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Talk Numbers

Talk Numbers     Business Owners face many issues every now and then, however, their time is always limited. Hence, the need to prioritize their time on attending to the most pressing issues. Always start by asking the size of the Issue using numbers. Use : "How many ?" "How much ?" "What's the difference…
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Cut To The Chase In Your Business Planning Exercise!

Cut To The Chase In Your Business Planning Exercise!     Just yesterday and today, I completed 3 X 2-hour White Board Planning exercises with 3 different business owners. These business owners are at different stages of their respective business growth cycle. Yesterday, I spent 2 hours with 1 business owner on his impending new…
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Bad Paperwork and Workflows

Bad Paperwork and Workflows     Lately my accounting firm just Onboarded a new client, and managed to close the accounts of a business for its fiscal year end accounts, after 3 months of sorting out the past paperwork! This company hired a virtual assistant (VA), based in the Philippines to help out with the…
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Do Not Over Invest In Initial Renovations!

Do Not Over Invest In Initial Renovations!     Lately I came across a prospect client, having invested too much on renovation of his store. As per accounting principles, all renovation costs would need to be depreciated over the Tenure of the lease. The monthly depreciation amount comes up to be more than the monthly…
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