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Cash Flow Compass

Weekly Newsletter

1 actionable tip, idea, or insight to boost your service business finances and shed your stress. New edition every Saturday.

CFC #014 - The Risks of Using a Bookkeeper or CPA When You Need a CFO Aug 12, 2023

"Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat." – Sun Tzu

Every business, regardless of its size, thrives on a balance of...

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CFC #013 - Are Deadbeat Expenses Damaging Your Profits? Aug 05, 2023

"A penny saved is a penny earned."

As a business owner, you make decisions every day about where to spend your money.

From software subscriptions to marketing services, you invest in a variety of...

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CFC #012 - The Honest Mistake That Hurts Your Cash Flow Jul 29, 2023

"Cash is king."

As a business owner, you’re likely familiar with this phrase.

It’s used so often its meaning seems obvious.

But feeling like we know something and acting on that feeling...

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CFC #011 - 4 False Beliefs That Hurt Your Financial Results Jul 22, 2023

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”

I love that quote from Mark Twain.

It’s timeless...

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CFC #010 - Protect Your Cash Flow with ChatGPT Jul 15, 2023

ChatGPT is all the rage these days.

Given the hype, it’s natural to wonder if this powerful tool can help you protect your business’s cash flow and improve its financial performance.

...

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CFC #009 - Money-Maker Metrics, Part 2 Jul 01, 2023

Driving the financial results you want from your business is hard.

It’s even harder if you’re trying to move in one direction while facing another.

Sadly, too many business owners fail...

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CFC #008 - Money-Maker Metrics, Part 1 Jun 24, 2023

Do you feel like you should be getting more from your business?

Are you worried that you’re missing something significant?

And if you could just figure out what to do, you could unlock the...

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CFC #007 - 4 Dangerous Myths of Financial Forecasting Jun 17, 2023

Are you feeling overwhelmed in your business?

Do you have ambitious dreams, but you’re not sure how to achieve them?

Maybe you have a ton of ideas, but you’re not sure what to focus on...

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CFC #006 - The FACTS Framework for Better Financial Reporting & Results Jun 10, 2023

Is your business facing a life-or-death situation?

How do you know for sure?

The best way is to have Financial GPS installed in your business.

Last week I shared a quick snapshot of what Financial...

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CFC #005 - Stress Less with Financial GPS Jun 03, 2023

Stressing to get where you want to be financially in your services business?

You’re not alone:

Over two-thirds (66%) of small businesses significantly struggle financially.

One reason for...

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CFC #004 - Set Better Financial Goals with the 4W1H Method May 27, 2023

Are you struggling to get the financial results you want from your services business?

Or maybe you’ve reached a milestone, but now you don’t know what to do next?

One cause of confusion...

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CFC #003 - 3 Pillars of Strategic Pricing - Part 3 of 3 May 20, 2023

If you’re puzzled by pitiful profits in your services business, your gut reaction may be to push for more sales.

Sometimes this helps.

But, sometimes the potential profits slip through your...

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