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Tag Archives: cash flow

4 Questions Busy Interior Designers Must Answer to Create Wealth

Financial Management, ProfitabilityBy Sherrell T MartinSeptember 9, 2022Leave a comment

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…

Financial Management – The Second Pillar of Financial Success

Financial ManagementBy Sherrell T MartinJuly 8, 2016Leave a comment

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…

3 Reasons Why You Need A Budget In Your Business

BudgetingBy Sherrell T MartinFebruary 16, 2016Leave a comment

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…

How to Create an Accounting Workflow That Will Increase Your Cash Flow

Cash Flow, Cloud AccountingBy Sherrell T MartinOctober 19, 2015Leave a comment

 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…

#1 Reason Why You’re Not Turning a Profit on Each Client

ProfitabilityBy Sherrell T MartinOctober 14, 2015Leave a comment

  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…

Number 1 Reason You Have No Cash Flow

Cash FlowBy Sherrell T MartinAugust 31, 2015Leave a comment

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…

3 Reasons Why Your Business Is Not Profitable

ProfitabilityBy Sherrell T MartinAugust 11, 2015Leave a comment

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…

3 Steps to Managing Your Money From BIG Contracts

Financial ManagementBy Sherrell T MartinJuly 20, 2015Leave a comment

  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…

How To Use Budgeting To Save Your Business

Budgeting, Financial ManagementBy Sherrell T MartinMay 24, 2015Leave a comment

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…

Metrics That Boost Your Bottom Line

Cash Flow, Financial ManagementBy Sherrell T MartinFebruary 17, 2015Leave a comment

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…

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