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.
If your business has money in the bank, that means you’re profitable, right?
Maybe, but maybe not.
To determine your profitability, we need to understand your business’s gross profit and net profit, all while analyzing your processes and overall costs of doing business.
Is all this making your head spin?!
Let me offer a simple guide to help you understand your business’s profitability and a few ideas on what to do if it isn’t. Let’s begin!
What would happen if you didn’t change the oil in your car?
It would start to run like crap and, eventually, cause damage to your engine.
You and I know that it’s critical to maintain our vehicles by changing the oil or else we’ll have a burnout engine. With that in mind, let me ask the next question.
What would happen if you didn’t perform a profitability analysis on your business.
It would run like crap and, eventually, cause damage to your business.
You know it’s important to perform routine maintenance on your vehicle and the same principle applies to your business.
When you need an oil change, you bring it to the mechanic/shop. You trust an expert to take care of that for you. Let me share what a profitability analysis is and why you should trust an expert to walk through this process for you. It could change your business and result in reaching your biggest business goals.
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.
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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