by Hannah | May 6, 2019 | Budgeting, Case Study, Cash Management, Financial Management, Small Business
Case studies take us beyond theory, and into practical application. For that reason, they are a great vehicle to share information with readers. This post focuses on managing rapid employee growth in a service-based business, a problem common to many service-based...
by Hannah | Apr 23, 2019 | Financial Management, Small Business
If you have an established, successful business chances are you have someone in the critical role of Chief Financial Officer, or CFO. The responsibilities of a CFO typically include: Tracking cash flowFinancial planningAnalyzing financial strengths and...
by Hannah | Mar 12, 2019 | Federal Tax, Financial Management, Small Business, Taxes
April 15th When you saw that date was your first thought one of worry (or even panic)? Did you get a little knot in your stomach? If so, you’re not alone. That’s how most people react to the thought of “tax day”. The truth is, filing your taxes shouldn’t be something...
by Hannah | Feb 26, 2019 | Budgeting, Cash Management, Financial Management, Small Business
Many of us have a negative reaction to the word “budget”. While a budget is simply an estimate of income and expenditure for a set period of time, the word often creates images of hardship and suffering, giving up good things, and making sacrifices – at least in our...
by Hannah | Feb 11, 2019 | Cash Management, Financial Management, Metrics, Small Business
… and hello to four metrics that matter! Don’t forget to grab the worksheet at the end of the post! The new year is well under way, and there’s lots of talk about business planning and implementation for this year (and beyond!). Before you finalize all those...
by Hannah | Jan 28, 2019 | Cash Management, Financial Management, Small Business
Today I’m excited to share the final post in our series about the five most important reports in your business. Previously posts covered: Balance SheetProfit and Loss StatementAccounts Payable AgingAccounts Receivable Aging And now it’s time for the report that helps...
by Hannah | Jan 14, 2019 | Uncategorized
Today we continue our series describing essential financial reports, and we’re going to talk about why you should embrace aging! In our personal lives, many of us try to think of “aging” as rarely as possible. But when you are looking at your business, aging becomes a...
by Hannah | Dec 31, 2018 | Uncategorized
You might remember from a previous post, many reports or tools have more than one name. As a reminder, your profit and loss statement is also sometimes referred to as: P&L, Income Statement, IS, Statement of Earnings, or Statement of Financial Performance. For...
by Hannah | Dec 17, 2018 | Uncategorized
In my previous post (Money Talks. Can You Understand What It’s Saying?) I discussed the importance of becoming familiar with some of the jargon, terms, and acronyms that will help you understand your business. One of those terms was “balance sheet”, which I described...
by Hannah | Dec 3, 2018 | Financial Management, Small Business
Successful business owners understand money, and how the moving parts of money affect their business. They do this – not by staring at their online bank balances – but by regularly preparing a series of reports that help them understand the financial health of their...
