--- title: The Ignite Spot Blog | Eddy Hood description: My name is Eddy Hood. I've coached over 500 businesses on how to become more profitable. I'm the Founder & CEO of Ignite Spot, and I have mad parallel parking skills. --- Call us at[1-855-694-4648](tel:1-855-694-4648)             [![squareyoutube_copy](https://www.ignitespot.com/hubfs/2021_IgniteSpot/YOUTUBE.png "youtube")](https://www.youtube.com/channel/UCimfeJCvdyYVasnJCdMQhsw) [![facebook](https://www.ignitespot.com/hubfs/2021_IgniteSpot/FACEBOOK.png "facebook")](https://www.facebook.com/ignitespot/) [![IgniteSpot_logo](https://www.ignitespot.com/hs-fs/hubfs/2021_IgniteSpot/IgniteSpot_logo.png?width=187&height=72&name=IgniteSpot_logo.png "IgniteSpot_logo")](https://ignitespot.com) [![IgniteSpot Logo](https://www.ignitespot.com/hs-fs/hubfs/2021_IgniteSpot/IgniteSpot_logo.png?width=187&height=72&name=IgniteSpot_logo.png) ](https://www.ignitespot.com/) Menu ☰ # The Ignite Spot Blog Gain clarity on your financial position to increase your profitability and grow your business. Get the financial reports and expert accounting advice you need to make better business decisions. Browse by topic All Topics Bookkeeping Basics Business Taxes Featured Financial Strategies News & Updates Profitable Business Leader Subscribe to our blog [![You're Over-Analyzing: Stop Measuring EVERYTHING and Start Measuring What Matters](https://www.ignitespot.com/hs-fs/hubfs/AI-Generated%20Media/Images/a%20Claymation%20business%20owner%20reading%20a%20white%20book%20that%20has%20the%20titles%20Measure%20What%20Matters%20the%20business%20owner%20is%20in%20an%20office%20with%20messy%20graphs%20and%20charts%20all%20over%20the%20walls%20that%20he%20previously%20used%20to%20care%20about%20before%20reading%20this%20book%20There%20are%20now-1.jpeg?width=800&length=800&name=a%20Claymation%20business%20owner%20reading%20a%20white%20book%20that%20has%20the%20titles%20Measure%20What%20Matters%20the%20business%20owner%20is%20in%20an%20office%20with%20messy%20graphs%20and%20charts%20all%20over%20the%20walls%20that%20he%20previously%20used%20to%20care%20about%20before%20reading%20this%20book%20There%20are%20now-1.jpeg) ](https://www.ignitespot.com/blog/youre-over-analyzing-stop-measuring-everything-all-and-start-measuring-what-matters) Outsourced Accounting Services ## [You're Over-Analyzing: Stop Measuring EVERYTHING and Start Measuring What Matters](https://www.ignitespot.com/blog/youre-over-analyzing-stop-measuring-everything-all-and-start-measuring-what-matters) March 19, 2025 Are You Measuring the Right Numbers in Your Business? 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But if you’re finding that your business’s cash balance is smaller than you’d like,... [Read More](https://www.ignitespot.com/blog/why-your-business-is-failing-to-save-money-the-harsh-truth-about-entrepreneurial-finances) [![How to Raise Prices Without Scaring Away Customers: The 3E Framework](https://www.ignitespot.com/hs-fs/hubfs/AI-Generated%20Media/Images/a%20customer%20looking%20at%20an%20invoice%20with%20shock%20with%20googly%20eyes%20popping%20out%20of%20their%20head.jpeg?width=800&length=800&name=a%20customer%20looking%20at%20an%20invoice%20with%20shock%20with%20googly%20eyes%20popping%20out%20of%20their%20head.jpeg) ](https://www.ignitespot.com/blog/how-to-raise-prices-without-scaring-away-customers-the-3e-framework) PROFITABLE BUSINESS LEADER ## [How to Raise Prices Without Scaring Away Customers: The 3E Framework](https://www.ignitespot.com/blog/how-to-raise-prices-without-scaring-away-customers-the-3e-framework) October 30, 2024 Raising prices as a business owner may seem daunting and scary, but it doesn't have to be. This might be the last item on your list for this year... [Read More](https://www.ignitespot.com/blog/how-to-raise-prices-without-scaring-away-customers-the-3e-framework) [![Do These Two Things for Growing a Business to AVOID Bankruptcy](https://www.ignitespot.com/hs-fs/hubfs/Ego.png?width=800&length=800&name=Ego.png) ](https://www.ignitespot.com/blog/do-these-two-things-for-growing-a-business-to-avoid-bankruptcy) Decisions Based on Data ## [Do These Two Things for Growing a Business to AVOID Bankruptcy](https://www.ignitespot.com/blog/do-these-two-things-for-growing-a-business-to-avoid-bankruptcy) October 16, 2024 There is a catastrophic problem that is causing businesses to fail financially in this economy I'm going to tell you what I'm seeing, how to identify... [Read More](https://www.ignitespot.com/blog/do-these-two-things-for-growing-a-business-to-avoid-bankruptcy) [![The Inflation Storm: How It Affects Your Small Businesses and 5 Survival Tips](https://www.ignitespot.com/hs-fs/hubfs/Inflation%20Storm.webp?width=800&length=800&name=Inflation%20Storm.webp) ](https://www.ignitespot.com/blog/the-inflation-storm-how-it-affects-your-small-businesses-and-survival-tips) Forecast ## [The Inflation Storm: How It Affects Your Small Businesses and 5 Survival Tips](https://www.ignitespot.com/blog/the-inflation-storm-how-it-affects-your-small-businesses-and-survival-tips) May 13, 2024 Inflation, the silent beast that lurks in the shadows of economic landscapes, can wield significant impacts, particularly on small businesses. As... [Read More](https://www.ignitespot.com/blog/the-inflation-storm-how-it-affects-your-small-businesses-and-survival-tips) [![10 Signs Your Business Accounting System Needs an Overhaul](https://www.ignitespot.com/hs-fs/hubfs/Blog%2080%2010%20Signs%20Your%20Business%20Accounting%20System%20Needs%20an%20Overhaul.png?width=800&length=800&name=Blog%2080%2010%20Signs%20Your%20Business%20Accounting%20System%20Needs%20an%20Overhaul.png) ](https://www.ignitespot.com/blog/10-signs-your-business-accounting-system-needs-an-overhaul) Outsourced Accounting Services ## [10 Signs Your Business Accounting System Needs an Overhaul](https://www.ignitespot.com/blog/10-signs-your-business-accounting-system-needs-an-overhaul) April 29, 2024 Mastering the art of accounting is akin to discovering a treasure map to real wealth in the entrepreneurial journey. Yet, for many business owners in... [Read More](https://www.ignitespot.com/blog/10-signs-your-business-accounting-system-needs-an-overhaul) [![The 6-Month Rule: Making Financial Decisions That Drive Growth](https://www.ignitespot.com/hs-fs/hubfs/Blog%2079%20The%206-Month%20Rule%20Making%20Financial%20Decisions%20That%20Drive%20Growth.png?width=800&length=800&name=Blog%2079%20The%206-Month%20Rule%20Making%20Financial%20Decisions%20That%20Drive%20Growth.png) ](https://www.ignitespot.com/blog/6-month-rule-for-growth) FINANCIAL STRATEGIES ## [The 6-Month Rule: Making Financial Decisions That Drive Growth](https://www.ignitespot.com/blog/6-month-rule-for-growth) April 17, 2024 As entrepreneurs, especially those of us who navigate the tumultuous seas of business development with a do-it-yourself ethos, making decisions that... 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