18 min
4 Steps To A Profitable Business She Means Profit
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- Entrepreneurship
“Financial mismanagement is probably the #1 money leak in your business.”
— Melissa Houston
I always say, money is one of the most emotional things in the world. And for an entrepreneur, one of the strongest emotions connected to money is stress.
My 4-step CFO Money Method Framework is a great way to dive into better understanding your business finances, keeping track of your cash flow, and learning how to develop an effective budget. In this episode, I’ll be breaking down each step — and they’re far less intimidating than you think!
Many entrepreneurs launch their businesses without knowing how to manage their finances. Unfortunately, financial literacy simply isn’t something that most people are taught unless they go to school for accounting or to earn their MBA.
But if you don’t know how to manage your business finances, you’ll have trouble figuring out how much profit (not revenue) you are earning. You’ll have difficulty identifying and plugging money leaks. And you’ll be less able to make needed changes in your business at the time that they’d be most effective.
Once you’ve gained financial literacy and learn how to keep your finances in order, you’ll feel a weight lift. Many of my clients have told me that they’ve started sleeping better, are better able to focus, and feel more happy and confident about their business.
Understanding your business finances allows you to set goals for your business that you may not have otherwise thought possible, discover new money-saving opportunities, and focus on boosting your profits.
“It’s never too late to plan your budget.”
— Melissa Houston
In this episode, we’ll explore:
The 4 main reasons to understand, monitor, and manage your business financesThe 3 most common business finance mistakes entrepreneurs makeThe 4 steps of my CFO Money Method FrameworkHighlights:
01:19 Case study: Karen, high six-figure revenue03:07 The importance of financial management06:10 Common business finance mistakes08:11 The CFO Money Method Framework11:54 Never too late to budget13:53 Cash flow and cash reserves15:20 Case study: Karen’s results16:29 My new free training & program registrationLinks:
Register for the free training on January 19th
The 5-Step Roadmap to Biz Finance Freedom
https://melissa-houston-cpa-cga.mykajabi.com/5-step-roadmap-to-biz-finance-freedom
Work with me
https://www.melissahoustoncpa.com/work-with-me
Want more tips and inspiration? Follow me on Twitter @melissahcpa and Pinterest @melissahoustoncpacga and visit my website: https://www.melissahoustoncpa.com.
“Financial mismanagement is probably the #1 money leak in your business.”
— Melissa Houston
I always say, money is one of the most emotional things in the world. And for an entrepreneur, one of the strongest emotions connected to money is stress.
My 4-step CFO Money Method Framework is a great way to dive into better understanding your business finances, keeping track of your cash flow, and learning how to develop an effective budget. In this episode, I’ll be breaking down each step — and they’re far less intimidating than you think!
Many entrepreneurs launch their businesses without knowing how to manage their finances. Unfortunately, financial literacy simply isn’t something that most people are taught unless they go to school for accounting or to earn their MBA.
But if you don’t know how to manage your business finances, you’ll have trouble figuring out how much profit (not revenue) you are earning. You’ll have difficulty identifying and plugging money leaks. And you’ll be less able to make needed changes in your business at the time that they’d be most effective.
Once you’ve gained financial literacy and learn how to keep your finances in order, you’ll feel a weight lift. Many of my clients have told me that they’ve started sleeping better, are better able to focus, and feel more happy and confident about their business.
Understanding your business finances allows you to set goals for your business that you may not have otherwise thought possible, discover new money-saving opportunities, and focus on boosting your profits.
“It’s never too late to plan your budget.”
— Melissa Houston
In this episode, we’ll explore:
The 4 main reasons to understand, monitor, and manage your business financesThe 3 most common business finance mistakes entrepreneurs makeThe 4 steps of my CFO Money Method FrameworkHighlights:
01:19 Case study: Karen, high six-figure revenue03:07 The importance of financial management06:10 Common business finance mistakes08:11 The CFO Money Method Framework11:54 Never too late to budget13:53 Cash flow and cash reserves15:20 Case study: Karen’s results16:29 My new free training & program registrationLinks:
Register for the free training on January 19th
The 5-Step Roadmap to Biz Finance Freedom
https://melissa-houston-cpa-cga.mykajabi.com/5-step-roadmap-to-biz-finance-freedom
Work with me
https://www.melissahoustoncpa.com/work-with-me
Want more tips and inspiration? Follow me on Twitter @melissahcpa and Pinterest @melissahoustoncpacga and visit my website: https://www.melissahoustoncpa.com.
18 min