Even if you haven’t been watching the news, you’ve heard about what’s going on out there on Wall Street.  No doubt you heard that Monday afternoon The Dow (an invisible grouping of 30 companies who each have $7+ billion in annual revenues—Microsoft, Verizon, SBC Global, etc.) dropped the most it has ever dropped. You’ve also […]

Today I was reading an article in Money Magazine that made me angry, it is titled:  WHY YOU CAN’T TEACH MONEY. 
A law professor , who specializes in financial products regulation (mortgages, securities, insurance, etc.) argues that trying to teach people how to manage money is a waste of time and money…she even implies that […]

I’m with you, it’s emotionally frustrating to pay $65 to fill up my car.    But here again, look at the perspective…
·         15 gallons of gas @ $2.50 = $37.50 | Fill up 1x a week for 52 weeks = $1,950/year
·         15 gallons of gas @ $4.25 = $63.75 | Fill up 1x a week for […]

 I was born in 1975.  Now that I’m  a business owner, financial planner, and money coach  I find it interesting that not once have I heard my parents talk about gas  rationing in the70s, or how gas prices doubled, and interest rates were as high as 20% in the decade I was born.  History is […]

So what in the world do gas prices have to do with profitability in your Direct Selling business?  Everything! 
   
Gas prices affect production at your Company’s manufacturing; gas prices affect how much it costs to deliver products to you so you can deliver them to your clients.   Gas prices affect how much it costs to pick […]

If you watch the news you’re going to hear some “talking head” spouting off about recession.   I’m no economist, but seriously…business is business!  What a great opportunity to talk about one of my favorite subjects:  informed, strategic, purposeful spending.
I believe in leveraging business income and expenses to maximize profit in a business.   What irks me […]

This week, I had the privilege of speaking for the Expert Call—thank you for attending!     You guys had a lot of great questions, and so I want to publish them here with the answers for a recap. 
 Can you reiterate the Three Game Rules you mentioned with a brief explanation of each?
1.       Prove Intent Rule:  […]

 IRS rules say that you must be able to prove intent to make a profit with your direct selling business; especially if end up taking losses and want have them allowed.   To “prove intent” you must be able to show that you carry on your career activities in a “businesslike manner.”   This includes keeping good […]

We’ve all heard the saying, “It takes money to make money.”  This inherently means that dollars will be spent to generate a profit.   Last week I taught you that every dollar spent should be held responsible for producing more dollars.  If you spend $100 on training, your hope is that additional knowledge will produce 200 […]

We’ve been exploring the 4 Cornerstones of Profit.  Last week we looked at The Company Money Rule.  This week, let’s talk about our second Cornerstone:  Revenue.    Revenue in and of itself is just “money made.”  But she has two critical relationships.  To help remember Revenue’s relationships, think REV  (R-Revenue, E-Expenses, V-Vision) 
R-Revenue
You’re in business–so that means you’re going to be selling something.   Whether […]