Stop Working So Hard: Increasing Profitability with Processes and Systems

If you’ve been around me for any amount of time you know that I LOVE organization, optimization, making things run better, faster, and cheaper.  In fact, during my days as a corporate engineer/scientist, that was a major part of my job.  Systems and processes are essential to all businesses. They are the foundation of profitability, growth, and longevity.  When I first started talking about processes and systems to small business […]

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Maximizing Cash Flow: Understanding AR and How to Use it To Increase the Cash in Your Business

Has your business ever had a cash shortage? You’re not alone. According to a 2019 Intuit study , 60% of small business owners say cash flow has been a problem in their businesses. If that was 2019, where would the number land in 2023?

In this post-pandemic period we are in, I wouldn’t be surprised if that number is higher.
While there are some things about cash flow you can’t control, there is one area where you do have control.

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8 Things Every Small Business Should Do at the End of the Year

Around this time last year, I offered a list of 5 things business owners should take care of at the end of the year to land in a better financial space for the new year. Last year’s list is still relevant and included here. However, as we quickly move to 2023, I’ve added a few recommendations to help your business navigate and survive our shaky and unpredictable economy.

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Should You Be Paying Estimated Taxes?

The tax man cometh for all Americans.  No one enjoys paying them.  But unlike those who work for an employer and receive a salary, it can be extremely difficult for business owners to determine exactly how much they will owe in taxes.  There are a few reasons for this, but the main reason is that business owners don’t exactly know how much revenue their business will generate in a given […]

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