Let’s say you’re running a business and have a pretty good handle on: But when you open up the bank account or QuickBooks? Stopped dead in your tracks. I was there too at one point. Below, I’ll share a 7-point list of where you should start on your financial journey (whether 1st inning or 8th…
Business is war (usually) It was a perfect storm. Payroll and loan payments were set to hit on the same day. And the largest vendor was demanding payment for some stale invoices. Oh, and your best customer was dragging their feet on a (very late) invoice. Business owners are battling every single day. Whether it’s:…
Before digging into the financial plumbing of a new business, client, or acquisition, I like to level-set on where the business stands: We don’t need to do any deep analysis to answer these questions. “Do you have debt? Yes! I have a big bank loan.” Today, we’ll look at a few business situations to help…
This is the final installment of a multi-part case study on Starbucks Corp. We previously covered the business model, profit model, unit economics, and financial statement analysis (links below). The goal for today is to create a quick-and-dirty financial projection and build an action plan for this company. Quick recap — Starbucks is a vertically integrated retailer of…
Writing out a yearly plan is a fairly simple process. In a nutshell: This year, I’m creating a “business bingo card” for a quick overview of the things I want to accomplish in 2025. That way, I’ll have a nice visual layout of my goals and everything lives on one page. How it will work…
There’s a hierarchy to a well-oiled financial system: Here’s what that hierarchy looks like visually: What’s the takeaway? If you don’t have good bookkeeping — start there; find an excellent partner. If you have good books and regular reports — consider a fractional CFO or advisor. The ROI on those 2 items will shock you.