Rocket Your Profits Blog
5 Essential Elements of Goal Setting for Entrepreneurs
Are you an entrepreneur or a business owner? Why this question? Because it matters in how you approach goal setting to achieve results. There is so much overlap between the two terms that people often forget which is which. Many business owners consider themselves...
13 Winning Strategies To Use For Time Management
"Time is money" – A proverb we've all heard, and many of us casually use, but you don't really understand how on point it is until you become an entrepreneur. Because then, time literally is money. Ingenuity, people skills, and marketing genius aren’t the only traits...
What You Need To Know About Debt Management And Why
Debt Management for Your Small Businesses Running a debt-free business is a goal for many small business owners. Statistically, it doesn't come true for almost seven in ten businesses. Nearly 70% of small businesses have outstanding debt. But, contrary to popular...
The Debate Over Compartmentalization vs. Outsourcing
Pretty much, everyone has heard the term "Outsourcing." This term gets more and more popular every day. It means "obtain goods or services from an outside source." Not so with "Compartmentalization." Compartmentalization, on the other hand, isn't talked about as much...
How the Profit First Approach Helps Small Business
The Profit First Approach If we take a look at human history, we can see that "business" has been a part of human societies (no matter how small they were in the old days), far longer than "paid jobs" have been. Wisdom, models, tips, tricks, plans, and ideas related...
22 QuickBooks Online Tips To Keep You Sane
If you're into the habit of looking at or working on your books only when it's tax season, then when your accounts and expenses have gone completely haywire, you'll waste hours trying to figure out where it all went wrong. And you'll think you're going insane! One of...
Financial Freedom Effective Strategies
What does it mean to want financial freedom? The definition of financial freedom varies significantly from individual to individual, especially between working individuals (employees), entrepreneurs, and business owners. For me, choosing business over a job was a...
The Money Mindset Trap – 7 Pitfalls to Avoid
Whether you are starting your first business, an entrepreneur, focusing on a side-hustle, or self-employed, you have to develop the right money mindset to succeed. That's not to say the people who are employed can get by with an "improper" money mindset, but having a...
Cash Flow Management No Longer a Mystery
Cash flow management is one of the primary drivers of the success or failure of a small business. According to a US banking study, 82% of the businesses fail due to poor cash management. That's a startling statistic, and it shows just how important cash flow...
How NOT to Trigger an IRS Audit
If I ask business owners what their least favorite part of running a business is, a lot of them will say taxes. And that’s completely normal. It wouldn’t even be too presumptuous to say that many business owners practically dread tax time. Even if you do everything...
