Donna Lim - Sooter Consulting

Fix This Next: Third Level, Building Order and Redundancy for a Self-Sustaining Business

by Donna Lim | Jul 9, 2020 | Business Planning, Organize

I’ll begin with two quotes from the book that really resonated with me. “You are not a business owner if the business owns you.” And “Stop doing for your business, and start designing your business to run without you, permanently.” That is the goal – isn’t it. To have...

Fix This Next: Second Level, Strengthening Profit with Debt Control and Cash Reserves

by Donna Lim | Jun 27, 2020 | Profit First, Small Business, Tips and Tricks

I have heard this more than once in my life – I have reinvested my profits back into the business. Mike said it another way that I have been pondering. A reinvestment of “profits” is an expense. Period. I’ve decided that even though we may show a profit on the Profit...

Fix This Next: First Level, Mastering Sales for Business Success

by Donna Lim | Jun 12, 2020 | Business Planning

The bottom level of the BHN (Business Hierarchy of needs) is Sales. Businesses can not exist without sales. I know that start-ups can exist on Venture Capitalist; however, eventually even that will dry up if we don’t start to generate sales. Level 1 – Sales – Core...

Fix This Next: Mastering the Business Priority Pyramid

by Donna Lim | May 28, 2020 | Small Business

Many of you have heard Maslow’s Hierarchy of Needs. It is a triangle with 5 levels to it: Physiological, Safety, Belongingness, Esteem and finally Self Actualization. I used to think that you had to achieve one at a time – climbing the different levels. I now know...

Escape Business Purgatory with Stress-Free Bookkeeping

by Donna Lim | May 17, 2020 | Organize, Small Business

When you started your business, you knew there would be some administrative tasks that would need to get done. I’m sure you think of tax time as some sort of purgatory for business owners. You got a reprieve this year with the date being pushed out; however, that due...

Maximize QuickBooks Online with Essential Add-Ons

by Donna Lim | Apr 30, 2020 | Efficiency, Organize

QuickBooks Online may work for you just fine as is. After all, it was designed to meet the needs of the millions of small businesses that want to manage and track their income and expenses, create records and transactions, and run reports to gauge their financial...