We are coming to the end of the quarter. So how did your Company do? At New Economy, we hit our measurables of revenue of $614K, gross profit of 50%, and net profit of 12%. Also, we hit 80% of our rocks. These are the top priorities for us in the quarter. What did you […]
We all know financial statements are important. Really important. But why and how do we get there? We believe that financial statements are important because they can be used to help you make smart decisions to build and grow your business. It is really that simple. But getting there is where we see most businesses […]
Having the right accounting and finance team is important. Really important. Why? Contrary to popular belief, your accounting team is not just overhead. You need timely and accurate financial information to make smart decisions to build and grow your business. At New Economy, we think about the right seats needed to support the accounting department […]
Having financial statements is important. Really important. Think about the dashboard in your car. You have many gauges and lights that tell you different things going on in your car. For instance, you have a gas light. If the gas light is on, it’s a warning that you need to fill up your gas tank. […]
We were recently asked a great question by an entrepreneur on a customer discovery call. Their question was “ What tools should my business have in place to help me see into the future ?” By way of background, this is a Small Business in the service industry with 18 employees and doing about $3.5M […]
Creating a compelling vision for your Company is extremely important – and it does not have to be complicated or overwhelming. At New Economy, we have leveraged 8 questions to help us wrap our arms around our overall vision and strategy. In our first post, (see link here) we covered the first 4 questions: What […]
First off, we would like to say that culture eats strategy for lunch – but that post is for another day. At New Economy, and in terms of strategy, we believe a big part of our success has been in creating and communicating compelling visions for our team. We invest lots of time in getting […]
Who doesn’t want to make more money? We believe that every business owner should be compensated appropriately for their efforts. And every business owner should decide for themselves what the right amount of compensation is for them. Is it $100,000, $1,000,000 or even $10,000,000 per year? So if you want to make more money this […]
We run on EOS. It has been game-changing for us. Our vision is clear, our team is aligned with the values and missions, and we are creating a culture that is open to new ideas and discusses challenging issues. The result is we have been able to 3x the business. In other words, we are […]
New Economy runs on EOS. We successfully graduated from a full implementation of EOS with a hired implementer back in 2020. The system has been instrumental in allowing us to build our team, systems and processes, and create company alignment around mission, vision, and values. It’s also helped us support our 3.5x revenue growth since […]
There is an old saying, “Time flies when you are having fun”–and the end of the year is approaching quickly. Here at New Economy, we are having a blast. Our team and culture are healthy, many of our customers are thriving and we are on track to hit our financial targets and annual goals. It’s […]
A small business budget is like a treasure map. Yup, you heard that correctly. Just think of Jack Sparrow in the Pirates of the Caribbean. Many entrepreneurs and business owners can communicate where they want to be at some point down the road. For many, that is obtaining the treasure i.e. achieving goals and financial […]
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