Author: Leslie Taylor

First, let’s get the terms out of the way so we are all on the same page.      Income Statement = P&L statement = Profit and Loss Statement     These are all different names for the same thing.  From here on out, I will use the term P&L to keep things simple and brief.       Many small business owners don’t know how to read their P&L statements.  If you fall […]

You have a new idea for a business, a new product, or a service.  Perhaps you are still in the early days of your business.  You are full of excitement and anticipation with the possibilities this new endeavor will bring once it hits the market.  You have done your research to understand the competition, held conversations with your ideal customers to confirm the need and fine-tune your offering, and checked […]

If you have been around me for any amount of time you know that I LOVE organization, optimization, making things run better, faster, cheaper.  In fact, during my days as a corporate engineer/scientist, that was a major part of my job.  Systems and processes are essential to all businesses. They are the foundation of profitability, growth, and longevity. When I first started talking about processes and systems to small business […]

If you have been around me for any amount of time you know that I LOVE organization, optimization, making things run better, faster, cheaper.  In fact, during my days as a corporate engineer/scientist, that was a major part of my job.  Systems and processes are essential to all businesses. They are the foundation of profitability, growth, and longevity.   When I first started talking about processes and systems to small business […]

In general, we can all agree that things usually go better once you create a plan. When it comes to businesses and building businesses, this is especially true. Without a plan, things can go south really quickly. The fact is, though, around 60% of businesses don’t have any sort of plan aligning with a budget. Even more alarming is the fact that more than 95% of workers aren’t clear on […]