When you’re on a journey, you need a starting point and a destination to be successful. In business, we use key performance indicators to map out those points and improve profitability.
JoinedJanuary 24, 2023
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Martin Holland is the owner and operator of Anneal Business Coaching, based in Norman, Oklahoma, which offers coaching and resources to business owners. Holland earned his bachelor’s degree from Hastings College in Hastings, Nebraska, and an MBA from the University of Oklahoma, in Norman, Oklahoma. During his career he has written business plans that have raised more than $52.4 million in bank and investor financing. Learn more about Holland and his work by visiting annealbc.com.
As a coach, I’ve witnessed a lot of suffering in business. Some of it is normal and transient, but a lot is persistent.
Have you ever opened the bank app on your phone and thought: “That can’t be right. We should have more cash than that”?
“I make money, so why don’t I have any?” Anyone who has been in business for a significant time has asked that question, usually in response to a cash crisis such as the inability to make payroll.
Why do people discount their prices? I’ve asked hundreds of business owners and managers that question, and the answers are always the same.
Breakeven is too important to ignore. There are many uses for breakeven. It is a fundamentally important tool with the power to transform your thinking and the quality of your business decisions.
Spa retailers, did you know: If you raise prices 1%, you will increase your net profits 14.5%? If you increase...
None of us became business owners so we could keep books and read financial statements. Nevertheless, both are critical to running a successful business. We can’t even approach our full potential without them.