Increasing Profit in 2024 – Mastering Supplier Negotiations
One of the easiest ways to increase your profit in 2024 is negotiating with your suppliers. Here are some ideas to help you ace your supplier negotiations: Know Your Worth: Get a list of your vendors, rank ordered by how much you spend with them. Who is your biggest...
Four Steps to Higher Profit in 2024
We have helped a ton of clients increase their profit with a simple 4 step program. STEP 1: A PICTURE is worth 1,000 words. Get rid of the Financial Statements (created by accountants for accountants) and tell your accountant to switch to using simple charts and...
Unlock your profit growth with the 80-20 rule
There are lots of ways to increase profit this year. One of the best ways is to focus on the 80-20 rule. Simply put, the 80-20 rule (aka the Pareto Principle) is: “Roughly 80% of outcomes come from 20% of causes.” - Quoted from about a million websites....
Four Simple Accounting Hacks for Non-Accountants
Hack #1: Become a “Receipt Ninja”: Snap photos of your receipts on a mobile app that connects with your accounting software (like Dext). As long the app is set up properly, it will save tones of time. Hack #2: More Pictures, Less Numbers: Turn your books into charts...
Do you know the difference between Sales and Revenue?
Sales and Revenue are terms that often get mixed up, but they have very distinct meanings. Understanding the difference between them is key to understanding financial health. An easy way to think about it is breaking it down into three steps: Sale, Revenue, and...
Was your year-end a disaster again?
We know the feeling. It's that time of year when you're scrambling to get your books in order to send to your accountant. You’re hoping they can figure out a plan, so you don't owe an arm and a leg in taxes. It's enough to make anyone want to crawl under a rock until...