Small Business Archives - Erin Armstrong
Why Business Mindset Alone isn’t Enough

Why Business Mindset Alone isn’t Enough

Business mindset coaching is all the rage these days. You don’t have to look very far to find coaches offering to help you use the law of attraction, or manifesting, or even working on your different chakras to improve your business financial situation. There’s an...

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Before You Grow Your Business

Before You Grow Your Business

As a small or medium-sized business owner, hopefully your business is showing a profit... but perhaps that profit isn’t as high as you’d like it to be. Maybe you had envisioned having more of a financial cushion, paying yourself a higher salary, putting more into...

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Improve Your Business Financial Health

Improve Your Business Financial Health

Since I started my business in 2011, I’ve worked directly with hundreds of different small businesses, helping them with growth and profitability, and structuring them to align with their personal lives and all their goals. As time goes on, I’ve started thinking about...

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4 Thoughts on Attracting Great Staff

4 Thoughts on Attracting Great Staff

To be successful as a small business owner, it’s crucial to find great staff members. Whether your business relies on full-time employees or part-time contractors (or, likely, a mix), you want to make sure you have the best possible people filling those roles. This is...

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Luck or Financial Leadership for Your Business

Luck or Financial Leadership for Your Business

If you’ve looked at any of the research on business success, you’ve probably seen this disturbing statistic: for new US businesses, only about two thirds will still be open after 2 years. And only about half of these businesses will still be around after 5 years. If...

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Why You Should Always Focus on Profit

Why You Should Always Focus on Profit

It’s no secret that we live in a society where bigger is better. In the business world, this often translates into a single-minded focus on growth, where growth is seen as the single most significant marker of business success. But while growth is important,...

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Business is Booming—But are You Happy?

Business is Booming—But are You Happy?

See if this describes you: You started out as a solopreneur, but you decided to expand your business. You hired staff members, found a new workspace, expanded your marketing, and increased your sales. Now your business is bringing in many times more revenue than it...

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Does Your Business Need a Fractional CFO?

Does Your Business Need a Fractional CFO?

You might be thinking about bringing on someone to help with the financial side of your business. If you run a large company, your go-to option would a full-time Chief Financial Officer (CFO). This person would help you grow your revenue, manage business cash flow,...

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Business Success During A Recession

Business Success During A Recession

We’ve all seen the warning signs for a while, but now it looks more and more like we’ll see a recession this year. The good news? Many economists are predicting that this recession won’t be as severe as they initially feared. The bad news? Recessions (even mild ones)...

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Let’s Talk About Your Business Debt

Let’s Talk About Your Business Debt

Here's what I know... if you’re in business long enough, eventually you may find yourself in a situation where it makes financial sense to take out a loan. Whether it’s opening a credit line to help with delayed accounts receivables, taking out a...

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