This post draws from a powerful business and life tool I utilize to streamline my business plans and accelerate success. Those familiar with it will recognize why the changes I'm sharing significantly impact achieving targets and goals. Aligning your goals and purposes Clearly saying what you want to be, do, and have helps reinforce it every time you check back to tweak your plans and actions. Before, my goal was:  To become a one-stop-shop business who creates a community wh

In business, PRODUCT has a specific and practical meaning. Understanding what a product is will help you sell more effectively and create something people want to buy. Your "product" is the result you provide to the customer. Definition of PRODUCT A product is a good idea, method, information, object, or service created and designed to serve a need or want. Here are examples of each of those: Idea  – A new way to reduce food waste (sold as an idea for licensing). Method  – A

One of the most common challenges we hear from potential clients is: How do I pay off my debt?  It’s one of the top goals they list during our free consultations, and for good reason. Figuring Out Debt Solutions Getting out of debt provides financial freedom, reduces stress, and allows for better financial planning. But where do you start? There’s no one-size-fits-all solution, but there are key variables to consider. Below, we break down an effective, step-by-step strategy t

Have you ever come across the saying that 50% of businesses fail within five years? I wanted to discuss the updated statistics for business failure, the reasons behind them, and how you can prevent them by not making the same mistakes. Avoid Business Mistakes that Lead to Failure That statistic (a number compared to another number of the same type) has decreased slightly as of 2023 reporting. However, business failure in the first year has risen. The old statistics were: app

Due to my 16+ years in Business Consulting, I cannot just allow my team to offer bookkeeping services and that's it. Budgeting Services vs Basic Bookkeeping I know all too well, how much budgeting and financial strategy contribute to achieving an entrepreneur's goals. This is why we offer our Financial Strategy service. M any business owners assume that bookkeeping and budgeting are one and the same. However, there are significant differences between what we do with budgetin

"Financial"  means relating to money, especially how it is managed, spent, saved, earned, or invested and "strategy" means a plan of action or policy designed to achieve a major or overall goal. I will describe in full detail what this service is and why it is vital to growing a small business. We look at the big picture and work with the owner to create financial strategies. Financial Strategy The service is designed to help you make money, save money and increase profit. We

When new businesses start up, the owner either doesn't keep up with the bookkeeping due to wearing so many hats or tries to do it themselves to save money. Don't do your own bookkeeping Their skills and abilities are in the service or product they offer and produce. Most of the time, they are in the production and sales areas of the business. They should not be in the treasury area as it's not their expertise. W hat happens is, they either do it erroneously or don't do it at

Success could be defined as the achievement of desired goals, whether personal, professional or financial. Working with small business owners for more than 20+ years, I've come to observe it always includes all three when entrepreneurs list out their goals. So what slows down their ability to achieve success? Are you stressed trying to achieve success? Unfortunately, it's not just about working hard and being disciplined. Oh no, it's much more than that! You could be consiste

One big problem we see when we go into assess a business is they're spending too much money and their financial scene isn't in great shape. This can hold the business back from reaching its full potential. What Does Your Full Financial Scene Look Like? Small business owners totally get how important it is to handle money wisely in their business. They know they need to manage money better to up their financial game, but often are overwhelmed due to wearing too many hats and e