Tag: Bookkeeping Best Practices
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The Profit Journey
“Success is not about the destination, but the journey” — Jeff Bezos Most business owners go down the entrepreneurial path for 3 reasons: Not to say that I’m uninterested in #3, but I was definitely motivated by #1-2 when I got started. Having been exposed to accounting theory and public company financial statements throughout my…
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A Simple Approach to Achieving Profitability
We posted this on LinkedIn not long ago and it absolutely oversimplifies things but at its core, producing good income really does happen this way: 1) Get good bookkeeping – hire help!2) Review financials regularly – and know what they’re telling you3) Track metrics (scorecard) and cash flow4) Make adjustments based on dataThere’s a lot that goes…