Photo by Towfiqu barbhuiya on Unsplash Cost reduction doesn’t have to mean cancelling services. A creative way to reduce your costs, at least from a cashflow perspective, is to refinance your business debt. This is not for everyone. If you have a loan that’s been paid down a few years but still has no end…
Photo by Omer Nezih Gerek on Unsplash Spring Break, 1997. One of my favorite hiking memories took place when my family went on a camping trip to the Grand Canyon. We had a hiking guide with a big group of several families, and every day we went on longer, prettier, more adventurous hikes deeper into…
Photo by CardMapr.nl on Unsplash It’s almost too easy. I had a business partner who would control costs once or twice a year by simply cancelling the company debit card. It’s a handy technique for a small business owner who often doesn’t have the bandwidth to pick through your Profit and Loss statement and control…
Photo by chris robert on Unsplash It always starts small. Time is a precious resource, so we need to pay close attention to how we spend it. To do that, you have to create and manage a budget. Your “Time Budget” tracker is your calendar. Take a look at your calendar right now and tell…
Photo by Colton Duke on Unsplash It’s really quite simple. We all know what hiking is, but have you ever stopped and defined it? As author of Profit Hiker, one of my first exercises was really defining what a hike is. I felt it was my duty if I was going to use it as…
Photo by Simon Wilkes on Unsplash Growing vertical… There is a tree farm that I had the pleasure to work with for several years. Once upon a time a man had a landscaping company. He started by mowing yards by himself, which grew to several crews, which then grew to landscape maintenance. As he and…
Photo by Evan Wise on Unsplash Commiserate, cowinnerate. (I just made that second word up… but I like it) Profit Hiking is better together! Connecting with other business owners and hiking a trail together has so many benefits. For one, we’re not made to be alone. You are designed to be in community with others.…
Photo by Chris Linnett on Unsplash Tread lightly. Growth by acquiring other companies can be a great way to see immediate growth, IF it’s planned and executed well. This is not an easy trail. You merge brands, product lines, team members, personalities, values… it can feel like an arranged marriage between unwilling parties. Besides that,…