was successfully added to your cart.
Tag

planning

Look Behind the Scenes of Uncommonly Poor Habit Skills

By | Business 101, CEO Mindset | No Comments

Recently, I’ve been looking at habits differently than I have in the past. As I open up my awareness, the universe ended up providing me with a lot of information. Information landed in my inbox, there was a summit I listened to, even the podcasts I was choosing seemed to have a similar message and theme. More importantly, it was not only something I was thinking about it, it also came up in conversations with a variety of individuals and during my mentoring sessions with customers. When the universe is basically screaming at me to notice a trend, that’s when…

Read More

Stop the Money Leaks in Your Business to Create More Profit

By | Accounting 101, AskConnie, Bookkeeping 101, Cash Flow, CEO Mindset, Profit First | No Comments

This month’s “Ask Connie series” question about Profit First even stopped ME in my tracks. Hint: this is often where a third party, one that isn’t emotionally attached to your business, makes for a helpful profit ally.. The Question: But I can’t even see how to cut my expenses – what’s your advice? Review your expenses In my last blog post we focused on how to increase our owner’s pay. As I mentioned, one of the fastest way to increase funds to pay yourself is going to come directly from the expenses your business is paying. Here are some items…

Read More

Time to Celebrate and Take in the View at 500′

By | Accounting 101, Bookkeeping 101, Business 101, Profit First | No Comments

As we celebrate the end of 2nd quarter and get ready to calculate our Profit Distributions, it also signals time to pause and relook at our plans for the rest of the year. A chance to review our annual goals, our TAPs (intentional money use target allocations), and to give our plan that 500 foot level review. A mid-year review can be empowering and here is how I walk myself and my clients through the process. Profit First Celebration & Review Before we celebrate just a little administrative housekeeping. So let’s make sure everything has been accounted for: Close out…

Read More

Growing Your Business? Get Out of Your Own Way

By | Business 101, CEO Mindset | No Comments

In today’s post, I’m going to dive into a lesson that explores that when you’re growing your business, there is only one word that separates success from failure. Problem Identified: Success is Continually One Step Out of Reach This lesson learned happened during the growth phase of my business. As I look back, I can easily see the strides forward I made. Being IN the moment though, it kept feeling like I was taking 10 steps forward only to take 5, 6, or even 12 steps back. Last year I realized what was missing. It wasn’t a new tool or…

Read More

Time to Focus on What Happens When You Add Accountability

By | Business 101, CEO Mindset, Profit First | No Comments

You’ve set an intention for financial freedom and started to implement and use the Profit First plan, and then you were derailed. This post is going to talk about how accountability is a key step in the process to keep us focused and on task of reaching our financial freedom goal. Reminder Profit First Process In an earlier post I shared the basic steps (you can read the full post, here): Create smaller buckets, set-up the basic 5 accounts Adjust your accounting tool and process to be timely, accurate, and useable Establish your Target Allocation Percentages (TAPs) and transfer funds…

Read More

Creating an Intentional Payroll Will Save Your Profit

By | Accounting 101, Bookkeeping 101, Business 101, CEO Mindset | No Comments

Payroll, it can be confusing, especially when the question of the day seems to be around owner’s pay: what is the appropriate amount, and am I paying myself enough? When is payroll not payroll? That is a super good question and one where many business owners get stuck. When accounting professionals talk payroll, they mean setting your business up to process payroll as an employee, with employer taxes and processing fees. Which for some tax entities, is a requirement – yes I’m talking to all you S-Corporations out there. For those of you who are Partnerships, there is no payroll,…

Read More
Profit First!

It’s Profit Time! Proof That Your Business Supports You

By | Accounting 101, Bookkeeping 101, Business 101, CEO Mindset, Profit First | No Comments

As the calendar pages flip, it signals the Profit First quarterly distribution moment – the first one for the year. I wanted to take a moment to explore these and discuss why they happen and more importantly, why I recommend to consistently take them even if your negative mindset gets in the way. It is also a fabulous time to celebrate and recognize that your business is actually supporting you with a pure profit distribution. Definition As Mike Michalowicz indicated in the book, Profit First, a quarterly distribution is the representation that “Your business is serving you.” So every calendar…

Read More

Naked Look at the Budgeting Mistake I’m Embarrassed To Share

By | Accounting 101, Bookkeeping 101, Business 101, CEO Mindset, Outsourcing, Team Building | No Comments

There are some lessons you learn that you can’t wait to share with anyone that will listen. Then there are lessons that open up your possibilities and are slightly, well embarrassing. Embarrassing for yourself mostly because it was right there and you didn’t see it – even if it is part of your education and knowledge background. Sometimes those lessons hurt. This is one of those lessons. Problem Identified: My Plan didn’t support both me AND a larger team. When creating a budget for start-up or a plan for growth, it is important to have a clear understanding of the…

Read More

All the Boring, Timely, and Informative Payroll Items you Need

By | Accounting 101, Bookkeeping 101, Recordkeeping 101 | No Comments

This was the hardest, most uninspired blog post I have written all year. And while this isn’t the most exciting or joyful post, I do know it will impact every business owner with employees, and especially those in Oregon. As 2016 comes knocking on our doors, so do a few payroll related items employers need to be aware of and more importantly, take action on. ADI Team PSA – 2016 Payroll Recommendations This year there are quite a few changes for employers that more action and review is needed. In fact ADI Accounting Team is making a few recommendations: If…

Read More

Establish Realistic Targets to Unlock Your Best New Year

By | Accounting 101, Bookkeeping 101, Business 101, Cash Flow, CEO Mindset | No Comments

As the year comes to a close, this is a perfect time for reflection and planning. Early on in my business ownership, I found the act of planning a little like throwing darts against the wall. I was aiming at numbers somewhere between what I thought my potential clients could afford and what I thought my competition was charging. I even remember setting my revenue goals based on what others were going after, the magical $10k per month and the elusive six figures. At no time during my early days did I actually look at that revenue goal with the…

Read More
Show Buttons
Hide Buttons