How to THRIVE in a constricting market by unlocking the secrets to generating more cash flow for your business! Before I get started I want you to clarify what a constricting market is because it can happen at any time, not just in an economic downturn. A constricting market refers to a market that is…
This one’s for all my CEO’s! There are 3 Financial Statements that are going to put MORE MONEY into your bank account! All you have to do is read them regularly… With everything you already do, I’m sure it’s next to impossible to put one more thing on your plate, BUT These Top 3 financial…
How do you invest in your business? Today I want to share about three types of investors and how you can create cash flow as a Construction or Service Based business owner without taking on high-risk investments to do it. In my professional opinion, there are three types of investors… -People who do not invest…
As a construction or service based business owner, how are you expanding your financial future? Today I want to talk about FIVE ways a construction or service based business owner can expand their financial future and stay out of the red. TIP 1: DIVERSIFY YOUR REVENUE STREAMS If your business relies solely on one product…
Are you thinking about applying for a loan for your business? 💰 If you are, there are a few things you’ll have to do before calling up your bank, such as: 📄 Gathering up your financial + legal documents 💳 Checking (and maybe improving) your credit score 🗺️ And even writing up a detailed business…
Do you struggle with picking good price points in your business? You know what I mean – coming up with a price for your services or products that you know will actually be profitable?? 😬 If that sounds like you, then it’s time to get to know the fixed and variable expenses in your business…
Monitoring Expenses Did you know that good bookkeeping can help you both make – and save – money? It’s true! And here’s 4 of my favorite profit-increasing bookkeeping tips you can start using today: (𝟭) 𝗔𝗨𝗗𝗜𝗧 𝗬𝗢𝗨𝗥 𝗘𝗫𝗣𝗘𝗡𝗦𝗘𝗦 Expenses billed as subscriptions are especially sneaky! Take a minute to 𝗿𝘂𝗻 𝗮𝗻 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗽𝗮𝘆𝗮𝗯𝗹𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 spanning…
Are your clients a little (or a lot) slow when it comes to paying their invoices? 😬 While you can’t pull out their credit card for them, there’s some things you can do in your invoicing process to increase your chances of getting paid – and even increase the speed of the payment! Here are…
As a business owner, it’s essential to keep track of your finances and understand your numbers. However, managing your books can be a time-consuming and tedious task that takes you away from running your business. That’s where an outsourced bookkeeper can help.Outsourcing your bookkeeping can provide numerous benefits to your business, and one of the…
Construction Business Owners with employers or independent contractors… Failing to properly pay your team can lead to compliance issues and financial penalties. As a 7 figure construction business owner, it’s important to file the correct forms. However, it can be easy to get W2 and W9 mixed up without proper guidance. And that’s why today…
