Outsourced CFO Support that grows your cash and your confidence Hi Reader, Is your summer over or just getting started? I'm always conflicted at this point in August because in the Seattle region the official summer weather just started, but we're also only a few weeks away from school starting. It's a confusing time for me. Thanks for listening. Before we get to the blog this month, I want to share my themes I've been noticing where clients are getting stuck Dips in revenue Staying Focused...
about 1 month ago • 2 min read
Outsourced CFO Support that grows your cash and your confidence Hi Reader, Want to take home more money instantly? Yea me too... Seriously though, here's 2 quick wins you can do when looking at your P&L (profit & loss or income statement): Check for unnecessary spending in software - I guarantee you, you have at least one software subscription your not using that needs to be canceled. We do this for our clients on a regular basis, usually once every 6 months or more frequently if needed. Look...
3 months ago • 2 min read
Outsourced CFO Support that grows your business and your confidence Hi Reader, 6 weeks until Summer Break for our family (not me specifically, but the younger people I live with). In April, I lead a KPI Workshop for Finance Fight Club Community members and we explored how tracking the right metrics transforms business decision-making. Struggling with your KPIS or not tracking any? here are two tips to get you started: Your KPIs must align with YOUR specific business goals, not someone else's....
4 months ago • 1 min read
Outsourced CFO Support that grows your business and your confidence Hi Reader, Happy Spring! AI is fun, but is it secure? On Monday, a group of friends and I got together to chat about how we're using AI in our accounting & finance firms. Here's a few things that came up: Good use cases for AI: Automations Writing SOPs Creating client communications Where we all agree to be cautious using AI: Client data security - no one is using AI to interpret client data because the security risk is...
5 months ago • 2 min read
CFO Support that grows your business and your confidence Hi Reader, Here's how I gave myself an instant raise ✅ I cut a software expense from my business expenses that I had been on the fence about for a few months and finally felt like I wasn't using it to drive revenue - Saved $500 / month. I plan to pass this directly through to my personal income each month✅ I switched our housecleaning from weekly back to monthly >> going from $528 back to $163/ month in cost saving $336/month $336+ 500...
6 months ago • 1 min read
CFO Support that grows your business and your confidence Hi Reader, I have some big, bigger, and to-be-continued news to share that I can't fit all in one update - so stay tuned for my March update to get all the details. The big news: We've launched flat-rate due diligence packages for those looking to purchase a business that is under $3M in annual revenue. This is something we've been doing on the down-low (do people still say that?) and it just made sense to make it more formal. The...
7 months ago • 1 min read
CFO Support that grows your business and your confidence 2024 Top Ten Most Read Blogs WINNER at #1: 10 Things Your CFO Wants You To Know #2: 6 Things Your Bookkeeper Wants You to Know #3: Q&A with a CFO #4: 3 Essential Tips for Pricing Your Product or Service #5: What is a Chart of Accounts for a Small Business? #6: Why Matching Your Chart of Accounts for Financial Reporting Is a Must for Small Businesses #7: How Fractional CFO Services Can Transform Your Small Business in 2025 #8: A Tired...
8 months ago • 1 min read
CFO Support that grows your business and your confidence BIG NEWS: Finance Fight Club has added services now for members Hi Reader, Is your business ready for 2025? if not, don't stress - there's still plenty you can do now to be prepped for a gangbusters year. Below are 2 new blogs for you that can help get you set up for financial success next year. A quick note on FINCEN BOI reporting - If you haven't been paying attention. There is a new reporting requirement for small business owners...
9 months ago • 2 min read
CFO Support that grows your business and your confidence Hi Reader, As of drafting this newsletter, I'm very impatiently waiting for a baby to be born. If you haven't been in those final weeks of pregnancy, let me tell you - it is the WORST. Babies are the most unpredictable things on this planet and despite my hours of googling there is no sure way to eject a baby before it's ready (other than elective C-sections, but not my choice). So while the rest of you might have spent the beginning of...
10 months ago • 2 min read