Blog Archives

Budget Paralysis

“I can’t do a budget because I don’t have the Cash Flow!” is the lament I hear regularly when I try to help business owners develop a budget to achieve their business goals. Believe me you can do it, as

Posted in Business Improvement, Financial

Credit Karma – Too Good To Be True?

As a responsible person I like to keep tabs on my credit score. I put a lot of effort into paying my bills on time and in full so I don’t want my credit ruined by fraud, identity theft, or

Posted in Financial, Personal Improvement

Ting – A Different Kind of Cell Phone Service

This week marks the first week I have not been under a cell phone contract since 2000 and it feels great to have my freedom! In general, I’ve been rather happy with my cell phone service provider and have had

Posted in Business Improvement, Financial

What’s in Your Wallet?

Summer is here and the season of travel is upon us.  What’s in your Wallet? is a good ad for a credit card, but it is even a better reminder of what is really in your wallet.  Before you take

Posted in Financial, Personal Improvement, Planning for Business

Automatic Withdrawals

Automatic withdrawals are great, no more forgetting to mail out a check or call the creditor with your credit card numbers. The drawback, however, is forgetting about how many of those convenient withdrawals you have and how much they are

Posted in Financial

The Cost of Convenience

Like most people, I’m lazy. No wait let me rephrase that, I like things that make life easier; like the right tool for the job. But these conveniences, even though they make my life easier come at a price. A

Posted in Business Management, Financial

Time Release Fertilizer for Business

Spring will eventually arrive and gardeners know that a little fertilizer on a regular basis is far better than huge doses regularly.  Cash in a business is like that, too.   Project, monitor, and conserve cash and credit because cash

Posted in Financial

End of the New Year Checklist

The end of 2013 is upon us. Are you ready for the new year?

If you planned ahead you already have a jump start on getting everything right where it should be to make your accountant happy. Good for you but, if your like most samll business owners this time of the year seems to pop up out of nowhere.

If you have no idea where to start I have a made a checklist for you:

Get your books in order

Take a look at your financials

Evaluate last years goals

Brush up on new laws 

Gather your documents

Set new goals


Posted in Business Management, Business Planning, Deadlines, Financial, Goals, Uncategorized


Let’s face it, theft is more common than any of us want to admit. You want to believe that your staff would never steal from you and your business is immune to thieving hands. Well, it is time to face reality and guard yourself and your business from dishonest staff members. One of the ways to protect your business is by using a tracking system for all of your business transactions. Keeping accurate business records especially of inventory and cash is crucial. Your inventory is what makes your business money.
One of the more obvious and most common are staff members giving away products or services free to customers on a constant basis in order to win more sales. An example would be a bar tender giving away drinks for better tips. Be careful of letting your staff give away any product or service without prior approval. Include the amount your staff is allowed to compensate any given customer in your yearly totals. This will help your staff spread out the comps over the entire year.

Posted in Employee Management, Financial, Uncategorized

How Much Time Do You Spend on Your Financials?

Last week, I was reading the agenda for the mastermind group I attend and listed in the informational section was “15 minutes–social media; 5 minutes–financial”.  Thats all, just that cryptic statement.  So I started thinking what my business or some of my clients businesses might look like if we spent 15 minutes each day on social media and 5 minutes a day on their studying their financial information. 

Right now, I know some of you are saying “I spend way more than 15 minutes on social media everyday, to compete I have to spend hours on that stuff“.  And that is my point, if you are spending hours on social media and only look at the financial side of your business irregularly or less than monthly, you may be spending time on something (social media) that your financial data will not prove are useful. 

If I spend 5 minutes everyday on my financial side of my business, I wonder what it will look like at the end of a month, a year?

Posted in Business Improvement, Business Planning, Financial