Business Startup Mistakes

In all hard work there is profit. We need to find it and protect it. Don't fall for online scams. There is no easy money that lasts. Work for it.

TGIM - Thank God It's Monday

Don't look for help somewhere else, start with YOU. There is no one going to come and save you. Take ownership of yourself, your thoughts, your mistakes, your time.

It's What's In You That Counts - Taking Onwership

We need visual cues that occur regularly to remind us what we need to do. Not all things in business are what we WANT to do, there are plenty of things that just NEED to be done. In this podcast episode I talk about how I use my weekly routine of taking the trash can to the street as a reminder that I need to take care of a few "toads" TODAY at the office.

Links:
www.jrkfinancial.com
http://www.humorthatworks.com/what-i-learned-from/12-effectiveness-lessons-from-the-effective-executive/

Happy Trash Day! - Do what needs to be done.

Carefully look at your expenditures and see if you are investing or just spending. Every business has "expenses", successful businesses have "investment expenses" or re-investments. 
1. Invest in Infrastructure and Operations
2. Invest in Your Employees (and Yourself)
3. Invest in Marketing and Public Relations


LINKS: 
www.doyourbusinessright.com
www.jrkfinancial.com

Jason Koscinski