Changing Bookkeeping Services Like You Change Your Underwear
Have you said of these things before? I’ve changed bookkeepers five times in the last few years. I just can’t seem to get the financial information I need quickly enough. Bookkeepers are the same, they don’t understand what I want. The story I hear most often from frustrated business owners. “I hired a new bookkeeper […]
3 Major Cash Flow Activities
There are three major cash flow activities in each business. These consist of Operating, Financing, and Investing. You’ve heard these terms before, but you’re not clear about how they appear in your small business. After all, you don’t have investments, and you’re running your business with credit cards and a small line of credit. It […]
CFO For Hire: Please Turn Down The “Financial Noise”!
Chief Financial Officer (CFO) For Hire! I’ve been thinking about all the noise and distractions we have in our lives. I have begun to question how much we need? I did for myself to cancel a few magazine subscriptions that I never make the time to read. I say “make” the time because if I […]
Financial Review: Are We There Yet?
Are we there yet? I read a post recently on my friend Jean Summit-Riker’s blog titled “Lighten Your Journey with Laughter,” where she has this great image of Mother and Baby turtle. The baby turtle is saying to its mother, “Are we there yet? Are we there yet?” The statement “Are we there yet?” reminded […]
Cash Flow Management: Slow Accounts Receivables Woes?
Lost Profits in Billing Processes My friend Susan Baylis at Medical Account Solutions lays out some essential points of lost profits in medical office billing processes in her blog “Maximize your medical receivable with a few simple steps.” It’s vital in all types of businesses to have reliable processes in place for billing and collecting. […]
Cash Flow Management For An Entrepreneur’s New Product Line
Ideas for a new product line A client called me with their ideas for a new product line along with the statement, “We are going to sell widgets to all the widget providers, and we aren’t going to focus on the direct sale anymore.” Considering this has been the company’s core business, I took this […]