Tag: Ruth King
Are You Making These Balance Sheet Mistakes?
Reading Time: 4 minutes By: Ruth King Pull out your latest balance sheet. Do you have negative assets (with the exception of accumulated depreciation)? Do you have negative liabilities? Then, your financial statements […]
A Dumb Discounting Mistake
Reading Time: 2 minutes By: Ruth King A business owner noticed that sales were lower than expected. He decided to have a sale to increase customer purchases. His plan was to send out […]
The Difference Between Sales and Revenue – Is Your Company Really Profitable?
Reading Time: 3 minutes By: Ruth King The two terms are different but unfortunately are used interchangeably. If you report sales instead of revenue on your profit and loss statement, it might be […]
How To Lose a $28,000 Contract by Doing Stupid Things That Can Easily Be Avoided
Reading Time: 2 minutes By: Ruth King Business owner sells a $28,000 contract to a customer. The owner’s employees are supposed to perform the work as described in the plan. It is renewal […]
Three Customer Lessons for 2022
Reading Time: 2 minutes By: Ruth King The companies who thrived in 2021 did three things: They paid close attention to their customers….even when they didn’t want to sell them something. They […]
I Never Thought This Would Happen to Me
Reading Time: 2 minutes By: Ruth King This statement was told to me by a business owner who discovered that his bookkeeper was embezzling. He was shocked when he found out. The […]
“What Can I Do to Keep From Becoming Complacent?”
Reading Time: 2 minutes By: Ruth King This question stumped me. It was asked by one of my clients who is doing really well. His business is stable and growing profitably. Perhaps the […]
3 Ways That you Might Not have Thought About to Increase Your Profits
Reading Time: 3 minutes By: Ruth King Here are three ways to increase your profits. #1 – Stop pricing using percentages. You cannot take a percentage to the bank! Imagine going to a […]
Don’t Let the Grinch or “The Elf on the Shelf” Steal Your Holiday Season
Reading Time: 2 minutes By: Ruth King Traditionally at this time of year I write about planning – and how simple it can be. No one envisioned what happened to the world this […]
Do You Have an ELF Business or a HALF Business?
Reading Time: 2 minutes By Ruth King A few years ago, Darren Hardy, the former publisher or Success Magazine interviewed Joe Polish. Joe turned around his carpet cleaning business and started teaching others […]
Price of Business Contributor Doing Free Webinar Financial Series on Ronan, the Rubber Duck
Reading Time: < 1 minute From Ruth King. Learn more at www.RuthKing.info. “YOU CAN’T” That’s what my daughter said to me when I told her that I wanted to make the financial side of business […]
Beware of Your Banker – He is NOT Your Friend
Reading Time: 2 minutes INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE. Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Ruth King. Beware of Your […]