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...
Top 3 Reasons Your Team Needs to Track Their Time!
We get it. Nobody likes tracking their time. There’s no way around it. It sucks. But as much as it sucks, there are 3 critical reasons to enforce strict time tracking: 1) Increase performance of an individual team member by $24,912. 2) Avoid the turtle growing to its...
The Top Three Things to Think About Before Your Next Busy Season
It’s finally time to take a breath after the craziness of busy season. It’s tempting to kick back and gear back. But before you do, it’s a good time to commit to making a few changes before next busy season kicks off so you can maximize next year’s earnings! ...