A viewer recently asked me a great question. If you set aside $50,000 for growth plans and have $20,000 left over to spend, isn't the growth money also spending money?

The answer will change how you look at your bank balance. Every dollar in your business account belongs to one of three levels: ...

Have you ever looked at your bank account and wondered why, after years in business and a phone that never stops ringing, it still feels like you are starting over every year? If that sounds familiar, you are not alone. After working with hundreds of home service business owners, one pattern keep...

This post is part four of our nine part Business Decision Playbook series, where we break down the thinking tools that help business owners make smarter financial calls.

Have you ever bought something for your business that looked affordable at first, only to wonder six months later where all yo...

Most business owners think they know how much money they have. They open their banking app, see a number, and treat it as fact. But that number and the amount you can actually spend are two very different things, which is exactly why so many owners find themselves saying, "We had plenty of cash t...

Most business owners assume cash flow belongs to the accounting department. That assumption is quietly costing them money every day. Money does not live in one department. It lives inside every decision a team makes, from a marketing budget to a sales discount to a scheduling choice in operations...

Think you know the difference between profit and cash? Test yourself with Cash Flow: Two Truths and a Lie. Six rounds, three statements each, only one lie per round, and if you miss it, that lie could be quietly costing your business thousands over the years. Grab a pen, keep score, and press pla...

Did you know there are different levels of tax planning? That’s why you may have experienced a tax surprise even though you paid your estimated tax payments.

Here are the main 4 levels of tax planning and how they affect cashflow.

1.  Avoid Penalties

The basic level of tax planning is to calc...

Have you ever reviewed your profit report and celebrated an increase in sales and profitability? You gave everyone a high five and announced year-end bonuses.

A few days later the celebration was over after your bookkeeper asked you to transfer money for payroll.

You wonder what happened…how ar...

When it comes to increasing profitability, it is common for business owners to feel like Dorothy when she visited the Wizard of Oz.

Studying numbers can feel intimidating or scary.

0:11        Profitability is a simple math formula.

0:32        Did you know you can control profitability? Inst...

Watch this video to learn how income taxes are different for an employee, business entity and owner.

0:27        As an employee, income taxes are withheld for you. So, it is easy to know how much money you have to spend without worrying about surprises at tax time.

1:48        Most business enti...