The video below covers a how to increase proitss for solopreneur’s and small businesses. It cover some finance concepts related to – Profit Margin Increase Scale Decrease fixed costs And gets into a lot or operatinal tips on how to increase prices and increase your capacity by automating, delegating and saying no. Check out the Read more about Increase Profits through Operations for a Solopreneur[…]
I have had a lot of meetings with newer entrepreneurs who have a lofty financial target in mind like getting to $10K of monthly sales but don’t really do anything to operationally achieve those goals. Each month they say our target was $10K but our sales were $500 so they get disappointed and frustrated. Maybe Read more about How to Increase Profits through Operations[…]
I frequently see businesses that are not profitable or have small profit. Usually, these owners are burned out and very frustrated and don’t know what to do to fix the situation. Here are some of the methods I use to help them. Heading into 2022 some of these problems are only getting worse including: QBO Read more about How to Increase Profit[…]
Here are some metrics that are good metrics but sometimes business owners rely too heavily on them instead of really trying to improve the business. Having a healthy business means that it is a sellable asset. If you are a startup it will be different than a small business as they have different exit criteria. Read more about 3 metrics you are focusing on that may not help improve your business – Revenue, Profit, Growth[…]
I had the pleasure of being on the Rialto Marketing Podcast with Tim Fitzpatrick. We covered some great topics including – How can people be more efficient with bookkeeping? What do people get wrong when it comes to budgeting and planning? How do companies improve growth, profitability and. cash flow? Here is the Facebook live Read more about Podcast on Bookkeeping, Budgeting and Profitability[…]
Here are my favorite metrics to check when I finish creating a five year plan. These metrics are also great to check for annual budgets or even monthly forecasts. Revenue Growth Year over Year Percentage – Revenue is the key to any business and understanding how it changes year over year gives you insight into Read more about 5 Key Metrics to Check in your Five Year Plan[…]
In this video I explain how to create a 13 week Cash Flow Template, Customer Forecast and AR Forecast. I also share lots of good excel and QBO tips along the way 🙂 If you need help or have questions, Finance Pals would love to give you some free tips and advice over a 30 Read more about How to Create a 13 Week Cash Forecast[…]
In this Regis Innovation Challenge video on Finance for Startups, we will discuss: How Much Money you Need, What you Need to do to Prepare for Taxes Next Year and will also look at How you are Going to Fund your Business. To answer those questions we look at proformas, bookkeeping and funding options. If Read more about Finance for Startups – Proforma, Bookkeeping and Funding[…]
The Coronavirus is out and we are all adopting to zoom calls and helping teach our kids school. The government has come out with lots of programs to help. To us the programs that give you money seem like the best so we are going to tell you how to get money for your business Read more about How to get free money for payroll costs – PPP Covid-19[…]
I was recently working for a company building their financial model to prepare for a series B raise. We started by building a base case, which continues the current trends in a ‘business as usual way.’ We then started layering in a growth case: What if we got additional money for sales or IT projects? Read more about Why you need more than 1 budget[…]