Effective financial management is crucial for any business, and creating a budget is a fundamental step in achieving financial success. A budget is a plan that outlines expected income and expenses over a period of time such as monthly, quarterly, or annually. Budgets...
Many businesses have some sort of accounting software such as QuickBooks to help manage finances and then provide financial statements such as a balance sheet and income statement to help you gauge the financial performance of your business. Managing a business...
When you think of a Chief Financial Officer (CFO), you probably think of the individual within the business who oversees the monthly debits and credits that flow through the balance sheet and income statement, reviews the monthly financials, and advises an executive...
Many people have heard of a Chief Financial Officer (CFO), and they know that this person deals with numbers, but they often question what exactly it is and whether or not it would be beneficial to their business. CFO Advisory is a Chief Financial Officer at a...
Managing money has always been fun for me. Saving money came easy. At the young age of five, I had saved every birthday and Christmas dollar I had received since I was old enough to know what money was, so my parents took me to Columbia County Bank (now Millennium...
How to take meaningless tasks off your plate I am in full swing with my busiest work season of the year. It’s stressful, exciting, and rewarding, and I love it. But one thing I will not sacrifice is family time. In order to do that I have to be very conscious of how...
Strategic Planning Made Easy For Your Law Firm Don’t Get Overwhelmed. Overwhelm is the #1 reason I’ve seen law firms not have a strategic plan, or even think about developing a strategic plan. They don’t know where to start, so they don’t start at all. I agree...
Use Your Law Firm Accounting To Be More Profitable You Can Measure Almost Anything In Your Law Firm. It’s What You Do With That Information That Matters. If you are operating a law firm, measuring and monitoring your Key Performance Indicators (KPIs) will help...
Outsourcing Your Law Firm Accounting As An Attorney Your Time Is Valuable. You’re Constantly Pulled In Multiple Directions And So Many Things Need Your Attention. Guess what gets pushed to the back? Accounting. I see this a lot in law firms. The owner thinks...
Selling Your Law Firm Starts Now Law Firm Strategies Many law firm owners see their firm as a retirement plan. If that’s the case for you then you need to start thinking now about how to get the most when selling your firm. These are ideas and strategies that...
Growth is enhanced by focus. Often business owners will focus on many things at a time and then feel as if they are accomplishing very little. If you will focus on ONE issue at a time you will have more traction in your business, which will cause change and spur...
There is one thing that separates your business model from a well-oiled machine. No, it’s not marketing, or branding, or a dynamite product, or even customer service. It’s one simple thing. Processes. More importantly, written processes. If you want to…. Hire Grow Add...