Growing change with food and agriculture entrepreneurs
A note from Julia:
Far and away, my favorite task every month is invoicing. Of course, I love my work, helping entrepreneurs grow and succeed in their businesses. But there’s also something very rewarding about seeing how my business is growing. Deep down, I’m really an entrepreneur, too.
Then I like to geek out on the numbers. This month, I was pleased to see that revenue was up 27% compared to February last year. I looked at what the changes were: new clients and new projects. So I ask myself: how can I replicate this next year, and even do better? Then I looked at my net profit (what was left after I paid all my expenses) –– which was not as impressive, only up 2%. Again, I asked: why? As I scroll through my expenses, I see that payroll has increased significantly, the result of hiring and training a new employee. It will be interesting to see if I can get more productivity out of payroll next month. Will the training pay off?
Some of my clients hate invoicing. I never understand that. Without invoicing, you can’t get paid. No payment, no cash. And as we all know, “cash is king”. Not to mention there’s a missed opportunity to understand your business.
Are you an entrepreneur who hates invoicing? I’d love to hear why… drop me a line. Perhaps we can figure it out together – how to make the end of the month your favorite time too.
Wishing you continued and sustained growth!