Philip Campbell's Blog

Making Money is a Skill

Making money in business isn't easy.

Expenses are always going up.

New expenses are always trying to creep into the mix.

Customers want better prices.

Competitors are trying to steal your customers.

That's why, as Ash Maurya says,:

Making Money is a Skill.

And like any skill it takes practice to get better.

Maybe this week would be a good time to practice your skill at bringing just a little more of your revenues to the profit line.

A baby step!

 

FREE REPORT: A 3-Part Plan to Breathe Financial Life Back into Your Business. If you are an entrepreneur or business owner, this FREE GUIDE provides you a step-by-step, simple process for creating a financial future that is bigger and brighter than your past. Click here to get it FREE.

Making Money… and Making a Difference

Two of my favorite subjects in business are 1.) making money and 2.) making a difference.

I wrote a post at Financial Rhythm to encourage you to think more deeply about the subjects of money and making a difference in your business.

In that post, I talk about making money and the unique role a CFO can play in creating financial health and wealth for business owners.

The post also speaks to entrepreneurs and CEOs. I share with you my insight on the larger strategic value of a CFO when the time comes for you to pull the trigger and hire a full-time or outsource CFO.

Check it out here. It's a quick read.

 

FREE REPORT: A 3-Part Plan to Breathe Financial Life Back into Your Business. If you are an entrepreneur or business owner, this FREE GUIDE provides you a step-by-step, simple process for creating a financial future that is bigger and brighter than your past. Click here to get it FREE.

Ash Maurya on the Entrepreneur’s Journey

I love Ash Maurya's book Running Lean. (It is part of the Lean Startup series of books.)

His new book, Scaling Lean, will be released in June 2016. I have seen the content and I encourage you to make it a part of your library of business books.

The Entrepreneur's Journey

Ash recently published a killer article on Medium that I think you will enjoy (and profit from).

The subject is The Entrepreneur's Journey. It's fascinating.

Here is one of many great quotes from the article:

"Too many entrepreneurs… use cost-based pricing where they figure out what something costs them to make, slap a modest margin, and set pricing. This approach often leaves too much value on the table.

A more effective approach is value-based pricing where you need to figure out who is buying, what value they derive, how to find them, and then build a mafia offer that explicitly anchors against that."

The article is jammed-packed with insightful and action-oriented tips and strategies to help you become more profitable and make fewer mistakes along the way.

Here is the article.

 

FREE REPORT: A 3-Part Plan to Breathe Financial Life Back into Your Business. If you are an entrepreneur or business owner, this FREE GUIDE provides you a step-by-step, simple process for creating a financial future that is bigger and brighter than your past. Click here to get it FREE.