Angie Noll is the Owner of Reconciled Solutions . She is a Certified Profit First Advisor and has an MBA from Loyola (Chicago). getty It pains me to state that in today’s small-business community, about 80% of small businesses in the U.S. fail after one year, according to Bureau of Labor Statistics data ( via Investopedia ). Such a shockingly high percentage of small businesses have not been able to run a sustainably profitable business. This is quite sad: It means that many business owners are likely living on leftovers and are unable to secure themselves a minimum standard of living. It’s often not their fault. They had the tenacity to start a business in this entrepreneurial world. But many of them likely listened to the age-old formula for success that has been passed down from accountant to accountant for generations. Sales Minus Expenses Equals Profit In 2014, Mike Michalowicz came along and published the book Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine . In the book, Mike clearly explains that it’s not a business owner’s fault if they are not making a profit. He asserts that we need to flip the generally […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
