Blog
What you can learn from ranking your clients
"Rank your clients then fire the bottom-tier ones" is classiccc business advice. And, it's relatively good advice (as far as soundbites go). You shoulddd periodically prune your client list and fire the clients that are causing excessive hardship, stress, and internal...
You need to do a pre-goal-setting assessment
There's all sorts of goal-setting frameworks and theories (eg SMART criteria, OKRs, BHAGs, OGSMs, etc)*. They're supposed to help get your rough goals & dreams out of your head, onto a piece of paper, and into a standardized structure that makes sense which can...
The flaws with ROI and other things to consider when making decisions
I won an award! 🥳 CPA Practice Advisor named me on their annual '40 under 40' accounting professionals list. I've "emerged as [a] future leaders in the profession." Whoop! 🙌🎉 There's two sides to every finance/accounting measure and the...
Business savings isn’t just for emergencies
Most small business owners don't have an extensive finance background before starting their businesses. You're good at a particular skill (eg, marketing, design, writing, coding, law, whatever), you saw an opportunity to open a business, and you went for it. This...
How to rank your clients
All clients aren't created equal. Some clients are easier to work with, more profitable, send referrals, or just have more interesting projects than the rest. Then, others are a royal pain, take up too much of your (and your team's) time, drag down profitability, hurt...
Your personal finances affect your business profit and cash flow
Legal nuances aside, you and your business are intertwined. Your business provides for your family, stresses you out, helps you feel fulfilled, and occupies most of your waking thoughts. It's very clear what our businesses give us. But, it's a little less clear what...
How to start saving for retirement (as a business owner)
Saving for retirement is much harder for business owners than regular old employees. When saving for retirement, all employees have to do is sign 401k paperwork with HR, set a contribution amount, and pick from a list of preselected investments. Then, it's taken care...
Different kinds of emergency funding
The best time to plan for an emergency is when things are going well. That's when you have a clear mind, time to really think thru your plan, and won't be pressured into making snap decisions. You don't need to have a fully fleshed out wartime-CEO document, but you...
‘Profit’ can mean different things to different people
One of the biggest problems when trying to understand small business accounting & finance is the terminology. The rules that define accounting (yeah, there's rules. They're called GAAP and IFRS and are just as lame as you'd think they are) very specifically define...