Case study: Challenges Faced by Tim, a Plumbing Business Owner Hi, welcome to this week’s episode of Nail the Numbers. Excited to talk to you this week about Tim. So last week we talked about Steve. So Tim has got a little bit of similar problems, but he hasn’t been in business for as long […]
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Case study: How Steve turned his struggling HVAC business into a profitable, stable operation using 4 cash flow strategies Steve owns a small but growing plumbing company that has been operating for three years. As the sole owner and manager, Steve is dedicated to growing his business but is wearing so many hats right now he
Why Knowing Your Profit is Essential for Your Success Welcome to the Nail the Numbers blog! I’m Kerry Postel, the proud owner of Abacus Business Solutions, where our mission is to help business owners know, understand, and trust their numbers. Today, we’re taking a step back to revisit the basics and discuss a topic
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Who Am I? Journey of Passion and Numbers with Kerry Postel Who Am I? Discovering the Person Behind Nail the Numbers Podcast Good morning, dear readers, and welcome to a special feature of Nail the Numbers. If this is your first time here or you’re a regular on the blog, I extend my gratitude
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Mastering the Multitask: A Business Owner’s Guide to Sanity Hello, fellow entrepreneurs! Let’s dive into a topic that hits close to home for many of us: the multifaceted role of a business owner. Picture yourself seamlessly transitioning from finance to customer service, then to marketing, all before lunch. It’s a familiar scenario for us, the
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Building a Reserve Fund: Your Business’s Safety Net In the unpredictable world of home service businesses, having a reserve fund isn’t just good practice—it’s essential for survival and growth. Much like a safety net under a tightrope walker, a reserve fund provides financial security and peace of mind, allowing you to navigate through unexpected challenges
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How Adding More Services Can Grow Your Home Service Business Hello, fellow business owners! Today, we’re talking about a game-changing strategy for your home service business: adding more services. Think of your business like a Swiss Army knife. The more tools it has, the more useful it becomes. Diversification, or adding different services, can turn
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5 Steps to Tackle Debt in Your Home Service Business Debt management is a crucial aspect of running a successful home service business. While debt can be a useful tool for growth, unchecked it can also hinder your progress. One effective strategy for managing debt is prioritizing high-interest loans for early repayment. Here’s a step-by-step
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Navigating the Challenges of Change Orders in the Home Service Industry In the dynamic world of Home Services, change orders can be a common occurrence, yet they present a significant challenge, potentially impacting a project’s timeline, budget, and overall profitability. Understanding how to effectively manage change orders can be the difference between a successful project
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Home Service Business Navigating the Chart of Accounts: Finding the Sweet Spot for Your Home Service Business For home service industry business owners, diving into the financial aspects of running a company can sometimes feel like navigating uncharted waters. It’s essentially the backbone of your business’s accounting system, categorizing every transaction into understandable accounts. But
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