Maximize productivity and morale in Q4 with effective strategies! Discover how to set attainable mini-goals, embrace flexibility, prioritize personal well-being, and stay connected with your mission. Learn to finish strong with strategic foresight as you navigate the final stretch of the year. Join us in creating a thriving work environment that empowers your team to succeed!
Uncover the transformative power of analyzing past goals with Lighthouse Advisory. Enhance decision-making, optimize resources, and enhance accountability for future success. Learn effective strategies for analyzing past goals and setting improvement benchmarks. Linking reflections to future success ensures your business vision aligns with operational realities. Elevate your business with expert guidance and illuminate the path to enduring success with Lighthouse Advisory. Schedule your complimentary consultation today.
Set sail for a successful Q4 with early preparation. Reflect on your journey so far and gather wisdom from your experiences. Set clear, achievable goals for the next three months. Budget wisely and prepare for any turbulence that may arise. Engage and motivate your team for peak performance. Remember, early preparation not only ends the year right but also sets the stage for the next. With Lighthouse Advisory as your guide, navigate the unpredictable seas with confidence and skill. Let us help you shine in budgeting and financial planning. Schedule your free consultation today.
Boost operational efficiency with strategic insights from your mid-year review. Explore practical steps to identify bottlenecks, innovate processes and adopt automation for business growth. Find out how to cultivate a culture of continuous improvement with Lighthouse Advisory's expert guidance. Schedule your consultation now
Discover the key insights into integrating emergency preparedness into your mid-year business planning process. Gain invaluable tips for crafting an effective emergency preparedness plan and see how linking mid-year planning with emergency preparedness can create a solid framework for business resilience and growth. Embrace these strategies to bolster your business's foundation and prepare for continued success and stability
Reviewing your budget can be empowering. Instead of wondering how things are going in your business, you know the exact numbers. A budget is really just a plan for your money. With a budget, you’re giving every dollar a job to do. At least once a year (preferably quarterly), you need to perform a review to ensure every dollar is doing its job.
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!
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!
Going through the mid-year business review and check-in process can help you finish the second half of the year strong. This also creates an opportunity to make any adjustments to set yourself up for success. First, let’s walk through why you need to perform this critical action and why it’s important to do it now. Then we’ll share the five-step process of completing this review.
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.
If you have big business goals, then you need a business finance expert who can serve your business through a holistic approach. Not solely based on one piece of your financial picture. This is why I am so grateful to my client, Rachael Venema, for taking the time to share her story. I’m sure you will relate to her story.
This resource is for educational purposes only. Make sure to speak with your tax professional for specific guidance. As state tax laws, federal tax laws, and the small business deductions change, it’s critical that a professional with a solid understanding of the current tax law assist you with filing your taxes. Now, onto your tax prep checklist!
Whenever I’m chatting with a business owner and I say the B-word, I almost always see a cringe in response. What’s the B-word!?
Budget, of course.
Your business budget can help you take your business to the next level and it can also save you from the lows. Let me share a little more about what your business budget can do for you as well as tips for creating your budget.
I’m lucky to work with incredible organizations across the USA. As a Business Growth Specialist, it’s my job to dig into your business backend and ensure it’s capable of reaching your biggest business goals while offering support and guidance along the way. After connecting with Lisa Merritt virtually, she and her partners brought me on for business consulting to help them build a successful foundation to grow their business.
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.
An expense analysis is the process of strategically reviewing your business expenses and taking the time to audit and review each of them. It’s important to perform a proper expense analysis at least quarterly in order to ensure all your expenses are correct and up-to-date.
Think this is something you can skip or get away with performing annually?
Think again.
Let me share five stories of how an expenses analysis saved a business money or cleaned up the business books so that everything was running smoothly. But first, let me share some backstory.
This all started a few weeks ago when a business owner reached out with some questions about working with me. I had a realization that other business owners could have the same questions. While I love participating in 1:1 networking and my free introductory calls, I thought that if I took the time to record our conversation that it could answer those questions for you and when we meet, we can talk more about your business.
You can watch the video of our conversation on the blog. I hope this answers your questions, and you feel ready to go ahead and schedule our initial call.
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.
When we start our businesses, we are in DIY bootstrap mode and try to do as much as we can on our own. Once the business is up and running, it’s time to make key investments to help your business grow and thrive. When you’re a solo entrepreneur, and running the show yourself, it’s tough to decide when and where to outsource a part of your business. Your business is an extension of you, so, of course, it’s scary to let go of a part of it.
Many business owners hit a point where they need the help of experts to take their business to the next level. Let’s talk about outsourcing the most important piece of your business - the financials.
Maximize productivity and morale in Q4 with effective strategies! Discover how to set attainable mini-goals, embrace flexibility, prioritize personal well-being, and stay connected with your mission. Learn to finish strong with strategic foresight as you navigate the final stretch of the year. Join us in creating a thriving work environment that empowers your team to succeed!
Uncover the transformative power of analyzing past goals with Lighthouse Advisory. Enhance decision-making, optimize resources, and enhance accountability for future success. Learn effective strategies for analyzing past goals and setting improvement benchmarks. Linking reflections to future success ensures your business vision aligns with operational realities. Elevate your business with expert guidance and illuminate the path to enduring success with Lighthouse Advisory. Schedule your complimentary consultation today.
Set sail for a successful Q4 with early preparation. Reflect on your journey so far and gather wisdom from your experiences. Set clear, achievable goals for the next three months. Budget wisely and prepare for any turbulence that may arise. Engage and motivate your team for peak performance. Remember, early preparation not only ends the year right but also sets the stage for the next. With Lighthouse Advisory as your guide, navigate the unpredictable seas with confidence and skill. Let us help you shine in budgeting and financial planning. Schedule your free consultation today.
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