What’s your filing style?
We’re talking about cash flow this month and we’ve seen how it came to be king and peeked into an artists business to see what happens when it goes unchecked. Are you keeping an eye on your cash flow? Here’s an easy way to get started.
The Most Important Thing
If you don’t keep track of anything else, this is the one thing you need to watch. Continue reading Cash Flow: One Simple Thing
We’ve been talking about money both as a concept and as something concrete that you use in order to achieve your business goals. In our last post, we talked about some of the magic thinking that people have surrounding money. Today we’re going to talk about the limiting or not useful ideas business people hold that lead to bad business decisions. You could have some and not even know it! Continue reading Money Trouble: All in Your Head
Well, that sounds a little pervy doesn’t it? It’s really not; let me explain.
LaVonne Ellis, who is The Complete Flake (no really, she calls herself that), took a leap in November of last year and hosted the very first ever customer love challenge in which participants were challenged to lavish time and attention and LOVE on their customers for 28 days with no strings attached. The last two days were left for asking for something back.
LaVonne must have gotten more than she bargained for because she’s hosting it again this November with help and a dedicated website.
The Love in Action
I want you to ask those questions about your business management and accounting that you’ve been putting off, don’t know who to ask or aren’t quite sure what to ask. Ask me and I’ll give you an answer – for free this month.
You can ask something like “Am I charging enough for the sparkly fizzle doodle I make?” Send along as much information as you have (it’s all confidential – I promise) on your current price per fizzle, the cost of materials to make it and the time it takes. I’ll figure a bit and Poof, an answer!
Or, say you don’t quite have all that on hand and the question is more like “I’m not really sure how much it costs to make my fabulous sticky snoodles, can you help me figure that out?” Sure, just include a listing (nothing fancy) of the amounts you’ve spent for materials and supplies, how long it takes to make a snoodle and how many you’ve made over the last few months. I’ll take a look at that pile of information and Presto, an answer!
Maybe you’ve got questions like “My interlocking ingerrands are selling well but I’m not making as much as I thought. Can you help?” Yes, if you tell me some basic figures for sales, expenses and how much it costs to make an ingerrand (a standard profit and loss statement, that would do it too). I’ll analyze your numbers and Voila, an answer!
But I don’t know enough to ask!
Don’t think you have to know the question. Just ask what you think is the right question. This is all strictly confidential – no one will see and I’ll help you get to the question you really want.
Don’t think you have to have scads of information to back up a question either. Just send what you have. You’d be amazed (maybe even a little frightened) by how much I can tell from a few numbers and I’ll ask if I need more.
You may have noticed that these examples are all about management and accounting. That’s because most tax matters are best left to your local tax experts. Each taxing jurisdiction has its own fiendishly complex rules and you’re better off with someone who can hack through that particular jungle. General questions are fine though.
Oh, there’s no limit on the number of questions. Please, send one at a time. I’ll work through them in the order they come in. Some may take longer than others with more details or longer research and analysis.
So, Go Ahead, Send ‘Em In!
Click Here to send a question – or just to say hi, I’d like that too!