Blog
Hiring an employee isn’t always the answer to business overwhelm
For all my yapping about profit, cash flow, and small business finance, I still do a lot of tax work. Business tax, personal tax, catch-up accounting, the works. So, you could definitely say this is a busy time of year for me. But, in a way, I'm lucky. I know tax...
How to intentionally review financial reports
Financial reports are the bee's knees. They give you a solid, big-picture understanding of all the little financial details and moving pieces in your business. Then, from there, you can start making educated decisions, working on problem areas, and improving your...
What to do after ranking your clients
This is the third email in a series on ranking clients. Check out the previous issues: How to rank your clients and What you can learn from ranking your clients. If you enjoyed this series, feel free to share it! You can learn a lot from ranking your clients....
Trust but verify (aka how to spot check a Profit & Loss report)
Profit & Loss reports are one of the most common small business financial reports. They are relatively easy to understand, can be generated with a few clicks in your accounting software, and are the starting point for your financial decisions, tax returns, bank...
Invoicing starts during the sale and client onboarding
Invoicing is usually an afterthought in many small businesses. It's seen as a simple formality like getting a receipt at the store. And, sending an invoice is nothing more than the very last step in getting paid (short of cashing them checksss 🤑). You just...
Review your project profitability to learn better pricing
Profitable project pricing is unassumingly difficult. You need to accurately do client discovery, assess the scope, plan employee capacity/labor, figure out how much overhead and direct expenses will cost you, and build some profit into your proposal, all while...
Test your client-facing tech (instead of assuming it works)
Technology is great and can be an absolute gamechanger,... until it isn't. Then, there's all sorts of frustrating little hiccups, glitches, and weird UI bugs where the software that you bought to make your life easier, now makes your life much much harder. And, when...
Writing a mission statement that doesn’t suck
Traditional, structured business plans usually include business descriptions, SWOT analyses, market research, financial projections, and various strategic breakdowns (eg sales strategy, marketing strategy, etc). And, at the veryyy beginning, in the executive summary,...
Reader question: “How can I intelligently cut back my recurring software subscriptions?”
It seems like everything is a subscription nowadays. You used to buy software once, use it for 3+ years, then maybeee buy an upgrade if you really needed it. Now, you gotta pay a subscription fee every month just to keep the software running. And, all those little...