workflow

Be the Black Sheep

Be the Black Sheep

“The United States exhibits wider disparities of wealth between rich and poor than any other major developed nation.” – Institute for Policy Studies I’m sometimes the oddball, the black sheep, in my family. And while it can be trying at times, there are also many benefits to being different. I’m not a Bill Gates, but just LOOK at the chart below. He and two others, combined, are worth more than the poorest half of Americans! If those results don’t scream “black sheep”, I don’t know what would!! Being different has obviously served them well, and it has served me well too. It’s WHY I continue to direct your attention to Profit First!   Profit First changed the face of MY business and MANYof the businesses for whom I provide consulting and accounting services. True, it isn’t always easy being different, but when you can apply this alternate way of doing things to your finances… you only stand to gain, as we have. If you’ve ever read the book Profit First by Mike Michalowicz, you probably related to his opening statements about being a Dr. Frankenstein, because like Mike, you’re “Stitching together a business with nothing but a great idea, your unique Continue Reading »

Goals | Are they just wishes in disguise?

Goals | Are they just wishes in disguise?

I have a confession – I despise setting goals.  I read somewhere that you should set goals beyond what you think you can achieve.  And if you reach 70 or 80% of that measurable goal, you’ve succeeded. HUH? In my brain, that means I am constantly striving for the unattainable or I haven’t pushed myself enough.  Why would I want to run a race I cannot win? Consequently, goal-setting has always felt like pie-in-sky wish-setting. Recently, I was listening to a podcast by one of my favorite authors, Hal Elrod, and had a eureka-moment about this very subject.  Geoff Woods, the vice president of The ONE Thing was his guest. Goeff states that: Most people think that the only reason to set a goal is to achieve a desired result.  Yep – I’m right there. But, then he had this to say: “The purpose of a goal should be a dictator of your actions. They should inform the person you can become so you can earn the right to achieve those types of results. And this goes hand in hand with the biggest mistakes.  Most people, because they believe that the purpose of a goal is to achieve a result, Continue Reading »

3 systems to start this spring!

3 systems to start this spring!

Spring is one of the most energetically charged seasons! There’s a lot of movement going on, for entrepreneurs, and outside in nature. Everyone is coming out of hibernation and gearing up for a fresh new look both inside and outside the home. It’s no surprise then, that the business line is ringing more than usual and you are already feeling a bit behind. Now is the perfect time to get a hold of some good work-flow and internal systems to help aid you in the kick-off season! Here are 3 important systems you can use to do just that! QuickBooks Online – With QBO software you’ll never have to guess how much money you actually have in the bank. This powerful tool allows you to create financial reports, keep an eye on expenses and analyze overall profitability. …but only if you keep it orderly. It isn’t enough to have the software. Like everything else, it must be maintained for you to fully realize its value. 2. Profit First – A cash management methodology utilizing bank balance accounting, created and proven by Mike Michalowicz. Using this method allows business owners to put their “Profit First”, while still driving revenue. The great Continue Reading »

Spring Cleaning – Habits & Impulse Buying

Spring Cleaning – Habits & Impulse Buying

Except for the cleaning part, spring is pretty great. More flowers. More wildlife sightings. Fresh air. More cash in the bank and April showers bring May flowers! Life feels pretty good beyond the stagnant winter months, as cash gets flowing again. Boy! Wouldn’t it be great if every day were spring! Knowing the off-season will eventually come back around, I encourage you to take this opportunity to do the spring cleaning that often gets overlooked: Dust off the good money management habits Impulse buying is for the birds Clean out the junk drawer of seasonal debt Just as you would dust a shelf, throw out old rubbish, or organize your supply locker, now’s the time to spring clean your habits and impulses around money. Be deliberate and discerning about expenses and how you may stretch the dollar while more dollars are coming in. Having a “rainy day fund” is not just an old adage. Plan ahead and implement now while things are looking up. Here are a few tips to get you started: Follow a strict budget for each job you’re managing. Run weekly reports “budget vs actual” to stay on track with profit Set a financial goal for the Continue Reading »