Ali

Financial Metrics every business owner should know:

“Yesterday’s home runs don’t win today’s games.” – Babe Ruth

"I never dreamed about success. I worked for it.” – Estée Lauder

“Almost everything worthwhile carries with it some sort of risk, whether it’s: • Starting a new business • Leaving home • Getting married • or flying into space.” – Chris Hadfield

Stop waiting for the perfect moment The only perfect moment is the one where you decide to take action

“Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau

The only thing standing between you and success is consistency Show up every day and do the work

"Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don't quit." – Conrad Hilton

Before making an investment, ask yourself: ‘What’s the downside?’ Understanding risk is just as important as chasing returns

"The way to get started is to quit talking and begin doing." – Walt Disney

A friendly reminder when you're hiring a new employee: Take into account the total cost of the hire, not just the salary. This includes: 1. Salary 2. Benefits 3. Taxes

"The only place where success comes before work is in the dictionary." – Vidal Sassoon

For seasonal businesses, like landscaping, summer camps... It’s critical to budget for the off-season 1. Keep cash reserves handy 2. Lower your expenses to the lowest possible amount

“To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game.” - Robert Kiyosaki

A reminder about being right in investing: “In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” - Peter Lynch

"Money is made by sitting, not trading." – Jesse Livermore

As an accountant, you get to see the financials for a lot of businesses Most people assume that a big business is a good thing... But the most profitable businesses aren’t the biggest

“All you need for a lifetime of successful investing is a few big winners, and the gains from those will overwhelm the losses from the stocks that don’t work out.” - Peter Lynch

Don’t focus on perfection—focus on progress Get better every day, and success will follow

"Success is not final; failure is not fatal: It is the courage to continue that counts." – Winston Churchill

Giving clients excessive discounts is a sure way to eventually hate the work you do