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Is Now the Time to Pay Down Debt?

by Andrew Amrhein on 08/04

Is Now the Time to Pay Down Debt?

With the busy season upon us, hopefully you are now starting to see what I call, “the turn in cash”.   What I mean by that is this: you’ve spent spring ramping up and hiring. Now, in summer, you have your team and are profitably producing at full steam.  The result is that all your receivables are now starting to come in and, hopefully, the company bank account is starting to grow.    It’s worth noting that the bills haven’t stopped coming in either.  But, whereas before you were spending to ramp up, now you should be reaping the profits.  It’s the money making season, and profit is good!

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Lifestyle Business versus Value Business

by Kevin Nolan on 06/30

Lifestyle Business versus Value Business

When I started Nolan Painting in 1979, I did so with one intention: supporting my lifestyle.  As time went on, that lifestyle went from trying to support myself as a college student, to later as a young married man with four kids. I took out money as I needed it and grew the business at a moderate rate. I was everything; the painter, carpenter, color consultant, estimator, supervisor, CFO, CEO and COO.

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Time to Refocus: 90 Day Plans

by Brian Nolan on 07/10

While hard to believe, we’re half way through 2015… Are you accomplishing your goals? Are you focused? Do you know what winning looks like?

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Keep Your Daily Focus with Meaningful KPI’s

by Andrew Amrhein on 05/01

Spring is here!  Hopefully your phones are ringing.  As work picks up for the season (depending on your seasonality), all the planning you’ve been doing will pay off.   But as work picks up, so do the number of things that have to get done.  Something’s gotta give.  So, how can you stay focused on the Big Rocks, including financials? 

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I’ve Got A Budget, Now What?

by Andrew Amrhein on 01/19

Annual budgeting is exciting!  A budget isn’t supposed to make you feel trapped or limited.  A budget done well frees your mind and helps quantify the key priorities for success.  A budget is simply “pre-planning” the revenue you want and how you’ll spend it. Looking at it that way, it’s not restrictive at all!   In fact, it’s quite the opposite.  Your budget is also a goal post.

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2015: Looking Ahead and Planning for the New Year

by Kevin Nolan on 12/09

There is a time for every season, every season has a time. 

It’s December, which means I begin to think about the end of year wrap up and beginning of year Business Planning. (Yes, I know most people are thinking about the holidays!) Last December we were planning on how we could grow and reach the $6 million mark. Guess what, we going to make it! We are going to celebrate! 

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Book Review: Ownership Thinking

by Brian Nolan on 09/13

Book Review: Ownership Thinking

There are a handful of business books I’ve read over the years that have made a tremendous impact on how I lead and coach.  These have included The E-Myth Revisited, First Break All the Rules, Built to Sell and How Full is Your Bucket, among others.  A new one has made the List:  Ownership Thinking, by Brad Hams.  It's a must read for business owners.  This 227 page book is easy to read and includes material you can immediately implement in your business. 

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Implementing a Pay-for-Performance System

by Conal Mulreany on 08/18

Implementing a Pay-for-Performance System

“Show me a raise in your performance and I will show you a raise in your pay!”  In many companies employees assume that, since it has been a year since the last review, they are, therefore, due a raise. Entitlement has reared its ugly head and it wants to be fed!   A Paid-For-Performance (PFP) based system eliminates Entitlement and creates a culture that says, “those that work hard will be rewarded.”  In fact, employees reward themselves under a PFP system.

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Three Scenarios to Start Your budget

by Andrew Amrhein on 12/14

Done well, creating an annual budget can be one of the best activities your company does. By creating a budget, you and your people can get the opportunity to understand how your business works. Additionally, it is out of a budget that measurable goals are created. This includes goals for sales and production (these are not the same), and expenses and profit.
 

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“Pruning” the Dead Wood in Your Company

by Brian Nolan on 11/23

 It’s that time of the year again. A time to ask ourselves: “Are any of our employees dead wood?”. All too often we hold on to someone who really does not fit our company. Winter is the perfect opportunity for pruning, or getting rid of ‘dead wood’, and creating a healthier company.  Do you really want to keep them on during the winter? The sooner we prune, the better. The longer we wait, the more costly it becomes. As we prune every year, there are a few helpful tips to ensue pruning goes smoothly.

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