Spotting Hidden Costs: Four Ways to Reclaim Profit in Your Business In today’s blog, we’re looking into an important aspect for home service businesses: *hidden costs*. These are those expenses that might seem minor but can add up significantly, draining your business’s profitability over time. Identifying and managing these costs can help you reclaim profit without

Case study: Challenges Faced by Tim, a Plumbing Business Owner Hi, welcome to this week’s episode of Nail the Numbers. Excited to talk to you this week about Tim. So last week we talked about Steve. So Tim has got a little bit of similar problems, but he hasn’t been in business for as long

Case study: How Steve turned his struggling HVAC business into a profitable, stable operation using 4 cash flow strategies Steve owns a small but growing plumbing company that has been operating for three years. As the sole owner and manager, Steve is dedicated to growing his business but is wearing so many hats right now he

Why Knowing Your Profit is Essential for Your Success Welcome to the Nail the Numbers blog!   I’m Kerry Postel, the proud owner of Abacus Business Solutions, where our mission is to help business owners know, understand, and trust their numbers. Today, we’re taking a step back to revisit the basics and discuss a topic

Mastering the Multitask: A Business Owner’s Guide to Sanity Hello, fellow entrepreneurs! Let’s dive into a topic that hits close to home for many of us: the multifaceted role of a business owner. Picture yourself seamlessly transitioning from finance to customer service, then to marketing, all before lunch. It’s a familiar scenario for us, the

Building a Reserve Fund: Your Business’s Safety Net In the unpredictable world of home service businesses, having a reserve fund isn’t just good practice—it’s essential for survival and growth. Much like a safety net under a tightrope walker, a reserve fund provides financial security and peace of mind, allowing you to navigate through unexpected challenges