Business Model

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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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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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Trust me, I’ve got a great business here

By Anna Masker In standard31st March, 2017 Trust me, I’ve got a great business here

Looking at the numbers before me I realized that this business owner obviously never used his financials to make decisions.   In short form…they were a mess.   Don’t get me wrong.  He had a very successful business which he grew by his gut feel.  You know– it’s the entrepreneurial intuition that makes many non-business people

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“The Short Hurt”

By Anna Masker In standard24th March, 2017 “The Short Hurt”

I think I’m in love…   I’ve fallen hard for a phrase I just heard and I cannot get it out of my mind because it sums up everything so succinctly and powerfully that my many, many words and conversations with clients and blog posts over the years could never do.  It is “The Short

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Why we DON’T recommend QuickBooks Online – PART 2

By Anna Masker In standard10th March, 2017 Why we DON’T recommend QuickBooks Online – PART 2

We often get asked if we recommend QuickBooks Online (QBO).  In many cases we say no.    In our last post, we talked about how QBO lacks many important features for growing businesses using their financial system for both analysis and keeping control over their finances.     In addition to not handling job costing and

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