Financial SOP: Month End Close

Financial SOP: Month End Close

Financial standard operating procedures (SOPs) provide step-by-step instructions on how to perform important tasks in your business. These steps are important so that we get complete, accurate and timely financial information needed to make better business decisions....
Cash Flow First: Use This Reminder Bracelet

Cash Flow First: Use This Reminder Bracelet

Cash Flow First: Use This Reminder Bracelet We forget the most important things. We get busy. There are meetings and emails and phone calls. There are constant distractions that take our attention away from the most important things. In business, the most important...
Lessons From Profit First

Lessons From Profit First

“Profit must be baked into your business. Every day, every transaction, every moment. Profit is not an event. Profit is a habit.” – Mike Michalowicz, Profit First Recently, I read the book Profit First by Mike Michalowicz, and learned a couple things...
Beer Wholesaler Cascading KPIs

Beer Wholesaler Cascading KPIs

One best practice for using key performance indicators (KPIs) is to choose a top-level company goal, and then support that goal with departmental level key metrics. Identify and measure the most important number in your business Identify and measure the key drivers of...