Keep Track Of Your Numbers To Make Better Decisions

The Challenge

When I started working with Lily, she was in business for over 10 years and was not set up on a bookkeeping system.  Uh-oh!

The way she figured out numbers for taxes was by taking her bank statements and adding up the total deposits and total withdrawals to get her income and expenses… handwritten on the back of an envelope.  

She was in debt and wasn't paying her bills on time, and often not even paying herself.

The Insight

I asked Lily some critical questions:

• How do you run a profitable business without knowing the numbers?

• How do you make savvy business decisions?  

• How do you know if customers owe you money, or if you are making enough to pay your bills, or when you can afford to hire your next employee?

The Result

Like in Lily's case, we make sure all of our clients have a clear separation of personal and business finances, so they can quickly adjust their decisions and behaviors. This leaves you with positive cash flow and feeling empowered to make great decisions. You can’t beat that!