"Profit First" is a hugely popular financial management system and book written by Mike Michalowicz. I’m not going to go into too much detail about the system here as there are plenty of other articles about it on the internet. You can find a good summary from one of...
No matter what stage your business is in – startup, early growth, scaling up, or preparing for exit – accounting is critical to your success. In fact, accounting can be a competitive advantage and an engine for growth. But for most companies, it’s far less than that. ...
Does business pricing strategy play a major role in your profit goals? Profit is the goal for every business. In its simplest form, net profit is determined by subtracting expenses from revenues. A profitable business is well-poised for future growth, securing loans...
Accounting services for businesses are often seen as a necessary evil just to endure and delegate as quickly as possible. But what if accounting solutions were a powerful partnership, helping you unlock greater profitability and knowledge of your business? The problem...
Are Your Monthly Financial Reports Guiding Toward Your Goals? As we enter 2023, you have most likely defined financial goals for your business to achieve in the new year. It may be a revenue target, or employee headcount, or even a cashflow target from profitability....
Is your business gaining the benefits available from automated bookkeeping? Bookkeeping equals a chore in your mind, right? Keeping up with transactions and expenses is a needful process in any fundamentally-strong business. But too many think of it as a reactive game...
Cash flow is the lifeblood of every business. It’s the fuel that drives growth. When it sputters or stalls, it can put your entire enterprise at risk. In the agency world, there are a few reasons for cash flow issues: Not enough profits to sustain positive cash...
Your annual plan is your company’s “North Star” for the following year. Its core function is to provide every decision-maker with an actionable framework to make decisions. The challenge many organizations face comes in the way of deciding what KPIs to measure. There...
There is no shortage of content available online that tells you which KPIs are better to track in your business, which you should avoid, and even how to calculate each one of these metrics. However, there are nearly as many resources showing you the day-to-day...
Next year promises unpredictable economies and potentially unsavory performance. Both of which mean sound business fundamentals and cash management are on everyone’s mind. What better time to think about getting your business in order than when creating the budget...
People think they can plug their QBO or Xero into a financial dashboard app and BAM! It's magically going to give them all the answers to run their business. The true value of dashboarding is to visually display KPIs (Key Performance Indicators)...meaning agency...
Companies need up-to-date financial records and a strong team to succeed. Yes, for all of the typical reasons. Reasons like a solid foundation, good cash flow, and proper tax planning. But it’s more than these. Sound records and reporting are vital to all internal...