Business Issues

Do you pay your employees too much? If you don't value your time, you probably pay employees what you think you would want to be paid, but you're actually paying yourself less. Are your employees your friends who you want to treat well? Do you just like the feeling of being generous?

If you don't value your time, you probably pay employees what you think you would want to be paid, but you are actually paying yourself less. Are your employees your friends who you want to treat well? Do you just like the feeling of being generous? Protecting your bottom line means making sure the doors of your business remain open.

Tune in today, Thursday, February 6, 2020, to listen to the Ask Christina First Radio show on https://amazingwomenofpower.com/radio/christina-suter/ at 8 am and 2 pm PST to listen.

The culture of America as a whole, and especially amongst many small business owners is-- we don’t want to be thoughtless in our business. We are anti-big-business because it can be heartless, greedy, and does not revolve around a human or good belief system. It is absolutely possible to be a conscious-minded, kind, or good-hearted business owner, and not have it negatively affect your bottom line.

If, by nature, you are a generous person and want to run and own a generous business, be sure to value your time and efforts. Price your products and pay yourself and your employees appropriately.

Tune in today, Thursday, January 23, 2020, to listen to the Ask Christina First Radio show on https://amazingwomenofpower.com/radio/christina-suter/ at 8 am and 2 pm PST to learn how to balance employee relationships and good-hearted business.

Business expenses are broken down into two categories-- fixed and variable. Fixed expenses are the core expenses that don’t fluctuate. Fixed expenses have a monthly payment commitment, a contract, or an agreement, and require a specific payment amount. Variable expenses are those business expenses that vary, or change, and aren’t essential to keeping your business running. The management of both expenses and the way to curb your business expenses boils down to tracking.

As a business owner, you must be willing to track your business, how many customers do you have, how much do you spend on advertising, how many people are visiting your website? Answering these questions will help you to evaluate what to cut.

Tune in today, Thursday, January 16, 2020, to listen to the Ask Christina First Radio show on https://amazingwomenofpower.com/radio/christina-suter/ at 8 am and 2 pm PST to learn how to curb your business expenses.

Your budget is core to your personal and professional life. Does your business earn enough to pay you a salary? Is your personal account funding your business? Personal and business budgets are convoluted, in fact the governemnt encourages us to convolute them. You may put your cell phone and car in your personal budget to minimize taxes but that doesn't give you an accurate budget to pull from nor clearly understand what expense belongs where.

If you're like most small business owners there are lots of small, moving parts that include 15-20 expenses you need to keep track of in your business. Most of us don't have a natural knack for numbers, budgets, and keeping accurate accounting spreadsheets. Small business owners get into business because they love the people they serve and/or the product or service they offer, not because they love business.

Tune in today, Thursday, January 9, 2020, to listen to the Ask Christina First Radio show on https://amazingwomenofpower.com/radio/christina-suter/ at 8 am and 2 pm PST to learn how to gain mastery of your budget.

If your income stopped coming in tomorrow would you be able to survive for a month? Would your bills go unpaid? 

Take your expenses that are due in the first 10 days of the month and make sure you have that amount in your account at all times. If your business tanks for two weeks or there's a natural disaster, how nice would it be to already have the bills due on the 1st-10th already taken care of?

Your bottom line is the one thing that can make or break your business. If you run your business at a negative bottom line, eventually you will have to close it. If you're a self-funding small business owner you have to find someone to help fund your business. We all know new startups generally run negative or close in the first three years. If you don't take the necessary steps to ensure you are protecting your bottom line and that your business is running at a profit, you will close the business.