SMEs may feel burdened by the numbers prop up their business. If they aren't aware of all of their finances, they might even feel confused. Many owners of small businesses are unaware that an astounding 80% of U.S. businesses fail within the first 18 months. Usually, poor money management is one of the key factors. Having a dependable and expert accountant may help you out with this kind of problem.
On today's episode, Your Accounting Sanctuary Founder and Managing Director Nikki Firth explains the significance of managing your finances. A brilliant business idea is one thing, but controlling your finances—from cash flow to pricing to financial planning and modeling—is an entirely different component of running a successful company. This is where accounting comes into play.
With over 20 years of accounting and tax experience, Nikki Firth is a Financial Conduct Authority (from the UK), and a registered tax agent who loves helping clients through their business and tax planning.
My goal is to come up with some "out-of-the-box" ideas that will help you accomplish your objectives in the most tax-efficient and asset-protective methods possible. We assist you and provide you with the knowledge you need to do what you do best – grow your business.
Tune in to this episode!
Key Takeaways:
Connect with Nikki
P.S Whenever you’re ready, here are 3 ways I can help you create more cash flow, more wealth and more time:
1. Get the 60-minute crash course
In our FREE Facebook Community, we have an on-ramp program that will help you map out your goals, review your foundations, get some quick runs on the board and get you excited again about your life and business. If you want to learn more, visit https://www.facebook.com/groups/thewealthmentorcommunity/
2. Join our Your Lifestyle Business Implementation Program and be a Case Study
I'm putting together a new business owner case study group this month... stay tuned for details. If you'd like to work with me on your scale plans... contact me on Messenger and comment the word 'Case Study' at https://www.messenger.com/t/jackson.millan
3. Book a Breakthrough Session
And if you ever want to get some 1:1 help, we can jump on the phone for a quick call, and brainstorm how to get you to remove cash flow bottlenecks and turn your business profits into personal wealth. contact me on Messenger and comment the word 'Breakthrough' at https://www.messenger.com/t/jackson.millan