I have questions.

Did you buy it because it felt urgent? Or, maybe, someone said you needed it?

Did a sale, or promo create pressure?

Or how about this one-The bank balance looked “fine” that day.

Now, there may come a time where that “gut feeling” kicked in, you purchased something, and it works out. If you keep doing that, it will begin to add up.

Before you know it, these gut feelings, and that reactive spending start making it difficult to make payroll, or hire new talent, or pay the talent after you hired them. The difficulties come and you know what the next question is?

Where did all the money go?

It’s easy to get confused when business is booming, and your busy, but money is disappearing. And no one is stealing it. You know where it is going?

➡️ Those subscriptions that didn’t seem all that expensive, but you have like 20 of them, and they’re adding up. Or that premium software that you said you will learn later. Maybe, it’s the equipment you purchased because the equipment you have now works, but it’s old. See where I am going with this?

Quick Reminder: Before purchasing something for your business ask yourself these questions:

Have I reviewed my budget or forecast first?

~This is where clean books come in. Clean books will produce accurate and useful reports. Observing the profit and loss statements for the previous 3 months will allow you to notice trends.

~A/R Aging, tracks who still owes you money. Being behind with this will prevent the cash from flowing, which means the cash that is available must be held on to and not spent reactively.

~A/P Aging. can’t forget about the debts. Everyone is in business and needs their money. You have to remember who you still owe.

~Sales by product/customer/service-lets you know what’s profitable. Makes no sense putting money up to invest in something that isn’t doing your business any good.

~Can’t forget about the cashflow statement. This tells you exactly how the money is moving in the business.

Does this support a current goal or a feeling?

Will this help me make more money, save money or save time?

What is the expected return on this investment?

Can the return on investment be measured?

Do I already have something that does this?

Is this a right now need, or a later desire?

No more blind spending. Please use these questions to see clear. We don’t just do things to be doing them. Intention is key. Stress and gut feelings have no place here.

I look forward to you eliminating unnecessary expenses, building simple forecasting habits, and making spending decisions with confidence. You got this. 😊

Quote of the day

Thank you.

I hope your week has been fantastic so far. As for me, I have been getting some things done and out of the way that have been long overdue. I feel good about that. Just making space for more! Please enjoy the rest of your week and be safe. 😎

How I can help~

✨ Imagine a world where your finances are clear, organized, and optimized. My diagnostic, cleanup, and management services for QuickBooks Online accounts will give you the confidence that your books are accurate and up to date, freeing you from financial stress and giving you the clarity you need to make smart, strategic decisions for your business's future. I am also a FreshBooks Collaborative Partner. Click here to schedule a consultation.

✨ Modernize your business operations with Thryv's complete digital platform. From CRM to social media, manage everything in one place. Official partner.

✨ Your credit health is the key to unlocking new possibilities. A strong credit profile, both business and personal, is a powerful asset that can secure better financing, lower costs, and enhance your business's credibility. I will guide you through the process of building and maintaining excellent credit, transforming it from a roadblock into a launching pad for your future goals. Let’s get the process started.

✨ Where is your money being kept for retirement? Are you protected from marketplace dips, inflation, tax hikes, global financial crises? Are you and your family financially secured for the future? We don’t offer the best product we have; we find the best product FOR YOU, with the best company of your choosing that best fits your needs. Schedule a consultation.

Your privacy is important to me. I will never rent, sell, or share your email address-ever!!!!!