by Virginia Elder | Jun 7, 2024 | Money
SUMMARY: Financial independence involves having enough income to cover your living expenses without work, while early retirement means choosing to stop working before the usual age, often supported by strategies like the FIRE movement. Key considerations include the...
by Virginia Elder | Apr 4, 2024 | Money
SUMMARY: The Time-Management Matrix, also known as the Eisenhower Matrix, is a productivity tool that categorizes tasks into four quadrants based on urgency and importance, helping you prioritize effectively. By focusing on Quadrant 1 (Important and Urgent) tasks...
by Virginia Elder | Mar 19, 2024 | Money
SUMMARY: Overcome cash flow issues in your small business by implementing a cash flow calendar, adopting the profit first method, automating client payments with ACH, staggering client due dates, regularly reviewing and canceling unused expenses, consolidating...
by Virginia Elder | Mar 12, 2024 | Money
SUMMARY: The Profit First Method flips traditional accounting on its head, ensuring businesses prioritize profit from the get-go. This approach leads to enhanced financial control, reduced expenses, and supports sustainable growth. Are you struggling to keep your...
by Virginia Elder | Mar 10, 2024 | Money
To apply the profit first method, start by setting up your accounts and understanding your finances, then allocate income to ensure profit is prioritized. Monitor and adjust regularly to maintain financial health as your business grows. Feeling overwhelmed by the...
by Virginia Elder | Mar 9, 2024 | Money
The Profit First Method changes the game by taking profits first before managing expenses, contrasting with Traditional Accounting that focuses on expenses before profit. Knowing which method aligns with your business strategy and financial goals is crucial. Are you...
