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...
by Hannah | Oct 30, 2018 | Financial Management, Small Business
If your answer to this question is an apologetic, “Um, no. I can’t.”, I’m here to help change that! Because numbers, calculations, and money are the mainstays of our business, it’s easy for financial service providers to forget that terms which are so familiar to us...
by Hannah | Jun 25, 2018 | Cash Management, Financial Management, Small Business, Uncategorized
Have you ever been confused about which financial professional you need for your business? There are so many to choose from: Certified Financial Planners, Certified Public Accountants, Enrolled Agents, accountants, bookkeepers, controllers, and Chief Financial...
by Hannah | May 11, 2018 | Cash Management, Financial Management, Small Business
I am not a fan of debt. Not in personal finances or in business. One of the main reasons I don’t like debt is because it is EXPENSIVE! That’s right, it costs a lot of money to keep and maintain your debt. It’s called Interest Expense, and it can...
by Hannah | Mar 26, 2018 | Uncategorized
If you were to ask me what I think about business loans, my first reaction would be: “Avoid them at all costs!” BUT, I would be hard-pressed to find a business that hasn’t used or considered the use of debt at one point or another. I would be doing you a disservice to...
by Hannah | Feb 11, 2018 | Uncategorized
It Starts with Management The book begins by presenting the problem of business owners feeling like their business is running them (and not the other way around). Cunningham tells us that we can be the Owners of our business rather than just the Operators of our...
by Hannah | Dec 18, 2017 | Cash Management, Federal Tax, Financial Management, Small Business
As the end of the year approaches, I hear people talking about spending money in their business in order to save money on taxes. I see what they are talking about: increasing business expenses in order to offset income for the year. Therefore, lowering taxes. Great...
by Hannah | Sep 17, 2017 | Financial Management, Small Business
I recently shared with you some small ways that your business could be leaking money. I hope you looked at those and analyzed your own potential leaks. But what about the BIG things that might be causing you to lose money? What if that something is keeping you from...
