If you’ve ever glanced at your bank balance and wondered, “I made money, but where did it all go?” you’re not alone. Managing cash flow effectively is one of the most crucial challenges business owners face. Fortunately, improving your cash flow doesn’t require an accounting degree or endless hours buried in spreadsheets. With a few…
Creating a solid financial plan for your business can feel overwhelming, especially when juggling budgets, cash flow projections, and profitability goals. But what if you could combine these financial tools into one powerful strategy? That’s exactly what a profitability plan does, and it’s one of my favorite methods to help business owners gain clarity and…
As we enter budget season, it’s time to take a hard look at our expenses and find ways to increase profitability without raising prices. Let’s explore a four-step process that can help you identify and eliminate unnecessary costs from your business. Understanding the Importance of a Cost Audit Before we dive into the steps, let’s…
Creative thinkers like you can’t help it! You love that zone – the ideas are flowing, the images are popping, and the phrase, “let’s try this” is on repeat. Satisfaction feels new… every time you say, “That’s it – let’s go with these!” Because you’re taking such good care of your clients, your business is…
Last week I introduced you to my 4 Financial Pillars of Success™. If you recall these pillars are what I believe are the foundation for your businesses financial success. Last week we talked about pillar one which was Financial Record Keeping. Today we are going to discuss pillar two which is Financial Management . This pillar…
The first month of the year is over and now it’s time to compare how you did last month. But you can’t because you don’t have anything to compare to since you haven’t yet completed your budget for the year. It is important that you prepare a budget, no matter how small or large your business…
Running a business mean you are constantly running around doing everything in your business. That’s what CEO stands for – Chief Everything Officer. In order to manage it all you need to have a workflow within every department; not just your operations. That is where many business owners fail. They create processes around their main…
One of the main challenges service based business owners have is determining their profitability on a client by client basis. Especially when some of their costs needs to be spread over all of their clients. It’s a calculation the average bear won’t know or understand how to calculate. But it is a necessity, if…
Managing cash flow is no easy task. Especially when you are trying to run a growing business. There are so many things to think about, such as managing staff and running the operations. And not to mention the ongoing business development. So how do you keep your cash flow tight and in the black? Well…
Maintaining a profitable business is no easy task. At least that’s what many business owners think. Often it is assumed that profitability is some pie in the sky that is hard to reach unless you have a big business. Well I am here to tell you that that’s false evidence appearing real. Yep FEAR! Fear…
