Author: Leslie Taylor

Entrepreneurs can absolutely do their own bookkeeping if they want.  For those daring to DIY, I have one piece of advice.  

To do it correctly you need to learn the rules and understand the tools.

In 2000 with just $5,000 in savings and a new idea for women’s undergarments, Sarah Blakely founded Spanx. She personally handled every aspect of the business initially – from product development to marketing and sales. What’s remarkable about Blakely’s scaling strategy was her ability to maintain a lean operation. Even as Spanx expanded globally, she kept her team small and avoided taking on debt or external investors for a long time. This approach allowed her to scale revenues at a much faster rate than costs, embodying the true essence of scaling a business. What exactly does it mean to scale and what are some strategies for scaling well?

Has your business ever struggled with cash flow? Cash flow challenges can take a toll not only on business operations but also on the stress levels and mental health of the owners. According to a recent study conducted by Xero (Money Matters Report, 2023) between 71% to 87% of businesses surveyed globally experienced cash flow issues. Let’s explore some ways you can improve cash flow in your business. Now!

Do you find yourself spending excessive time on minor details rather than on strategic, big-picture tasks that actually drive growth? Recently, I spent 2 hours on a single social media post. I created a video, edited the video, and did a voice-over of the video, then there was copy creation, tagging folks, etc. etc. I don’t normally spend this much time on a single post. But, sometimes I can get “caught up” in things that take me away from my core work for too long. Let’s discuss what it looks like to prioritize profitability over perfection.

One of my all-time favorite movies is the original 1971 Willy Wonka movie with Gene Wilder.  Every time I watch I still get excited as Charlie opens his candy bar and finds the golden ticket which changes the trajectory of his life!  Well, my topic in this blog is a little like that golden ticket in that it can greatly change the trajectory of a business by helping support its next level of growth.