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Sharp ideas on profit & cash.

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

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Accounting Strategies For Small Business · 10 min read

Why Your Small Business Needs Some CFOing

I have spoken with enough small business owners to know they don’t understand what role a Chief Financial Officer (“CFO”) would play in their business. Admittedly,…

Outsourced CFO Business Advisory Services · 10 min read

CFO’ing for Franchisors

I was recently at a 2-day franchisor retreat. As a franchisor myself, I am around the industry quite a bit. It was one of those retreats…

Small Business Accounting Terms · 9 min read

Decoding Accounting: A Crash Course in Inventory Management

I love Under Armour. I am very brand loyal and it is not uncommon to see me in multiple Under Armour outfits throughout the week. As…

Accounting Strategies For Small Business · 7 min read

An Easier Revenue Growth Formula: Building Your Ideal Customer Profile

I don’t know a business owner that I have sat down with in the past that has said: “I have just the amount of customers I…

Small Business Accounting Terms · 6 min read

Decoding Accounting: Cash vs. Accrual

I was meeting with a business owner last week who told me they were interested in moving to accrual-based accounting method. They were currently on the…

Accounting Strategies For Small Business · 8 min read

Back of the Napkin Profit Growth

In late July I was having drinks with an acquaintance, let’s call him Derrick, who is contemplating franchising his men’s hair salon concept. I was put…

Small Business Accounting Terms · 12 min read

Decoding Accounting: Old 401(k) Math + New Rules

The Department of Labor released a new rule to make it easier for small businesses to band together to create joint 401(k) retirement plans for workers. …

Business Accounting Guides · 11 min read

5 Considerations For Bringing in a New Partner for Your Small Business

According to the Small Business Administration, 70% of businesses are owned and operated by sole proprietors. While that is a huge percentage, it still leaves a…

General Accounting · 10 min read

Flowers and Profits – How One Small Business Owner Manages Through His Bank Account

I was sitting in a local chamber of commerce meeting this past February where the discussion topic was how to attract more young employees into the…

Accounting Strategies For Small Business · 6 min read

Bid Ideas for Small Business: Scaling Your Small Busiess Doesn’t Always Lead to Profit

The ride-sharing company Uber had its initial public offering (IPO) in May 2019. Depending on how you calculated their valuation, the Company was worth between $75…

Accounting Strategies For Small Business · 9 min read

6 Signs You Need An Accountant

My first contact with a potential client is usually a quick introduction call. On this call, I love to learn more about the owner and their…