Decision-making is a heavy burden for small business owners. Decision fatique is real, and when all of the weekly, monthly, and yearly decisions fall on you, it not only bogs you down and burns you out, it slows the growth of your business and creates an internal culture of reliance and dependency.
Distributed decision-making can ease the burden on you, the owner AND create a culture of independence and action towards shared goals. It all starts with Transparency and Shared Authority.
Read MoreRecently a business owner asked me about how Profit First could be used to improve social impact. Here are three tips on how to use Profit First to drive social impact.
Read MoreAs we’re nearing the end of a quarter, what is your top priority? How are you confidently making business decisions and moving forward into this last quarter of 2021 with that priority as your driving force?
Whatever your goal as an entrepreneur, taking action is the only way to make a change. Big results happen when you and your team are able to take effective, consistent action. Repeatedly. Over time…
Read MoreProtect your business from these 7 Deadly CFO Horror Stories with killer CFO Tips.
Toxic Debt, Fraud, Theft, and bad judgement can all be avoided… If only you knew how! Well, here are some best practices to help you keep the demons away.
For business owners, the conga line of decisions to be made never stops. Yet behavioral science tells us that humans are notoriously poor at making decisions. When we “go with our gut” we are wrong more than 50% of the time. While many of these decisions are seemingly small, many of them matter...sometimes they matter a LOT. That’s why we rely on a 7-step business decision process to streamline and anchor important decisions. Here’s how you can to.
Read MoreThree systems.
That’s all you need to manage finances and propel your business growth...that sounds simple enough, right?
In theory, yes. However, one thing I’ve learned during my years as a CFO for growing companies is that numbers and financial decisions can feel incredibly stressful and complicated.
Read MoreThis misallocation of resources (you!) is a plague for growth stage companies. The underlying problem is usually weak organizational structures and teams that don’t fully understand their role and the role the owner should be playing.
They’re constantly reacting instead of doing what they do best; the thing that is usually at the core of their business.
Read More
