June 3
Business Best Practices
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Guys. I bought a cactus.
Home Depot has these adorable little cacti on display as you exit, and after walking past them several times (we’re painting our house, so we’ve been frequent customers lately) I finally decided to get one.
My husband, aware of my ridiculous impulse buys, headed out to the car while I stopped to pick one out. I decided on this cute little one with a bright pink flower on top. I made my purchase and headed out to the car to show it off.
Not known for a green thumb I started to read the instructions on how to keep this thing alive (my husband gives it 2 months). I noticed that it referred to a yellow flower, which seemed a bit weird since I picked this one specifically for the bright pink flower.
So i take a closer look at the flower and I can’t quite tell where it’s growing out of the cactus….
...and that’s when I saw the glue.
I kid you not, my pretty little flower was made of tissue and glued on.
Clearly I should have put a bit more thought and attention into my purchase.
This isn’t the first time I’ve done something without paying enough attention and I bet it won’t be the last.
Are there things in your business that you haven’t been paying enough attention?
When it comes finances, here are 3 things to pay more attention to in your business.
Software, advertising, services, all the little things needed to run your business can add up. Sure it feels small and manageable, $5 a month here, $10 there, $30 over here, but add it all up and you could be spending way more than you realize.
Get a handle on this by reviewing your expenses every month, take inventory of all the things you’re paying for and figure out if you’re really using them or if you even need them at all. Pay attention to your expenses and keep more of your profit in your pocket.
Cash is the lifeline of every business, it keeps the doors opens. Not being able to pay bills is the number one reason most small businesses fail.
Don’t let that be you, pay attention to your cash. You need to know how much is coming in and how much is going out every day.
You work hard, you provide valuable services for your clients and you deserve to be paid. Make sure you’re tracking and following up on your outstanding accounts every week. Don’t be your client’s line of credit!
Don’t treat your business finances like a poorly researched cactus purchase, pay attention to the things that matter.
Need a better way to track these numbers but you’re not sure where to start?
How do you pick an accounting software and get it set up? Let me help you. Reach out here.
You know bookkeeping is vital to the success of your business. Stop procrastinating and start getting it done with this simple checklist. You’ll get:
When it comes to running a successful business, few things are as crucial as cash flow. You might have heard the term before, but what exactly is cash flow, and why should you, as a business owner, care about it? Let’s dive into the basics of cash flow and explore why it’s vital for your
Read MoreCashflow is the lifeblood of a small business. Without money coming in things can turn sour quickly. But what if you’ve got the clients, and you’ve done the work, but the invoices just aren’t getting paid? Here’s how to get paid and get paid faster.
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