As the year winds down, small and medium-sized businesses (SMBs) are at a pivotal crossroads: it’s time to finish strong while setting the stage for even greater success in 2025. This is your opportunity to assess whether your financial performance hit your goals, tackle any remaining obstacles, and lay out a bold strategy for the …
Your Year-End Financial Checklist: Closing Strong and Planning for 2025 Read More »
During the 2024 Summer Olympics, Nike came out with a commercial focused on how winning is a curse, because you never want it to stop, and you are always striving for more wins. It’s like that in business, too. Businesses are always striving to win at the next thing. Whether it’s increasing profits in the next quarter, …
Being a Winner Doesn’t Have to be a Curse: Take Time To Celebrate Read More »
I had a conversation the other day with a small group of venture capitalists and seed fund investors. I love talking with these types of people – they are so passionate and have super creative business ideas. When I shared my Fractional CFO services framework and approach to helping smaller growing companies, I also was …
You’ve probably heard of the 80/20 concept (also known as the Pareto Principle), where 20% of whatever you are considering (i.e. workers, technology, inventory) is responsible for 80% of the results (productivity, sales, and profit.) The fourth quarter of the year is budget season and a great time to take a closer look at your …
Budget Time: Use the 80/20 Framework to Keep Costs in Line Read More »
When it comes to ways to grow your business, it may not be that you lack time but that you need to do some prioritizing. It’s important to constantly evaluate your growth and progress. With the year already well underway, it’s time to take a closer look at how your business is doing. Is it …
Today’s business environment is competitive. Companies are constantly looking for ways to improve efficiency, reduce costs, and increase profitability. One way to achieve these goals is to implement lean accounting practices, which help businesses identify and eliminate waste in their processes. According to a study by the Lean Enterprise Institute, a nonprofit organization focused on …
What are your business’s Key Performance Indicators (KPIs)? Are you even keeping score of your business’s performance? When it comes to business results, leaders often have a target in mind (i.e. make more money this year than last year.) You probably have some specific hopes and goals and are trying to move your results toward …
What’s the Score? Track Your Key Performance Indicators Read More »
I have written a collection of posts for many years on topics related to cash flow, healthy and fitness, personal development, strategy, productivity, processes, and profit. I believe that we can succeed in business and life by continually growing and learning. Click on any of the categories to find my posts on that theme.