Embrace the new year with 5 Financial Resolutions for Small Businesses: Strengthen cash flow, minimize debt, maximize savings, cultivate financial literacy, and set realistic financial goals. With Lighthouse Advisory's guidance, illuminate your path to a year of financial triumph and beyond, transforming your dreams into substantial victories.
Embrace the new year with 5 Financial Resolutions for Small Businesses: Strengthen cash flow, minimize debt, maximize savings, cultivate financial literacy, and set realistic financial goals. With Lighthouse Advisory's guidance, illuminate your path to a year of financial triumph and beyond, transforming your dreams into substantial victories.
Explore strategic territories such as retirement contributions, charitable contributions, and end-of-year expenses/purchases to maximize deductions and reduce taxable income for your business. With meticulous preparation and strategic foresight, make your path towards tax season not just manageable, but rewarding too. Lighthouse Advisory will guide you every step of the way.
Balance year-end financial tasks with holiday cheer. Discover effective strategies for small business owners to prepare for tax season from November onwards, while still enjoying the festive season. Lighthouse Advisory is sharing tips to stay organized, use digital tools, and outsource tax tasks if needed.
Setting an annual budget illuminates your business's financial landscape, paving the way for informed, strategic decisions. Adjusting your budget as you sail through the year prepares you for unforeseen storms and sunlit opportunities alike. Consider your budget the north star for your financial goals—steadfast, guiding you while you measure your progress. Comparing actual performance against your plans is like adjusting your navigation on this journey. At Lighthouse Advisory, we don't just guide you. We're your dedicated crew, helping keep your business on a successful course.
Embrace the new year with 5 Financial Resolutions for Small Businesses: Strengthen cash flow, minimize debt, maximize savings, cultivate financial literacy, and set realistic financial goals. With Lighthouse Advisory's guidance, illuminate your path to a year of financial triumph and beyond, transforming your dreams into substantial victories.
Embrace the new year with 5 Financial Resolutions for Small Businesses: Strengthen cash flow, minimize debt, maximize savings, cultivate financial literacy, and set realistic financial goals. With Lighthouse Advisory's guidance, illuminate your path to a year of financial triumph and beyond, transforming your dreams into substantial victories.
Explore strategic territories such as retirement contributions, charitable contributions, and end-of-year expenses/purchases to maximize deductions and reduce taxable income for your business. With meticulous preparation and strategic foresight, make your path towards tax season not just manageable, but rewarding too. Lighthouse Advisory will guide you every step of the way.
Balance year-end financial tasks with holiday cheer. Discover effective strategies for small business owners to prepare for tax season from November onwards, while still enjoying the festive season. Lighthouse Advisory is sharing tips to stay organized, use digital tools, and outsource tax tasks if needed.
Setting an annual budget illuminates your business's financial landscape, paving the way for informed, strategic decisions. Adjusting your budget as you sail through the year prepares you for unforeseen storms and sunlit opportunities alike. Consider your budget the north star for your financial goals—steadfast, guiding you while you measure your progress. Comparing actual performance against your plans is like adjusting your navigation on this journey. At Lighthouse Advisory, we don't just guide you. We're your dedicated crew, helping keep your business on a successful course.
Mastering Business Finance Through Regular Budget Review
Unlock the power of strategic budgeting in our latest blog post, 'Mastering Business Finance Through Regular Budget Review.' Learn why October is the perfect time for a business budget assessment, the benefits of regular reviews, and how it can serve as a roadmap to success. Key insights from Lighthouse Advisory on utilizing budgeting for effective resource allocation, identifying potential challenges, and seizing opportunities.
A CFO is a trusted navigator, guiding your ship – the business – through calm seas and turbulent waters alike. They are financial management maestros, adept with strategic oversight, capital allocation, and budget management, all of which directly feed into your business's growth trajectory.
Part of their role includes identifying growth opportunities, managing cash flows, and equally balancing risk with opportunity. They ensure compliance to regulatory standards while maintaining financial stability like a tightrope walker, with the precision that safeguards your business from potential compliance landmines.
Running a successful small business is like navigating a vast ocean of possibilities. Sometimes, you need to take that extra plunge to discover hidden treasures and unlock new horizons. That's where "Deep Dives" – our version of special projects – come in. These individual projects are tailor-made solutions designed to address specific challenges and opportunities faced by small business owners like you. In this blog, we'll explore a few of the different types of special projects we offer and how they can propel your business forward.
As a business owner, October is the perfect time to review your business goals and set new ones for 2023. Here, I’ll share a simple framework that you and any key stakeholders can work through to create achievable goals for 2023 (and beyond). Before we can set new goals, we’ll need to review our current ones and look for any areas we need to focus on.
The 4th quarter of the year is upon us! You can either look at the year's final quarter as crunch time or as an opportunity to make something happen. Whether you’re on track with your goals or need a boost, let’s finish the last quarter of the year strong. I’ve seen from experience that with the right plan in place, business owners can have an incredible Q4. Today, I want to share part of that framework with you so you can finish this year strong!
You have big dreams for your business, but who will help you get there? Business owners usually have great support from family, friends, employees, and networks. However, if you’re hoping to reach some major goals, you may need third-party guidance and accountability to achieve them. Two popular sources of support are business coaches and financial consultants. Let’s walk through these roles and which one may be right for you.
A commonly asked question I hear is, “what is a strategic plan?” The short of it is that you need one to achieve your biggest business goals, so let’s spend a few minutes together breaking down what it is, and how it works. The end goal, what you need for your journey, and the directions to get there. Simply said - your strategic plan is your business’s successful roadmap for the future.
As a business owner, you work really hard and wear multiple hats (and scarves and shirts) to make everything work. You deserve to enjoy the fruits of your labor and live well without feeling stressed come tax season or hoping there’s enough money to pay yourself each month. There’s a better way to manage your business cash flow without increasing sales.
If you're working on next year's plan and could use a little help, take a moment to read our latest Blog post on building your strategy. Creating a comprehensive Strategic Plan is critical to achieving your goals. This month we're weighing in on what is the most important and how to develop a well thought out plan.
If you aren’t sure what the difference is between a bookkeeper or accountant and a controller/CFO, it’s ok, you aren’t alone. I frequently get asked if I provide bookkeeping services (I do not) but not everyone understands why. I wanted to use this month’s newsletter to explain what the differences are between the two roles.
Embrace the new year with 5 Financial Resolutions for Small Businesses: Strengthen cash flow, minimize debt, maximize savings, cultivate financial literacy, and set realistic financial goals. With Lighthouse Advisory's guidance, illuminate your path to a year of financial triumph and beyond, transforming your dreams into substantial victories.
Embrace the new year with 5 Financial Resolutions for Small Businesses: Strengthen cash flow, minimize debt, maximize savings, cultivate financial literacy, and set realistic financial goals. With Lighthouse Advisory's guidance, illuminate your path to a year of financial triumph and beyond, transforming your dreams into substantial victories.
Explore strategic territories such as retirement contributions, charitable contributions, and end-of-year expenses/purchases to maximize deductions and reduce taxable income for your business. With meticulous preparation and strategic foresight, make your path towards tax season not just manageable, but rewarding too. Lighthouse Advisory will guide you every step of the way.
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