Why and When Should You Outsource?
As an entrepreneur, your time is more valuable spent growing your business and clientele.ย Take advantage of having an experienced and reliable partner relieve you of timely bookkeeping duties. Increase Focus and Efficiency How much time do you spend on bookkeeping each week?ย ย Without the distraction of bookkeeping, you can focus on the actions that will help you achieve your business growth objectives. Consider outsourcing your bookkeeping needs in less time with more accuracy. Expertise and ...
I Attended a Retreat...
entitled “Foundations for Fulfillment; Lead with Your Why”! My purpose in attending this retreat was to be able to step out of the day-to-day activitiesso I could reflect on where Springstead Solutions began, how it has evolved and obtain clarity on where we are going. When you are in the trenches of building a business, you can find yourself caught up in a whirlwind of opportunities and possibilities leading to several business pivots which can then cause you to begin to ...
Common Habits of People With Persistent Financial Challenges
Most financial challenges aren’t solely due to unfortunate events. They usually have a foundation of poor financial habits. With effective habits, most financial challenges can be handled. With improper financial habits, even a modest unexpected expense can be devastating. While there are many negative financial habits one could be guilty of committing, there are a few that are especially damaging. Beware of acquiring these poor financial habits: A failure to consistently save ...
Capture Receipts, Capture Cash!
Document, document, document…… You’ve heard it used often and for many reasons. In the world of finance, this concept holds just as important as in other industry worlds. Receipts in the accounting world are often referred to as “source documentation”. More specifically that means “an original record which contains the detail that supports or substantiates a transaction that will be (or has been) entered in an accounting system. Historically source ...
โ๐๐๐ ๐๐ ๐ ๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐โ? ๐จ๐ฎ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐จ๐ฎ๐ญ๐ก๐ฌ ๐จ๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐จ๐ฐ๐ง๐๐ซ๐ฌ ๐ญ๐ก๐ข๐ฌ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐จ๐ฆ๐๐ฌ!
If this is the question you are facing, or have faced, I challenge you to reevaluate your mindset. Typically, this question comes because someone is unable to pay the liability due to a lack of funds. And THIS means that your cash flow management system needs an overhaul! To be clear, you receiving a large tax bill ๐ถ๐ ๐๐ต๐ฒ ๐บ๐ฒ๐ฎ๐๐๐ฟ๐ถ๐ป๐ด ๐๐๐ถ๐ฐ๐ธ ๐ผ๐ป ๐๐ต๐ฒ ๐๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐๐ผ๐๐ฟ ...
Itโs 4th and 2!
No, we aren’t talking football. We are talking about your business and the time of the year; Q4 (Quarter 4 of 2020) and we are down to just 2 months left! With all of the changes and surprises 2020 has thrown us, NOW is the time to do a review of your 2020 finances to-date to avoid any financial surprises at tax time! To ensure that you are prepared for what 2020 taxes will look like; I encourage you to take some time to do the following: Get the ...
Recession Response โ Profit First Resources for Entrepreneurs
“The world needs small business success more than ever now.” Check out these small business resources from Profit First below! ACTION SHEETS (PDFS) Recession Response 1-Sheet The Business Crisis Trend The EVOLVE Communication Method The 10-10-10 Method The Pareto Overlap The 1-Step Back Method The Business Hierarchy of Needs The Borrower/Lender Matrix Confidence Mapping The Differentiator Generator The Survival Trap INDUSTRY LEADER INSIGHTS: VIDEOS1. Quick Business ...
Why You Need Outsourced Bookkeeping More Than You Think
Without a doubt, we’re living in the digital age. Because of this, your business can benefit in many ways with the right team supporting you. With the help of outsourced bookkeeping services, these experts can work with you virtually and onsite. Article: Finsmes When it comes to your business, who’s in charge of handling the accounting and bookkeeping? Do you have an individual in-house? Or are you dealing with all the company finances yourself as the business owner? Maybe ...
Saving Time, Saving Money
It starts with this message from entrepreneur Allan Dib: “Struggling business owners will spend time to save money, whereas successful business owners will spend money to save time. Why is that an important distinction? The reason is that you can always get more money, but you can never get more time. So you need to ensure that the stuff you spend your time on makes the biggest impact.” Article: Home Care What is your time worth? A business owner’s time is ...