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Tag

processes

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…

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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…

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The Paper Chase

Floundering in Paper? Reasons this Happens & Survival Tips

By | Business 101, Recordkeeping 101 | No Comments

Going completely paperless for a business can be a little mind blowing and incredibly empowering at the same time – I know because I’ve been on that brain twisted journey for two years now. As of the first of June, our business is 95% paperless thanks to moving our office from commercial space with tons of extra space for storage to a much smaller office with a completely virtual team. There are a few things that I choose to move with the intention of deciding what to do with them after the move (I am publicly announcing that these items…

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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…

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How to Think About Payments That Will Help You Be Profitable

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

While the king of payment has changed from paper to plastic, not having multiple options of receiving payment can be a certain death for businesses. I’ve seen new businesses open their arms wide for multiple payment options, and I’ve seen older businesses go kicking and screaming into this new world. If you want to survive and be a healthy and profitable business, you need to be aware of the tools available and develop your preferred payment processing plan. So let’s talk payment options. Death of the Checkbooks – (almost) We as a society haven’t totally killed off checks as a…

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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…

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5 Useful Ways to Avoid Drowning in the Bookkeeping

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

This episode of Ask Connie is a question that comes up often when I talk to business owners: I need advice on implementing my bookkeeping and recordkeeping. How do I manage to really sit down and update records; close out the month; really make my accounting tool work for me; etc. I need ideas on how to make this process smoother, less painful, and get it done without tearing my hair out. This is probably the most common question, because the acts of bookkeeping – data entry and record keeping – are not super fun for most of us. The truth…

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Profit First!

Successful Beginners Guide for the Profit First System

By | Bookkeeping 101, Cash Flow, Profit First | No Comments

So by now, if you’re reading with us regularly, you have heard of the book Profit First by Mike Michalowicz. Maybe you even cracked the spine and gave it a quick read. If you resonated with it, but found your Negative Nelly mindset kick in, you may not have taken any forward movement on implementing the new system. Today I am going to share the five basic steps of Profit First. This is the same basic info I presented in my very first webinar, in fact, it is the same exact system I used more than a year ago. Look: just…

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It’s True: Airline Safety Can Strengthen Your Business

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

On my flight to LA last week, there was a funny safety presentation; this was some spark in what is usually a rather dreary monologue, so I listened intently. As I looked around, I was one of a handful of those paying attention. Which is too bad, because those that didn’t got called out by that comedic flight attention, with a simple – “for those not listening, good luck.” Which gave me a creative pause, if the plane is falling out of the sky and oxygen is lost, will you put on your mask first? Or panic and scream since…

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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…

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