Author: Becky Daniels

How do you weigh whether or not you should make a large purchase for your business? Ask these questions: 1 - Will this save as much as it costs?  This is a simple ROI calculation that can often be difficult to do.  There are usually hidden costs.  And there are sometimes hidden benefits.  There are… Continue reading Day 12 of 31 Days to Freedom in Your Business

Today I want us to focus on Opportunity Costs.  The best way to frame the concept of opportunity costs is with the simple question,  “If I say yes to this, what do I have to say no to?” So, if I approve an expense that I am not sure is necessary, I might eventually have… Continue reading Day 11 of 31 Days to Freedom in Your Business

With every new Profit Advisory client I take on, I ask a seemingly simple question: If a magical fairy showed up, and would give you everything for your business that you wanted (no limit to 3 - EVERYTHING you want), what would you ask for? With this list, we now can tell what the business… Continue reading Day 10 of 31 Days to Freedom in Your Business

Today we need to talk about your startup costs and funding.  This is real talk. Whether this is money from investors or a construction loan from a traditional lender, this can feel like monopoly money.  That’s because you haven’t earned this money, yet, with your blood, sweat, and tears.  Oh, but you will.  With interest… Continue reading Day 9 of 31 Days to Freedom in Your Business

We’ve spent the last few days looking at forecasting in your business, but how do we use that information to make meaningful changes that will change the business outcomes? Using benchmarking data to create a Financial Roadmap to your Best Case Scenario Forecast. Find the benchmarks for your industry, and figure out where you differ… Continue reading Day 8 of 31 Days to Freedom in Your Business