Cash is Queen: My Favorite Financial Statement and Why it Should Be Yours Too

How do you determine if you’re running a successful business?  Do you look at sales revenue? Is it what you see when you check your bank account balance? Do you look at your profit on your P&L statement? Is it based on your business’s increase in customers or clients? Perhaps success is receiving all 5-star Google reviews! All of these methods can help you track your business’s performance, but they’re […]

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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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