One of the questions I get most often is “can you send me the most recent financials.” Even though we are using QuickBooks Online and working in a collaborative environment, clients still ask me this question. Even when I am training on QuickBooks and I ask “what is one thing you want to get out…
Tracking employee time is an absolute must. It is the biggest expense in any business and for that reason needs to be monitored closely. Many businesses experience project losses due to poor time management; and that leads to a loss of profits. And let’s face it profit is the name of this game. Now while…
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…
To own and operate a business means being involved in every aspect of that business. As the owner you are the COO and the CEO. You must understand how the front office, or operations of the business, run and the back office. You don’t necessarily need to work in the back office but you need…
Profit (n.): the excess earnings over expenditures you make from providing services or selling products Breaking Even (adj.): the point or level of financial activity at which expenditures equal income; no profit or loss Is your business making a profit? Most people truly believe they are. But if they were to sit down and really…
