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Do You Know Your Numbers? Take The Test!

By SEN Design Group on Nov 15, 2019 9:01:31 AM

5 Minutes. 10 Questions, Take this test to determine your level of financial know-how, and how sufficient
it is to successfully grow your operations into highly profitable small business that, if desired, could
include a chain of kitchen/bath satellite showrooms spilling over into neighboring states.

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Do You Have The Courage To Act On Business Tough Love?

By SEN Design Group on Nov 15, 2019 8:45:08 AM

When asked about the single greatest benefit that he received from critiquing a fellow colleague's
kitchen and bath design business, Gary Case (Rockville, MD) wrote: "It may be that the best way to
learn is to teach. It's also the best way to recognize the in-congruence between the advice you give, and
your own lack of compliance with that advice. Living up to what you advise others to do is then hard to
avoid."

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Best Recipe For Durable Business Success

By SEN Design Group on Nov 13, 2019 11:42:20 AM

Research proves that central to any company’s market dominance is something labeled a “SMaC Recipe” – a “set of durable operating practices that create a replicable and consistent success formula.” Indeed, the word “SMaC” stands for specific, methodical, and consistent. Now design firm owners in our industry may very well be specific in developing their floor plans and contractual documents for clients. But, as a group, they are mostly underdeveloped, reactive, undisciplined, and inconsistent in their business practices.

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Calculating and Understanding The Break-Even Point

By SEN Design Group on Oct 25, 2018 1:51:43 PM

So, you have completed your company’s budget for 2019 – congratulations! The budget gives you a spending plan in support of your revenue goal. And you have also inputted the data into your accounting software package so you can pull an Actual vs. Budget Report every 30 days. This report is a great management tool to keep your business on track to achieve all your financial goals. The most effective businesspeople manage their operations based upon projections and results measured in numbers … not based upon intuition and hope.      

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Using The Break-Even Analysis Year Round

By SEN Design Group on Oct 25, 2018 1:50:49 PM

Most employees probably think their Dealer-Owners are getting rich in this business. Why else would your company need to charge such high prices for a kitchen or bath, right? Now imagine your employees’ response to the news that your company won’t earn Dollar One in Net Profit until it completes $781,277 in projects. That should get their attention!

Topics: Finances
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