I recently did a workshop on budget and finance. The first part of the day we talked about the importance of a budget and how to make a budget. And we actually built a budget for each person. The second half of the day we focused on finance and understanding your financial statements. When we…
If you have never heard me say it before you will hear it now. I LOVE TECHNOLOGY! I absolutely do. So when I discovered that I could use other software apps to help run my business and create efficiency too, I wanted to implement them all. But there are so many. I couldn’t implement them…
I am sure by now you have heard time and time again that it takes hard work and consistency to grow your business. So what do you do when you finally get that client or contract or project that will catapult your business into a new stratosphere? A project that is so big that…
One of the most often asked questions I get is “what is the difference between cash and accrual.” Most small business owners DO NOT understand the difference – even after I explain it. It is one of the most confusing topics amongst them. So let me see if I can help a little bit.…
It continues to amaze me how many businesses don’t want to create a budget. They would rather operate their business blindly than to create a profitable plan so they can prosper in the upcoming year. Not having a budget can cost you a lot of time and money. Unnecessary time and money. So I am…
We are all in business to make money right? But we are not in the business of paying Uncle Sam. We want to keep as much of our money as we possibly can, especially from him. So as a small business owner, what do you do? You learn the difference between cash basis and accrual…
Every year a gazillion tax preparers and tax accountants lock themselves in a room from mid-January until April 15th and push out as many tax returns as they possibly can. Tax returns that show you how much money you owe Uncle Sam or how much he owes you if you’re lucky. Included with your return,…
Every person in the world feels that they do not have to do right by the tax man. So why would you think someone running a business would be any different? Every day business decisions are made that revolve around cash flow and who always gets the short end of the stick? The owner’s salary…
Everyday we wake up and go to the office to earn a paycheck. Whether it’s a paycheck as an employee or a paycheck as the owner of our own company. Our goal is to make income/money so that we can support our families. And maybe even a little entertainment as well. All work and no…
In order for your business to grow you need to be monitoring your metrics. You cannot expect your business to magically take flight if you have no idea what is going on in it. And by going on I don’t mean just in operations because that is just one side of the house. You need…
