Monday, December 24, 2018
Friday, December 21, 2018
Assessment of your business for an improved 2019!
|
Thursday, November 29, 2018
The Importance of Budgeting in Business
Source: https://wlf.com.au/importance-budgeting-business/
Some business owners begin their operation with a wave of optimism and enthusiasm but without a well thought out budget they find it is not possible to create a successful action plan.
When running a business it’s easy to get bogged down with day to day problems and miss the bigger picture. Successful businesses allocate time to create and manage budgets, prepare and review business plans and regularly monitor their financial situation and business performance.
Budgeting identifies current available capital, provides an estimate of expenditure and anticipates incoming revenue. By referring to the budget businesses can measure performance against expenditure and ensure that resources are available for initiatives that support business growth and development. It enables the business owner to concentrate on cash flow, reducing costs, improving profits and increasing returns on investment.
Budgeting is the basis for all business success. It helps with both planning and control of the finances of the business. If there is no control over spending, planning is futile and if there is no planning there are no business objectives to achieve.
A budget is a plan to:
Some business owners begin their operation with a wave of optimism and enthusiasm but without a well thought out budget they find it is not possible to create a successful action plan.
When running a business it’s easy to get bogged down with day to day problems and miss the bigger picture. Successful businesses allocate time to create and manage budgets, prepare and review business plans and regularly monitor their financial situation and business performance.
Budgeting identifies current available capital, provides an estimate of expenditure and anticipates incoming revenue. By referring to the budget businesses can measure performance against expenditure and ensure that resources are available for initiatives that support business growth and development. It enables the business owner to concentrate on cash flow, reducing costs, improving profits and increasing returns on investment.
Budgeting is the basis for all business success. It helps with both planning and control of the finances of the business. If there is no control over spending, planning is futile and if there is no planning there are no business objectives to achieve.
A budget is a plan to:
- control the finances of the business
- ensure that the business can fund its current commitments
- enable the business to meet it objectives and make confident financial decisions; and
- make sure that the business has money for future projects.
The benefits of budgeting should never be underestimated when running a business:
- budgeting estimates revenue, plans expenditure and restricts any spending that is not part of the plan
- budgeting ensures that money is allocated to those things that support the strategic objectives of the business
- a well communicated budget helps everyone understand the priorities of the business
- the process of creating a budget provides opportunities to involve staff, resulting in them sharing the organisation’s vision; and
- engaging the team in reviewing and comparing the budget with actuals can provide information that highlights the strengths and weaknesses of the business.
If you’re running your business without a proper budget you may find you’re actually just running around in circles and not meeting your long-term goals. By taking the time now to set a budget, you will free up time in the future and give yourself the best chance of achieving the rewards you want for your hard work.
-Karen Banks, Advisor
Saturday, November 24, 2018
The financial power in numbers: Discover what your numbers really mean - Educational seminar
The first educational seminar hosted by Soledad Tanner Consulting LLC was “The financial Power in Numbers: Discover what your numbers really mean” was a total success!! We had a full house! Thanks to all who come to the event and made it a success.
Soledad Tanner, MIB- Founder of Soledad Tanner Consulting, LLC spoke about how to understand the numbers that create success for your business, Shahara Wright – Commercial Lawyer and Founder of The CEO Effect, LLC, spoke about Contract for your business, Sofia Ivanka - Founder of Building Smart Kids spoke about Education as an investment.
A huge thanks to all sponsors: Angelica Noyola CEO of Snapper Jack's Catering for providing the delicious food for the event (http://snapperjackscatering.com/), Rianne Rivadeneira CEO Rent-A-Spanish speaker for being our Master of Ceremony (https://riannerivadeneira.com/ ) and to Danelia Argueta – Marketing & Business Development Officer of Cy-Fair Federal Credit Union, for her “Random act of Kindness” rewards to our guests (https://www.cyfairfcu.org/).
Save the date: Next seminar will be: Tuesday February 19 @ 6:30 pm. Stayed tuned for details on the next event in this series. Reach out to me (832) 998-2136 for a complimentary consultation on how your business can be in the journey of improved profit & Productivity.
Soledad Tanner Consulting provides Business Consulting and Financial Management Solutions to businesses, professionals and corporations interested in maximizing their PROFIT & PRODUCTIVITY
Soledad Tanner, MIB
Friday, November 23, 2018
Thursday, November 8, 2018
Monday, November 5, 2018
Adriana en complicidad. Entrevista a Soledad Tanner # 3
It's time to analyze the productivity of your business. Did your business have profit? Could you have made more? Did you spend too much? What else can you do to make the next year even more successful? Do you check your results every month? Do not wait to run out of working capital to figure out your finances. In 2018 we had a significant reform of the tax law. Not knowing about the changes can cost you thousands of dollars.
Hire an expert to advise you so you can increase the profit of your business. In Soledad Tanner Consulting we will guide you with strategies so your business runs at 100%. Listen to the interview (In Spanish) for tips and contact: (832) 998 2136 or Soledad@SoledadTanner.com. For more information: www.soledadtanner.com
More about Adriana Calhoon - AC Media TV: http://acmediatv.com/
*********************************************************************************
Es tiempo de analizar la productividad de su negocio. ¿Tuvo su negocio utilidad? ¿Podría haber ganado mas? ¿Gasto demasiado? ¿Que mas puede hacer para que el año que viene sea aun mas exitoso? ¿Revisa todos los meses sus resultados? No espere quedarse sin capital de trabajo para darse cuenta de sus resultados. En el 2018 tuvimos una gran reforma de la ley de impuestos. El no saber de los cambios le puede costar miles de dólares.
Contrate un experto para que lo asesore y así incremente la utilidad de su negocio. Soledad Tanner Consulting le da estrategias para que su negocio este al 100%. Escuche la entrevista por tips y contactemos al: (832) 998 2136 o a Soledad@SoledadTanner.com. Para mas información: www.soledadtanner.com
Mas acerca de Adriana Calhoon - AC Media TV: http://acmediatv.com/
Subscribe to:
Posts (Atom)