Let Us Help You With the Parts of Your Business You Don't Love

Many entrepreneurs find something they love and turn it into a business, but eventually wind up running a business instead of focusing on the thing they loved in the first place. Here's how we can help get you back to doing what you love.

We work closely with many small businesses and find that people have become entrepreneurs by circumstance. After all, not many children say that they want to be an entrepreneur when they grow up.

So how does one become an entrepreneur?

Most of us started working just to make a living. Many of us worked a lot of different jobs because we didn't enjoy what we were doing to make a living, but then we finally found something we really enjoyed—and it paid.

We weren't always the best at these things, but we stuck with them and got better. Before we knew it, we were pretty good at something. Then, we became recognized by the people we worked with as being pretty good. We made progress in pay grade and other areas, and really set out on a career.

Somewhere along the line, however, we found ourselves getting frustrated at the people we worked for. Maybe we didn't like the way they ran their business or how they treated their employees. At some point, we reached a point where we thought, "You know what? I can do this better than these bozos that I'm working for." That's when many of us entrepreneurs decided to go into business for ourselves.

Then, we scraped up a little bit of cash, a ton of courage and opened our own businesses. Sure enough, many of us found that we could do it better than the bozos we used to work for. We expanded our businesses to the point where we needed to hire employees, buy equipment, and do other things to stay on a successful path.

“

Running your business isn't always the same
as doing the thing you loved in the first place.

”

At that point, many of us realized that we were no longer doing what we liked—we were running a business.

Running a painting contractor business is not the same as being a painter. Running a plumbing business is not the same as being a plumber. Eventually, we found that the business forced us to get involved with things we didn't know very much about and weren't very good at, and we spent more and more time away from the things we really like doing.

That's where I can help.

Accounting is generally one of those things that entrepreneurs generally don't like to do. As a recovering accountant, I certainly know how that works. That's why we encourage entrepreneurs to hire people who actually enjoy the parts of the business that you don't like or don't have expertise in. It frees you up to go back to doing what you like best: taking care of your customers, making sure your crews do things right, and doing a good job for your business.

We perform all the services that help you grow to your full potential, and we can do that remotely with online technology and the cloud. We don't have to take up your time and space. We've even approached business on the basis of eliminating their offices completely!

If you have any questions at all about how we can help you grow and increase your business, don't hesitate to call or email us today. We'd love to help!

Where Is All Your Cash?

If you only study your profit and loss statement, you aren't getting
the full picture of your business finances.

“My financial statements show I’m making money, but I don’t have any cash.” We hear this statement all the time from entrepreneurs like yourself. Most assume they should just drastically cut expenses and they’ll be OK. Here’s what you should do instead.

If all you are looking at is the income and expense portions of your financial statement, you are only seeing part of the picture. Your financial statement consists of two parts, the profit and loss and a balance sheet of assets, liabilities, and equity.

The profit and loss portion reports your income and expenses, which all flows into the balance sheet. The balance sheet tracks the changes in the assets, liabilities, and equity. These two separate documents arithmetically prove each other by being in balance. Each is useless without the other. To see the entire picture of your business, you must be able to read and understand both.

Now, where does the cash go? The answer is revealed by the balance sheet. Let’s say that last month you made a profit of $49,000 but your cash went down by $35,000 and you’re feeling broke. What happened?

“

We want you to understand
your company’s full financial picture.

”

Well, the inventory went up by $18,000, you bought a piece of equipment for $13,000 in cash, your receivables went up by $26,000, and your payables went down by $27,000. This is where the cash went. The activity is revealed to you in the balance sheet if you read it or hidden in there if you don’t. That’s where the cash goes to hide.

We aim to teach you how to read the complete financial report on your business. We can also help prepare a simple supplementary piece called “The source and use of cash statement,” which highlights the cash activity for you.

This is just one of the reasons why you need much more than just bookkeeping from an accountant to protect and maximize your business’s performance. You need a qualified, experienced accountant on your team. You worked too hard to not hire the best, you deserve it.

If you have any questions for us at all, don’t hesitate to give us a call or send us an email. We look forward to hearing from you.