What Can You Expect from Your Bookkeeper?

A friend running an agency reached out to me and was beating herself up for missing a 40% spend increase in one of her department. Like many agencies, she had an one-person bookkeeping team who she relied on to keep her books, pay the bills, 

May 16, 2016No Comments

Best Advice for 2014: Leave the Trash at the Curb and Clean Up Your P&L

It takes me about 30 seconds to judge the quality of accounting work being done by a company by looking at their latest financial reports. Just a few weeks ago, I was chatting with a buddy of mine who runs a $2.3 million business and 

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3 Steps to Organizing Your Chart of Accounts

If you don’t have good bones, everything collapses. Huh? I’m talking about your chart of accounts. The chart of accounts is the skeleton of your agency and can provide either very meaningful numbers or numbers that really don’t tell you anything. For those of you 

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No Excuses! Own Your Numbers!

Entrepreneurs, by nature, are optimists. Working with hundreds of entrepreneurs throughout my career, I’ve found we (I’ll include myself in this mix) tend to explain our way out of financial statements. “I had to take a hit because of a capital expense.” “I haven’t had 

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Assess the Quality of Your Numbers

Feeling pretty jazzed about his business, a friend of mine, Steve, went to the bank to get a loan to expand his business. During a meeting with the banker, he shared his numbers, pretty certain he was in good shape to get the loan. The 

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Finding the Stories In Your Numbers

Most accountants don’t read their clients’ bedtime stories. But I do. And my story sounds a bit like this: Once upon a time, there was a number that stood out among all the other numbers. It practically jumped of the page, but for some reason, 

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Daily Habits of a Successful Entrepreneur: Keeping Track

In my third blog on how to improve your juggling abilities, I want to talk about tracking your progress. As you may know, I’m a big proponent of dashboards because they tell a story at a glance. In fact, I provide custom financial dashboards to 

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Daily Habits of a Successful Entrepreneur: Make Time for Yourself

As we approach Thanksgiving, it seems appropriate to talk about what we’re thankful for in our lives and in our businesses and make sure we are devoting time to those things. In this third Daily Habits blog, I want to remind you to that even 

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EntrepreWired.com: The Journey to Starting DeepSky

I want to give a big shout-out and thank you to Paul King of EntrepreWired.com. Paul recently interviewed me as part his ongoing series of profiles on what he refers to as “getting into the mindset of successful entrepreneurs.” I was both humbled and grateful for 

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Daily Habits of an Entrepreneur: Devote Time to Business Development

In part one of the my series on daily habits of an entrepreneur, I talked about maintaining focus. The second step is to devote more time to actually developing business. Your daily schedule needs to include at least one element tied to revenue-generation, no matter 

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3 Numbers That Drive Your Career in an Agency

There is a direct correlation between the work you do in an agency and what you get in return that drives your career.  And it all revolves around numbers… yes, numbers. These numbers are broken down into 3 categories represented by the value you create, 

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