Leslie Taylor & Associates Business Solutions

More clients. More projects. More revenue. (More problems?)

Growth feels like a reward, and it should. You worked hard to get here. But growth can also put serious pressure on your cash, especially when you have to spend money to deliver the work before your customer pays you.

Somebody has to fund that gap, and most of the time it’s you. The money is coming, eventually.

I love AI. We use it every single day in our business, and I want business owners using it too. It can help you work faster, understand information more clearly, identify questions, and organize your thoughts. But it is still a tool. It is not your accountant, your CFO, or a replacement for sound financial judgment. And, dare I say, it is not your employee. In this article I discuss how to use AI wisely when it comes to your financial information.

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!