How often are you taking the time to review the accounts in your business and why is it so important to make this part of your regular routine? Many business owners today often forget about the importance of reviewing the accounts for their business, or simply don’t have the time. In this video I discuss […]
Why review the accounts for your business?
Many business owners today often forget about the importance of reviewing the accounts for their business, or simply don’t have the time. I had a client recently whose bookkeeper merely captured the totals into each expense for the month. What this meant was that when we actually reviewed the accounts and printed out the general […]
3 steps to increase cash flow in your business
We would all enjoy increased cash flow in our business, right? However, this is confusing to many business owners who often have no idea of where to start. The first step to improving cash flow is to make sure you are earning the right margins on the product or service that you provide. Examine the […]
How do I overcome ‘Missing Link Syndrome’?
Every business spends money on either a bookkeeper or an accountant and in some cases, both. So, why do 87% of businesses fail because they don’t understand their numbers? This is what I call the ‘Missing Link Syndrome’. The missing link is you, the business owner. The information you are missing is what is happening […]
How do I increase profit with limited time available?
If your small business falls under the service based industry category and are charging by the hour, increasing profit can often present challenges. There are two aspects to profit: the first is your income, and the second is the expenses you deduct from that income to get your profit. I spend a lot of time […]