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Annual Business Goal Setting: Strategies & Reflections – Part 1

Annual Business Goal Setting: Strategies & Reflections – Part 1

by Donna Lim | Sep 4, 2020 | Business Planning, Small Business, Tips and Tricks

It’s that time of year when I start to reflect on what we’ve accomplished this year and how far we are from our goals. I created and set most of our 2020 goals up last fall long before the Covid pandemic. Like most of you, I have had to adjust my goals to fit...
Building a Firm Foundation for Impact and Legacy with Fix This Next

Building a Firm Foundation for Impact and Legacy with Fix This Next

by Donna Lim | Jul 23, 2020 | Tips and Tricks

I have to say I absolutely loved chapter 6 of Mike Michalowicz’s book – Fix This Next. He called it a “musical bridge.” He makes a point to say that once we have shored up the first 3 levels: Sales, Profit and Order; we are going to transition to the last 2 levels of...
Fix This Next: Second Level, Strengthening Profit with Profit First

Fix This Next: Second Level, Strengthening Profit with Profit First

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...
Dare to Lead: Gaining Clarity for Financial Decisions in Uncertain Times

Dare to Lead: Gaining Clarity for Financial Decisions in Uncertain Times

by Donna Lim | Apr 16, 2020 | Small Business, Tips and Tricks

I’m currently reading Dare to Lead by Brené Brown and although I’m not ready to do a newsletter series on it yet, I wanted to borrow something from this book. Let’s rumble with vulnerability. There are many attributes to Daring Leadership, but I just want to bring out...
How to Maintain Liability Protection for Your Corporation

How to Maintain Liability Protection for Your Corporation

by Donna Lim | Mar 7, 2020 | Organize, Taxes, Tips and Tricks

When you started your business, you may have formed a corporation to protect your personal assets from lawsuits against your company. However, you must also operate your business like a corporation — or risk losing the liability protection you expect to have. The...
How to Increase Profit by Boosting Efficiency and Finding the Right Clients

How to Increase Profit by Boosting Efficiency and Finding the Right Clients

by Donna Lim | Feb 7, 2020 | Efficiency, Profit First, Tips and Tricks

The truth of the matter is – you do have money in your business that’s waiting to be used properly. You can realize a higher profit in a couple ways. First – let’s talk efficiency. Are you sure your business is doing things efficiently? I’ll give an example from my...
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