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Helpful tips to figure out how much you get to keep.You started a business to make money. Yet you struggle with one of the most fundamental questions that every business owner faces: How much do I pay myself? Many entrepreneurs find themselves posing this question,...

Tips to help you manage your growing pile of bills and keep your vendors satisfied.If you're like me, you HATE checking your postal mailbox. It seems like all I get these days are bills, bills, and more bills. All the money I earn from my services goes into my bank...

Maximize the amount of cash you get from a sale - right from the beginning.Your sales contracts are the starting point to making your money. Every time you exchange a product or service for money you are signing a sales contract with your customer. This contact could...

Months 13+: Grow Your Business With Strategic Financial Management.This is the final piece of a three-part series on how to properly start up a new business with strong financial roots. Check out Part I and Part II of this series if you missed them, which looks at...

Months 4 to 12: Support Your Growing Business With Good Financial Systems.This is part two of a three-part series on how to properly start up a new business with strong financial roots. Check out Part I of this series if you missed it, which looks at your organization...

Proper Steps for Months 1 to 3: Nurture Your Baby Business With Strong Financial Roots.This is the start of a three-part series on how to properly start up a new business with strong financial roots. I get this question a lot: What am I supposed to do? Starting up a...

Understanding The Difference Is Key To Understanding Your Growth.Did you know that "Sales" and "Revenue" are two different concepts? You should know this important distinction when reading your Income Statement. "Sales" represents the products / services that were...

Start thinking about getting a loan before your cash runs dry.It's no secret...cash is KING when it comes to business. You can have the best product in the world, and you can be selling your services by the millions. But if you don't have the cash to pay your ongoing...

Can you believe that 2018 is almost over?! I feel like it was just yesterday that we were saying goodbye to 2017 and ringing in this new year. They say that time flies when you’re having fun…and boy did CFO Services Group have fun this year! I can’t believe how much...

You Can't Cut Your Way To Profitability.If a business wants to increase its profits, it needs to do one of two things - increase its revenues or cut its costs. It sounds like a no-brainer, but I am often surprised by how many people only remember the second option...

Focus On Setting Goals For Your Top-Line Revenue And The Pathway To Achieving Your Overall Goals Will Unfold.As we wrap up 2022 and look to 2023, our minds inevitably wander towards goal setting and the quintessential New Year's Resolution. I love doing goal setting,...

Be Sure To Have A Valid Business License With Your City, Or You Could Land In Hot Water.As business owners, we have a lot on our minds. Generate sales, produce a product, take care of customers, manage employees, and keep the competitors at bay. We often forget about...

Consider All The Costs Of Producing Your Product Or You Could End Up In Trouble.How much does it truly cost to produce your product (or service)? Such a seemingly simple question can often become a complex exercise for small business owners. And the consequences of...

Don't Guess When it Comes To Pricing Your Products.Pricing your product and/or services can be one of the most challenging...and important...tasks that a small business owner does. Get the pricing right, and you can sail your company into financial success. Get the...

If you have a business partner, then a Buy-Sell Agreement is a Must-Have.As human beings, we don't like to think of ourselves as mortal beings, capable of one day leaving this planet. The subject of death and dying can be quite taboo in some circles. But alas, as the...

Know the rules to ensure you don’t overpay taxes.It’s been a great year, and your employees have worked hard. You decide to reward them with a small bonus as a token of your appreciation. But did you know that there are two ways in which a bonus can be given? Before...

 DC is getting a new payroll tax...Are you ready?Do you have employees in Washington, DC? Then these new changes will affect your business and leave policy. The DC Universal Paid Leave Amendment Act passed in February 2017. This bill will provide employees with up to...

Convert Your Invoices Into Cash By Following These Tips.You've worked hard to sell your products and perform your services for your customers. You send an invoice...and then hear crickets. The most important part of your job is not done yet - collecting on your...

 A simple credit card can keep your employees paid...and happy.It's almost the 15th of the month, and payroll is due next week. But you don't have enough cash to cover it. What are you going to do? Don't panic! This scenario is common among small business owners. The...

CFO Services Group Offers Something Different For You This MonthIn July 2018, CFO Services Group CEO Manny Cosme was a guest on Business Insight Lab’s podcast. Each week on the podcast, Adam from Adam Lowe Creative, LLC interviews a business leader to gather and share...