Insights

Sharp ideas on profit & cash.

Practical thinking on margins, cash flow, tax, and growth — written for owner-operators and franchisors.

All General Accounting Accounting Strategies For Small Business Business Accounting Guides Outsourced CFO Business Advisory Services Small Business Financial Reporting Small Business Accounting Terms Business Strategy Small Business Cash Flow Management Franchising

Small Business Accounting Terms · 6 min read

Who cares about GAAP? Unfortunately, Franchisors must

GAAP is the four-letter acronym for Generally Accepted Accounting Principles….most non-accountants have other four-letter words they might use to describe it. Most entrepreneurs and business owners…

General Accounting · 9 min read

Strategies and Costs of Franchise Development

When I purchased Monkey Bizness Franchising in December 2015, I thought I was only purchasing a business that franchised indoor active kids play centers. Little did…

Small Business Financial Reporting · 8 min read

Why Your Income Statement Doesn’t Match You Bank Account

“How can that be my net income?” “I didn’t make that much, check my bank account?” “This income statement makes no sense to me” I have…

Accounting Strategies For Small Business · 6 min read

Marketing, Customer Value, and Capital Allocation: 3 Things Small Businesses Can Learn from Spotify

Spotify is going through changes. Recently their CFO announced he would be leaving and an in-house candidate was chosen to succeed him. The Company is in…

Accounting Strategies For Small Business · 6 min read

14 Budgeting Season Tips and Tricks

The season is upon us….its that time of year you walk into Hobby Lobby and know exactly what time of year it is without need a…

Small Business Financial Reporting · 4 min read

That Other Statement – What is the Statement of Cash Flows?

Earlier this week I was having coffee with a potential client when I heard two interesting statements from him within 5 minutes. It started with him…

Accounting Strategies For Small Business · 4 min read

How to Win in a Fighter Jet and in Business

Many would be surprised to learn that there was little science to flight combat during World War I and II. In fact, the beginning of thinking…

Accounting Strategies For Small Business · 5 min read

A Quick History on “Paying Yourself First” and Why It Matters

I didn’t learn it on my first go around. I studied a lot about entrepreneurialism and small business. Like many, I read books, articles, and most…

Accounting Strategies For Small Business · 3 min read

Your Accounting and Finances Could Be Better

Some might look at the title of this article and say “Oh ya, how do you know?” Odds are, you fall in one of those groups. …

Small Business Accounting Terms · 3 min read

Crash Course: Budgeting for Profit

The last time you budgeted for your business, I am sure you did it the way 99% of owners do. You projected your revenue based on…