When we avoid simple tasks | complicated consequences can happen in business.❓Do you like to buy stuff? It's fun, right!? It's fun to make money to spend money.
What’s not fun is to wake up one day and find out that not paying attention to the budget can result in devastating consequences.
Category: Bookkeeping
🎯 Goal: Review your budget to determine if you're overspending. It happens and can snowball before you know it.
Review your highest monthly expenses to determine if there are any savings especially to avoid overspending.
🚧 Actionable item: Consult with your CPA on assisting with a Profit & Loss statement to see the strength of your financials from the previous year.
Questions to review with your CPA:
✅ Can you explain my company's financial statements to me?
✅ How can I improve my bookkeeping and financial record-keeping?
✅ Can you help me with financial forecasting and budgeting?
✅ How can I better plan for retirement or an eventual sale of my business?
✅ Can you provide advice on financial management and growth strategies for my business?
💥 Listen to our video podcast on the horror stories of when a CPA should be FIRED!
Find out more about the project: https://auroraconsulting.biz/lets-glitch/
Shop our Merch: https://auroraconsulting.biz/shop-merch/#!/all
Welcome to the Biz Glitch 366 series where we discuss 366 mistakes that we've made and seen in business over 6 decades combined.
We'll share a mistake of the day aka GLITCHES. We've organized the 366 glitches into 21 categories. Accounting, Bookkeeping, Branding, Business Growth, Business Operations, Business Structure, Credit Score, Culture, Customer Service, Cyber Security, Financing & Financials, Human Resources (HR), Insurance, Marketing, Mindset, Legal Issues, Outsourcing, Sales, Technology, Training/Education, Website Management
WHO WE ARE:
60+ years combined of owning, running and managing businesses and working with thousands of business owners to understand how business can be fun or it can falter.
Know ahead of time what mistakes to manage and what problems to prevent...BECAUSE THEY HAPPEN!
https://auroraconsulting.biz/lets-meet/
#budgeting #businessbudget #avoidingsimpletasks #consequences #smallbusinesspodcast #businessbasics #smallbusiness #smallbusinessowner #buildingabusiness #runningabusiness #simplesense #PAPERWORK #OrganizeDocuments #Documentation #BizGtlich366 #BizGlitchProject #BizGlitch #366Glitch #SimpleSenseforSmallBusiness #AuroraConsulting #LindaReyandTrevor
▶️ 3Speak