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How much should you have in cash reserves?

By Anna Masker In standard31st August, 2017 How much should you have in cash reserves?

Hurricane Harvey has caused a tremendous amount of damage in Houston, TX.  Unfortunately, many of these businesses are relying on their insurance to cover the damages.  However, many business owners may be disappointed that their policies have exclusions that leave them holding the bill for much of the rebuild and repair.  Sadly, many of these

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You can’t run your business by looking at your bank balance

By Anna Masker In standard4th August, 2017 You can’t run your business by looking at your bank balance

Is this how you check on the health of your business? Step 1: Log in to your bank. Check the balance. Do a few small calculations in your head. Breathe a sigh of relief or panic and make a few phone calls. Step 2: Check sales numbers. Do a few small calculations in your head.

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“It’s not a toomah!”

By Anna Masker In standard1st August, 2017 “It’s not a toomah!”

Flipping through the channels, I happened to hit upon the greatest line of the movie Kindergarten Cop. Arnold Schwarzenegger was an undercover cop acting as a Kindergarten teacher.   While he was struggling to manage the rowdy class, he happened to complain about a headache. One child said, “Maybe it’s a tumor!”  to which Arnold fired

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5 mistakes your bookkeeper is making that you don’t even know

By Anna Masker In standard21st July, 2017 5 mistakes your bookkeeper is making that you don’t even know

Your accounting department can be chugging along, cranking out financials that, on the surface, look great. The numbers look reasonable and you can explain away things that look a little out of whack. However, below those top-line numbers, trouble can be brewing.  Most of the time, you won’t even know it. Many businesses rely on

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How to develop effective KPIs to drive your business

By Anna Masker In standard14th July, 2017 How to develop effective KPIs to drive your business

In our last post we talked about how you can kill the effectiveness of your Key Performance Indicators (KPIs) by trying to measure too many of them. I think that a big reason why business owners overdose on KPIs is that they don’t know how to develop a meaningful KPI, and fall into the trap

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Killing KPIs

By Anna Masker In standard27th June, 2017 Killing KPIs

There is a new epidemic hitting businesses today.  Many companies are overdosing on, of all things, KPIs. Business owners can easily kill the effectiveness of their KPIs by trying to measure too many of them at the same time. When an owner first starts using KPIs, they often go crazy. “What gets measured gets done,” they think. Many

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Why doing client work is bad for your business

By Anna Masker In standard16th June, 2017 Why doing client work is bad for your business

I looked at my calendar, and 75% of the month was color-coded blue. I knew that was very bad. Blue on my calendar=client work. And me doing client work is bad for my business. If I had to guess, you doing client work is bad for your business too. I’ve been color-coding my calendar for

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Growing your way into bankruptcy

By Anna Masker In standard4th May, 2017 Growing your way into bankruptcy

“PAUSE, PAUSE, PAUSE!!!” I was yelling at the remote and pushing every button.  I had somehow put the TV show my husband and I were watching  in fast-forward mode.  Exasperated, I tossed the remote to my husband who deftly found the pause button and stopped the madness.  After he stopped laughing, he revoked my remote

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It’s more than flipping a switch

By Anna Masker In standard21st April, 2017 It’s more than flipping a switch

“It can’t be THAT hard…”  That was the unspoken message my prospect was giving me over the phone. I knew where this was heading. It was leading to a “thanks, but we can do it ourselves” conversation.  I knew it would have taken them a lot longer, a lot more energy, and a lot of trial and error

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I’m sorry, I forgot my magic wand at home.

By Anna Masker In standard10th April, 2017 I’m sorry,  I forgot my magic wand at home.

“Why are we still finding issues with our numbers?!  It’s been three months since we started this process!” my client demanded.   He was right.   We were STILL finding issues with the numbers.  It was futile to mention all the things we had already fixed, or explain to him that when you fix some

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