I’ve worked with many many dozens of clients on Profit First. I guide them as they install their Profit First systems. And we work together to customize the Profit First method to suit them and their business. It’s an open secret that Profit First is a simple system. … Read More
Aka - Using the Profit First Cash Management Method To Plan For New Hires Just that question 'how much can I affordGrowth doesn’t have to be stressful if you have a system. Growing your business is likely always going to feel a little scary and exciting - and that … Read More
Since I started Moxie Bookkeeping in 2003, here's one of the most common issues I've seen in small businesses -- owners aren't paying themselves, or not enough. And why is that? Because they're not really profitable. Though they might be showing a profit on their financial reports, if they … Read More
Moving to the Profit First method to manage your business cash flow has all kinds of benefits -- More profitability! More sustainability! Clear insights! Know where your money's going! But unless your business is still a twinkle in your eye, you probably already have some kind of bookkeeping … Read More
I've got a different perspective on finance. I'm not a Wall Street escapee. I didn't come from a well-paid corporate job. (Though if you did, of course that's okay!) I've been a freelancer, a shift worker and -- later -- a small business owner since the early 1990s. I didn't grow … Read More
18% of small businesses have this in hand. Do you? Of small businesses that fail, 82% say it's because of cash flow problems. This is a blessing and a curse. The curse: Lots (and lots) of businesses do fail -- around 70% in their first 10 years. "According to data … Read More
Want financial wisdom delivered right to you? Do any of these sound familiar? "I run a small business and can't afford to pay myself.""I can't tell if I'm paying myself too little, enough or too much.""My books scare the crap out of me.""Are my expenses too high? I have … Read More
I'm a big fan of efficiency. Two birds with one stone? Heck yeah, hand me that rock. What I'm not a big fan of: being lonely, especially as an entrepreneur. If you're a business owner, not only are you responsible for everything that goes on in your business -- … Read More
So maybe you've got a bookkeeper. And maybe you've got an accountant. And maybe you've got a business coach. But from that crew, who would you ask if you needed to know if your business was actually profitable? Or how to make a business profitable? And would they … Read More
According to the Small Business Association, of small businesses that fail, 82% say it's because of cash flow problems in business. That means 41% of small businesses are so financially illiterate that it costs them their livelihood. That's pretty shocking, right?! Yes, of course businesses fail for many reasons … Read More