profit Archives

What Is Profit, Anyway? Why Entrepreneurs Need To Get Clear To Be Successful

This is an adapted excerpt from "True Profit!: No Company Ever Went Broke Turning a Profit" by Hermann Simon. Copyright 2021 by Springer. “I’m for profit maximization!” If you want to infuriate large portions of...

byHermann Simon

August 2, 2022

Scaling Your Bootstrapped Business: 3 Tips for Lean Entrepreneurs

Like most entrepreneurs, you have likely spent hundreds of hours developing skills to build your business. By the time you start turning a profit, you’re likely to spend thousands of hours and dollars trying out...

byMark Woodbury

October 25, 2021

How to Boost Your Startup’s Profitability with This Old Improv Trick

Where does revenue come from? And how can we make more of it? When you’re building a business, everything comes down to these two questions. The more specifically you can answer the first, the more...

byLauren Balik

October 6, 2021

10 Best Financial Planning Habits for Freelancers and Entrepreneurs

While 48% of new freelancers view freelancing as a long-term career choice, this is only realistic if you have a long-term financial plan. While freelancing comes with advantages, such as flexibility and independence, there are...

byBrian Greenberg

June 7, 2021

How to Maximize Your Profitable Growth in Your Chosen Market Segments

The following is excerpted from "Choose Your Customer: How to Compete Against the Digital Giants and Thrive" by Jonathan L.S. Byrnes and John S. Wass, pp. 141-145 (McGraw Hill, May 2021). You are what you...

byJonathan L.S. Byrnes and John S. Wass

May 11, 2021

How Startups Can Achieve B Corp Status (and Why it’s Important)

The idea of starting and running a business for any reason other than profit may seem counterintuitive to some. But a growing number of businesses around the world are turning that idea on its head,...

byJames Chin Moody

April 22, 2021

A Smarter and Faster Path to Entrepreneurial Success: Achieve More From Less

The following is excerpted from "Entrepreneur to Millionaire: How to Build a Highly Profitable, Fast-Growth Company and Become Embarrassingly Rich Doing It" by Kent Billingsley (McGraw-Hill Education, Feb. 2, 2021). StartupNation exclusive discounts and savings...

byKent Billingsley

February 2, 2021

7 Questions You Must Ask Before Creating an Affiliate Program

Picture the following scenario: Your monthly recurring revenue numbers are beginning to look impressive, but you still want to gain more market share and increase your revenue in the next quarter - so starting an...

byDustin Howes

March 7, 2020

What Entrepreneurs Need to Know About Cash Flow

If you are among the enterprising individuals in the process of launching or running your own business, this article is for you. You may already have your hands full with operating activities, staffing and continually...

bySamantha Novick

July 26, 2019

The Power of Being an Entrepreneur Without a Paycheck

If you have small or nonexistent income, you are probably a new entrepreneur still in shock over the loss of your paycheck, or your business has launched but is in lean times. Or, perhaps you’ve established...

byStephanie Breedlove

June 5, 2019

A Tale of Two Entrepreneurs: Which One Are You?

Jennifer stands proudly with her management team at the New York Stock Exchange. Today’s the big day that she — and every entrepreneur — lives for. As the clock strikes 9:30 a.m., she rings the...

byDan Abbate

March 30, 2019

7 Steps to Turn Your Great Idea Into a Profitable Business

The world can always use more great ideas that foster changes and improve lives. But, what would be even better is if those ideas were turned into profitable businesses that provided a product or service...

byJohn Rampton

February 11, 2019

How Cash Flow Can Destroy Your Business (and How to Prevent It)

What’s the most important factor in keeping your business alive? You might think the answer is profitability; after all, as long as you’re making more money than you’re spending, you should have ample resources to...

byLarry Alton

November 8, 2017

Steps to Finding the Right Point of Sale System for Your Startup

A Point of Sale system or “POS system” is of the utmost importance for the vast majority of businesses. In fact, most businesses wouldn't be able to operate and make a profit without a good...

byHiro Taylor

September 17, 2017

Understanding Startup Finances: Cash Flow vs. Profit

When you hear that a business is “profitable,” it’s easy to assume that it’s smooth sailing when it comes to finances. However, profitability is only one measure of a business’s financial health. Without sufficient cash...

byBond Street

August 7, 2017

5 Steps to Purchase a Profitable Online Business

Technology has not only made many tasks easier in recent years, it has also paved the way for innovation and trends. Over the last few years, the growth of online shopping has affected the bottom-line...

byFelix Tarcomnicu

June 11, 2017

Top 2 Essential Strategies for Startup Revenue Growth

Perhaps the most fundamental question on every business owner's mind is, "How do I increase my revenue?" It's a question that can create anxiety, fuel determination or lead to even more questions. As plenty of...

byJustin E. Crawford

April 18, 2017

A Positive Way to Approach Startup Cash Flow Downturn

Every business goes through cycles. For instance, the retail industry knows to expect increased business and cash flow during the holiday season in the fourth quarter. Florists and jewelers gear up for Valentine’s Day and Mother’s...

byJason Kruger

April 14, 2017

How to Launch a Profitable Business in 24 Hours or Less

A few years ago, when I first started brainstorming different ways to make money for myself, I felt like taking a can of bright red spray paint, drawing an "X" on a concrete wall and...

byDaniel DiPiazza

March 27, 2017

How to Make Profit Serve a Purpose With Your Startup

There's no time like the present to start something that benefits the world, one so indispensable it can’t help but make a profit. That’s how the best startups operate, and this is your moment to make...

byDaniel Matthews

February 26, 2017