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Eddy Hood

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.
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Recent Posts

Business Tips From Benjamin Franklin

BY Eddy Hood IN Profitability ON Jun 14, 2016 WITH Be the First to Leave a Comment!

Benjamin Franklin was quite the Renaissance man. Author, scientist, inventor, and oh yeah—Founding Father of our country. It’s amazing the things a guy could accomplish before Netflix came along and got in the way!

Seriously though, this man knew his stuff, especially in the world of business and personal finance. We took a deep dive into old Ben’s archives and found a wealth of business intel that still rings true today.

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5 Financial Metrics of Your Company's Health

BY Eddy Hood IN Profitability ON Jun 08, 2016 WITH Be the First to Leave a Comment!

As an entrepreneur, there are a few financial metrics I want you to pay attention to each month as your financial statements come out.  These five numbers will tell you if your company is healthy or headed towards a financial slump.  To learn about them, watch the video below: 

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Are Business Coaches Worth The Cost?

BY Eddy Hood IN Profitability ON Jun 07, 2016 WITH Be the First to Leave a Comment!

Have you ever thought of hiring a business coach? A lot of entrepreneurs entertain the idea, but are they worth it? A good business coach can be expensive, and for the small amount of time you get, it makes sense that we question their value.  I have a business coach, and yes, he is worth every penny.  But not all coaches are created equal.  Let's check out this week's video before we dive into this topic: 

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How To Start a Business When You're Scared

BY Eddy Hood IN Profitability ON May 24, 2016 WITH Be the First to Leave a Comment!

Starting a new business is scary for just about anyone, but it's also one of the greatest and most exhilarating experiences ever.  In today's video, I talk about how to manage your fear and start that company.

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10 Money Making Habits

BY Eddy Hood IN Profitability ON May 20, 2016 WITH Be the First to Leave a Comment!

Wealthy people have wealthy habits.  In this video, we talk about 10 money making habits that you can implement right now.

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QuickBooks Online 2016 Tutorial - Setting Up The Free Account

BY Eddy Hood IN Profitability ON May 18, 2016 WITH Be the First to Leave a Comment!

Today marks the first video of our QuickBooks Online 2016 tutorial.  In total, there will be 24 videos to this series.

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How to Price Your Product Like a Genius

BY Eddy Hood IN Profitability ON May 17, 2016 WITH Be the First to Leave a Comment!

One of the toughest questions an entrepreneur faces is how to price a product.  Go to low, and you'll leave money on the table.  Go to high and you'll scare all of your buyers away.  In today's video, I talk about how to tackle this one head on.

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Why You're a Cash Broke Entrepreneur

BY Eddy Hood IN Profitability ON May 13, 2016 WITH Be the First to Leave a Comment!

I spend a lot of time looking at the financial statements of businesses around the country.  A lot of them have one thing in common: poor spending habits of the CEO.  His or her habits determine the cash potential of the company.  Here's why. 

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Download Our Cash Flow Forecast In Excel

BY Eddy Hood IN Profitability ON May 12, 2016 WITH 1 Comment

It's an exciting day at Ignite Spot.  We're launching a free cash flow forecast in Excel that you can download instantly.  Check it out.

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7 Things I Will Not Tolerate

BY Eddy Hood IN Profitability ON May 10, 2016 WITH Be the First to Leave a Comment!

In life, you achieve whatever your lowest expectation is.  If you don't expect much, then guess what, that's what you're going to get.  In this video, I talk about the little evils that creep up in our day-to-day businesses that we learn to tolerate over time.  

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