August 28, 2014
I sat down the other day fully intent on getting some work done but instead got sucked into a rerun episode of the The Profit which captivated me. ¬†Not only was it about a food company, but the problems this company faced were so similar to many of the issues I hear from food entrepreneurs. ¬†Good margins but trouble with revenue? ¬†Check. ¬†Can’t figure out where all your money is going? ¬†Check. ¬†Working capital issues? ¬†Check. ¬†Can’t figure out why even with good sales you’re not making a profit? Check, check, check.
So here’s your homework for Labor Day Weekend (or, if you’re not in the US just for your regular old weekend). ¬†Check out this episode of The Profit and see how much of it resonates with you and your business. ¬†C’mon – finance homework is never normally this much fun!