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How To Create Meaningful Financial Projections

How To Create Meaningful Financial Projections

Ditch the crystal ball and use these tools to help you predict the future.Financial projections are like a report card for businesses. They tell you where the business has been...and more importantly...where the business is going. Having meaningful financial...

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Where Can I Get Money Right Now?

Where Can I Get Money Right Now?

How to access the capital and business financial assistance you need to survive this pandemic.How do I get access to money right now? That’s the question on everyone’s mind. The Federal government, most state governments, some local governments, and a handful of...

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Disaster Planning Strategies

Disaster Planning Strategies

How to survive...and thrive...during an economic recession.We are in the midst of one of the worst disease pandemics in modern history. The COVID-19 virus is wreaking havoc across the world – not only on our physical health, but also on our financial health. Those of...

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Don’t Waste Money On Insurance Premiums

Don’t Waste Money On Insurance Premiums

Here are some tips to help ensure your business insurance payments are worth the price you pay.Most people seem to enjoy a love-hate relationship with insurance. On the one hand, you understand that insurance exists to protect you against catastrophic losses. Without...

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How Much Do I Pay Myself?

How Much Do I Pay Myself?

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,...

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How To Manage Your Bills

How To Manage Your Bills

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...

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7 Tips To Get More Cash From Your Sales Contracts

7 Tips To Get More Cash From Your Sales Contracts

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...

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Properly Starting A New Business (Part Three)

Properly Starting A New Business (Part Three)

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...

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Properly Starting A New Business (Part Two)

Properly Starting A New Business (Part Two)

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...

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How to Start A Business (Part One)

How to Start A Business (Part One)

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...

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Sales vs Revenue: Know The Difference?

Sales vs Revenue: Know The Difference?

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...

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You Need A Loan

You Need A Loan

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...

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Looking Back, Moving Forward: See How We’ve Grown!

Looking Back, Moving Forward: See How We’ve Grown!

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...

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Don’t Skimp on Sales and Marketing

Don’t Skimp on Sales and Marketing

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...

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It’s Not Too Soon! Set Your Goals For Next Year

It’s Not Too Soon! Set Your Goals For Next Year

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,...

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Do You Have A License To Do Business?

Do You Have A License To Do Business?

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...

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Uncover Your Hidden Costs

Uncover Your Hidden Costs

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...

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Are You Charging Enough?

Are You Charging Enough?

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...

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You Need A Buy-Sell Agreement

You Need A Buy-Sell Agreement

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...

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How To Properly Give A Year-End Bonus

How To Properly Give A Year-End Bonus

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...

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