Donna Marie Thompson

PhD, MBA, CPA, CPC, MP-ELI, C-NLP

Free

Small Business Profitability, Business Consulting, Cost Cutting, Proft Margin, Proft and Loss, Strategy, Performance Management, Problem Solving, Decision Making Expert

Donna Marie Thompson

Donna Marie Thompson Quick Facts

Main Areas
Small Business Profitability, Business Consulting, Proft Margin, Proft and Loss, Productivity, Performance Management, Problem Solving, Decision Making
Best Sellers
3 Profit Pitfalls
Career Focus
Speaker, Entrepreneur, Business Consultant, Trainer, Author
Affiliation
Busienss Bottom Line Radio, National Speakers Association, Professional Woman Network, E-Woman Network

Donna Marie Thompson, PhD is a Small Business Profitability Expert and Founder of http://www.ExpertProfitSolutions.com. She is two-time best-selling author who has spent most of her career in international management consulting. As a successful business consultant, Donna Marie has consistently helped businesses meet their profit targets under challenging circumstances.

She was a Director at PricewaterhouseCooper’s Consulting, and has worked at Booz Allen, as well as local consulting firms. This wide range of experience in businesses of all sizes uniquely qualifies Donna Marie to guide you to discover the hidden profits in your small business.Entrepreneurs are so busy in the details of their business they often don't take the time to boost profitability and profit margins, to improve decision making and problem solving, and to focus on performance management.

Donna Marie earned a PhD from George Washington University, an MBA from Virginia Polytechnic Institute, a CPA in the State of Maryland, and is a Master Practitioner of the Energy Leadership Index.

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Donna Marie Thompson Books

Articles by this expert

SelfGrowth articles and saved writing connected to this expert.

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Your Joy is a Lot Closer tha You Think: Find Your Joy Now “Most folks are about as happy as they make up their minds to be.” Abraham Lincoln Sometimes it seems that there isn’t much within our control – but we can control what is playing in our heads. You have the power to experience joy – you can change the channel. Think about something that is very special to you, it could be: an event: (birth, graduation, wedding), a special person (child, a spouse, a friend),a pet, a painting, a sunset – something wonderful that fills your heart. Happiness is on the way.

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“When you have come to the edge...and are about to drop off into the darkness of the unknown, Faith is knowing...that there will be something solid to stand on -- or you will be taught how to fly.” Patrick Overton When life’s circumstances seem overwhelming, when life has got us down, we often wonder: “Why is this happening to me now?” We are confused. We question our possible role in the situation. Did our behavior directly or indirectly cause this? Or is this due simply to a random series of events? Why is it that we seem to encounter similar difficulties over and over?

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“Integrity is not so much a value in itself; it is rather the value that guarantees all the other values. “ Anonymous Your core values govern the way you live and the way you respond to life. They govern the way you react to situations that present themselves. Your core values help to guide your decision making. They govern the way you react to your friends and to your non-friends. We are in harmony when we act in alignment with our core values. We can consciously act outside of our values. This brings on dissonance because our true values are still there at our core.

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“To forgive is the highest, most beautiful form of love. In return, you will receive peace and happiness.” Robert Muller Often when we are wronged we hold on to the hurt. We own it – it is our hurt and we do everything we can to keep it. In the early stages, we use this as a coping mechanism to protect us from further pain. But as time wears on we tend to hang on to the wrongs with pit-bull tenacity – just a little too long for our own good. A better course of action is the act of forgiveness.

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With protect profits always top of mind, small business owners are advised to be vigilant against possible threats and adversity. Adversity is a potential problem for a small business. You’re not sure where it came from, how much it will cost, and when it will end. Left unchecked it can undermine gross sales and eventually profits. But prepare yourself; because adversity or bad PR of any type is almost unavoidable somewhere along the line.

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As a small business owner focused on profits, looking at your daily to-do list can find you loaded down with many issues to tackle during your day. This can take you far off your primary profit course if you let it. After all, you have to handle customer service issues, respond to potential business ventures, deal with your team – and you have to be on your best game and impress your customers or clients with the best possible product, delivered with impeccable service, in an overall friendly environment, every day.

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As a small business owner, profits mean having superb skills in your line of business. This is definitely a big asset, but sadly not enough to create success. The plethora of competition and the turbulent markets add tremendous obstacles to making it big.

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The reality is that most of us in small business today barely make it through the top 20% of our to-do lists. We get tangled up in issues, emails, phone calls, drop-ins…the list is endless. We severely strain our relationships, miss important life events, and generally take care of ourselves last. Stress builds and builds. Life starts to seem out of control, not even close to what we dreamed of when we started our small business. Surely, something has to give, but what? Where to start?

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One of the everyday realities in small business is “Negotiating.” It’s a necessity for all small business owners who, whether you love it or hate it. Negotiating a new deal, the price of an item you need to purchase, payroll and contractor issues, deadlines, service arrangements, a joint decision with a client and a myriad other items bombard you all day long. Why not get out of in front of it? As a matter of fact, the sooner you master Negotiating, the more profitable you will be.

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Way back when you first conceived the vision for your small business, you definitely projected your future to be very profitable. If you haven’t reached that target yet, could it be partly because you’ve missed opportunities along the way? Thomas Edison said that "Opportunity is missed by most people because it is dressed in overalls and looks like work." When buried in the minutia of the ever bulging to-do lists, opportunities are missed because they seem so similar to the endless tasks of your projects lists.

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“I have learned the novice can often see things that the expert overlooks. All that is necessary is not to be afraid of making mistakes, or of appearing naive.” (Abraham Maslow) One of the most frequent reasons I hear from business owners to not get started on boosting profits is, “I hate numbers.”

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There are two common myths about running a small business that are simply not true. One is the myth of working harder and the other is the myth that changing everything is needed in order to increase your profits. Let’s take a closer look at these two myths and bust them one by one.

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Favorite Quotes & Thoughts from Donna Marie Thompson

Just Say No to the Status Quo TM

In a small business, there are almost always more “potential” profits. Generally they are hiding in plain sight. How do you find them and maximize them for your company? There are many places in your business if you know where to look for them.

Contacting Donna Marie Thompson

Email: Donna@ExpertProfitSolutions.com

Website: http://www.ExpertProfitSolutions.com

Twitter: ExpertProfits

Facebook: Donna Marie Thompson

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Small Business Proftability expert

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