The video, hosted by Dave Wilkins from Wolverine Business Solutions, focuses on the importance of building a “moat” around a business, a concept often used by Warren Buffett to describe a company’s competitive advantage or barrier to entry in the market. Wilkins emphasizes that having a deep and wide competitive

As a business owner, it’s important to define and manage all the business functions that need to be performed for your business to be successful. These functions can be divided into two categories: core functions and non-core functions. Core functions are those that are essential to your business and cannot

Cash flow and income are two important financial metrics for businesses. Cash flow measures the actual amount of money flowing into and out of a business, while income measures the profits that a business generates after all expenses have been deducted. The difference between cash flow and income can be

Return on investment (ROI) is a simple but powerful measure of the effectiveness of your business decisions. It tells you how much value you are getting for your investment of time, money, and effort. In this blog post, we will discuss the importance of ROI and provide some tips on

In this video, David lets us in on a well-kept secret: accounting was never meant to provide you value as a business owner.

The beginning of the year is a great time to review many aspects of your business to find opportunities for growth and avoid unpleasant surprises. Here are 6 areas to review and plan for: Website and social media presence: Does your website and social media presence need refreshing? When was the