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Are you Making Customers Happy?

I recently saw two incidents where a restaurant and a coffee shop lost potential customers.  More importantly they missed a chance to make a customer happy which could have resulted in gaining a loyal customer and word of mouth referrals.  In both cases the customer requests were not anything unreasonable and could have been a Read more about Are you Making Customers Happy?[…]

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How to get free money for payroll costs – PPP Covid-19

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[…]

Multiple Scenarios

Why you need more than 1 budget

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[…]

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StandingOut Podcast with Katrina Padron and Paul Heffner

This is a podcast I did with Katrina Padron who I know from 10.10.10.  Katrina is the CEO of NorthStar HQ and the Co-Founder and CEO of Meet Jointly. We discuss: The beginning of Finance Pals The pros and cons of being an entrepreneur Why people outsource their bookkeeping and should you? The startup community Read more about StandingOut Podcast with Katrina Padron and Paul Heffner[…]

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Crime Scene Finance – Blue Bloods Style

The world of finance is a lot like a crime show.  In both, you need to understand what happened in the past and for certain crimes you also need to understand and predict what will happen in the future so that you can catch the criminal. When a crime is committed,  “responding officers” are the Read more about Crime Scene Finance – Blue Bloods Style[…]

Should I hire a bookkeeper or do it myself?

Which one are You?  “I’ll do it Myself!” or “Here!  Take my Books!” We live in a time where you can find tutorials and how-to’s online for everything and where many people would rather first try to do things themselves and save a few dollars before paying someone else to do it.  The same goes Read more about Should I hire a bookkeeper or do it myself?[…]

What is bookkeeping and why do I need it?

Bookkeeping is the organizing of all of your company’s revenue and expenses. GAAP – generally accepted accounting principles gives the rules to follow.  Most people think it is mainly to help prepare for taxes but it is so much more than that if you are trying to grow your business. facebook live video of why Read more about What is bookkeeping and why do I need it?[…]

Stop Managing your Business by checking your Bank Balance

A very common mistake I see from startup and small business owners is they manage their business by checking their bank account.  This happens because it is a habit we learned from managing our personal finances.  It’s pretty easy to manage your family’s budget by checking the bank balance before and after you get paid Read more about Stop Managing your Business by checking your Bank Balance[…]

Denver Startup Week and Advice for new Entrepreneurs

Finance Pals started unofficially at Denver Startup Week 2015, when I met my first client and offered to do some bookkeeping and financial modeling in exchange for some web marketing help.  It is now 2 years later and I had the opportunity to present at DSW 2017 thanks to Trica Meyer! Here are the 3 Read more about Denver Startup Week and Advice for new Entrepreneurs[…]