If your business is not making a profit, it’s not an income problem – it’s a spending problem. Sure, at the very beginning of every business creation, there are startup costs. Yes, you have to spend money to make money, but you also have to be very strategic about how and when you spend money and how you save it. Find our top tips for ensuring that your company is prepared to reduce spending to increase profits.
Profit does not Equal Positive Cashflow It’s an odd statement, but it is a fact – profit does not equal positive cashflow. Profit is the result of a financial period (like a month) when your incoming revenue exceeds the applicable expenses. Cashflow is the way your income and expenses flow through your bank account. There…
Don’t Just Make Great Food – Make Good Money Every business owner goes into business to make money. No money, no business. But knowing that on a basic level, and actually understanding your financials are two entirely different things. We know our clients want to succeed. Don’t just make great food, make good money while…
Offer What you do Best, Outsource the Rest I had a really interesting interaction today with, of all people, my washing machine repairman. When he first came out, everything was great! We had an appointment, he showed up, he made a repair list, and off he went to order up parts. Easy peasy, right? Almost. …
You cook, We clean (the books): Process Design Process Design is critical to any successful business model. Particularly the restaurant business where having great food doesn’t solely equate to success. Your food and finances have to be solid. Here, we explain how Two Sense can help you manage your food and your financials with…
Here we share how to scale your business for growth, based on the numerous clients we have helped boost their bottom line!
Small Business Accounting Services and How to Hire it Out The accounting workforce is made up of 1.96 million people. Accounting is one of those professions that very few individuals are equipped to do. But it’s also one many people need. Especially those who are either just starting out or are scaling and want to…
Cost of Hiring an Employee versus Outsourcing CFO Services Whether you’re just starting or having run a business for some time, you likely are well aware that it takes money to make money. Spending decisions are made with the intention to better your bottom line. Naturally, one of the most important investments you can make…
Profit and Loss Statement – If it matters, measure it! “What gets measured, gets managed.” This sentence is a quote by Peter Drucker from his 1954 book titled, “The Practice of Management.” Many leaders believe this is one of the best business quotes of all time, and we agree! (GrowThink) Especially as it pertains to…
Your bottom line is dependent upon data. We share how to categorize revenue to boost your business’ finances using data from unlikely sources.