We talk a lot about growing and scaling. We also talk a lot about problem-solving. We rarely talk about business contentment and being happy with the current status. Today, we're exploring the sweet spot between growth and equilibrium – because sometimes, it's okay to savor the fruits of your labor ... VIEW POST
Paving the Way to Steady and Controllable Business Growth with a Practical Budget
Have you ever felt like your business is on a wild roller-coaster ride? Thrilling, sure, but also nerve-wracking. The twists and turns of unpredictable growth can leave your head spinning. It doesn't have to be that way. Let's dive into the essential steps of crafting a down-to-earth and practical ... VIEW POST
Unlocking Business Success: The Abundance Mindset and Gratitude
Welcome to November, when the crisp autumn air carries the essence of gratitude and giving thanks. There's more to this season than cozy sweaters and pumpkin spice lattes. It's a time for reflection and appreciation, not just in our personal lives but in our businesses, too. Let's explore the power ... VIEW POST
Fourth Quarter Financial Check-up: Ensuring a Healthy Business for 2024
As we head into the final stretch of 2023, it's time for a crucial financial check-up. Think of it like going to the doctor, but for your business. A check-up is designed to diagnose and treat problems. A fourth-quarter financial assessment can uncover financial concerns that need your attention. ... VIEW POST
Elevate Your Success: The Impact of Mindset in the Final 90 Days
Welcome to October! As we enter the year's final quarter, you've likely gained valuable insights into how your business is performing. Whether you're experiencing growth, maintaining your current position, or grappling with unexpected challenges, let's discuss a critical element that can ... VIEW POST
Navigating Your Business’s Future: The Power of Budget to Actuals
Are you ready to take control of your business's future? In entrepreneurship, long-term success requires more than determination – it calls for proactive financial planning. Understanding the power of budget to actuals analysis can be a game-changer. What is Budget to Actuals? Budget to ... VIEW POST
The Power of Being Proactive in Your Business
As an entrepreneur, getting caught in a whirlwind of reactive decision-making is easy. You feel like you constantly put out fires, respond to challenges, and deal with unexpected situations. What if I told you there's a way to regain control and steer your business toward success on your terms? It's ... VIEW POST
Meet the Team Behind 4 Corners CFO
Hey there, business friends! At 4 Corners CFO, we're not just your run-of-the-mill financial experts. We're a team of dedicated professionals who eat, sleep, and breathe numbers to help you conquer your financial challenges. In addition to our numbers gurus, we have some amazing assistants who keep ... VIEW POST
Mastering the Monthly Close Process for Business Success
Imagine the monthly close process as a spotlight, revealing the intricate details of your financial journey. It serves as a pivotal checkpoint, and utilizing it allows you to monitor your business's health. This process forms the foundation for informed decision-making, and informed decisions are ... VIEW POST
Embrace Change and Unlock Your Business Potential
Are you a small business owner feeling a little lost? If you've been hustling in entrepreneurship, you know that things are constantly changing. What once worked like magic might not be cutting it anymore. It's time to take a deep breath, embrace change, and let go of old habits that might be ... VIEW POST
Making Informed Decisions During Business Contractions
Running a business is an exhilarating journey filled with ups and downs. While growth is often the focus, it's essential to prepare for potential business contractions and challenges. Just like emergency services need quick response times, your business requires access to the right information in ... VIEW POST
The Freedom to Choose Your Business Growth Path
Business owners often feel pressured to grow and scale our businesses continuously. However, at the heart of success lies the freedom to choose our own business growth path and find contentment in our achievements. Let's explore the power of embracing your current business size and how it can lead ... VIEW POST
Why Business Owners Should Pay Themselves First
No one goes into business to work for free, and most business owners plan to take a salary, but it is easy to prioritize your compensation last. While paying yourself is essential, it's a concept that many need to practice. Business owners will put everything back into their business and don't track ... VIEW POST
How to Implement Delegation in Your Business
If you have decided it is time to delegate some of your tasks in your business and you have overcome the mindset issues around delegation. Congratulations! You are ready to move into the actual implementation of delegation. Delegating starts with hiring, which is challenging and scary for ... VIEW POST
Delegating in Your Business (even when you don’t feel ready)
Do you struggle with delegating? Me too! Delegating is the process of assigning tasks to other team members, and it is one of the most resisted actions among business owners. It can be scary to relinquish control to someone else, but it is necessary for growth and long-term success. Overcoming the ... VIEW POST
9 Tips to Break Bad Business Habits
Have you ever thought your business would be so much more successful if you could stop doing X. Then you find yourself doing the exact thing you wish you could change? We all have bad business habits we want to change, and sometimes those habits directly impact our business success. The good news is ... VIEW POST
10 Tax Deductions for Small Businesses
It is tax season, which means a total focus on your business finances and the search for tax deductions for your small business. Some business owners are on top of their finances all year round, and this time of year does not add any additional stress. Others dread tax season because it is a ... VIEW POST
How Working with 4 Corners CFO Changes Your Business
One of the biggest reasons people procrastinate hiring a fractional CFO is that they are unsure what to expect from the relationship. Today we want to share what you receive when you hire 4 Corners CFO as your financial partner. Financial Clarity Almost all of our clients are very ... VIEW POST
Cash Flow Does Not Need to Be Complicated
A cash flow statement is a financial document that summarizes the amount of cash flowing into and out of your business. Cash flow analysis includes all company income from operations and investment sources. It also consists of all money from your business for activities and investments during a ... VIEW POST
The Hard Parts of Business Ownership
If you are a business owner, you are working for yourself, being your own boss, and having unlimited flexibility! Sounds familiar? Often, this is the perception of business ownership. Many people dream of leaving their 9-5's to start something that is all theirs, and it can be amazing. Hard parts of ... VIEW POST
Different Types of Business Budgets
This year, we have spent time sharing a lot of business budget information. Why you need one, the importance of having a financial plan, and how procrastination and perfectionism can be roadblocks to financial success. Today, we want to dive into two different types of financial budgets and which is ... VIEW POST
Perfection is the Enemy of Financial Success
We are one month into 2023 when much of that new year's motivation wanes. All of the excitement and declarations that 2023 will be the year your business reaches new levels of financial success (whatever that means for you) start to fade. Your goals may feel more daunting now that we are into the ... VIEW POST
6 Keys to Building a Financial Plan
2023 is well underway, and it is never to late to create a financial plan for your business! Today I want to share the six keys to building a financial plan. These six keys are the framework I follow with my clients to help them achieve a precise and measurable financial roadmap for their ... VIEW POST
Celebrating Success in 2022 & Preparing for 2023
How many business owners spend a good chunk of December setting goals for the upcoming year? There is so much content in the business world focused on goal setting and preparing for the forthcoming year. While I am about goal setting, reviewing the previous year before turning the page is essential. ... VIEW POST
How a Business Budget Leads to Success
Have you ever heard the expression, failing to plan is planning to fail? It is especially true when it comes to financial business planning. This time of year, business owners are starting to turn their thoughts to goals for the new year, and having a solid business budget should be part of your ... VIEW POST
How Past Financial Experiences Affect You Today
With the prospect of a potential recession on the horizon, there is a lot of worry and fear about what the future holds for our businesses and our personal finances. Some of those feelings might come from memories of past financial experiences and how they affected your life. If you ... VIEW POST
How to Conduct a Year-End Business Review
As the end of the year approaches, many business owners find themselves thinking about goals for 2023. While it can be exciting and invigorating to start dreaming and planning for 2023 success, you need to reflect on 2022 first. Taking time to conduct a year-end business review will give you a clear ... VIEW POST
Important Numbers on Your Financial Statements
Does this sound familiar? You receive your financial statements, take a glance and file them away? As long as the bills are paid, you don’t have the time to analyze a bunch of numbers. Let’s face it; the financial statements are packed with many numbers. We are all about the numbers at 4 Corners ... VIEW POST
How to Be Confident in Your Expertise
Every single business owner faces mindset issues around their expertise. Even when you are booking clients and things are going well, there are moments when you do not feel confident in your skills. You might wonder why people choose you when they could choose someone more qualified, has been in ... VIEW POST
Tasks to Keep Your Business Finances Healthy
We are often asked if there are specific tasks that should be completed on a regular cadence to keep your business finances healthy. The answer is YES! Many tasks should be completed either by you or by trusted financial professionals regularly for financial health. We are breaking them down by day, ... VIEW POST
Journaling for Money Mindset
If you spend time in the self-development world, you have heard people talk about the benefits of journaling. At 4 Corners CFO, we believe that the practice of journaling can be beneficial to working on money mindset issues that may be sabotaging your business success. Today we want to share a bit ... VIEW POST
Eight Places Your Business is Wasting Money
At the end of the month, do you look at your books and wonder where your money is going? Often, there are places where your small business is wasting money, and you might not even realize it! Today we want to highlight some areas where you might be able to tighten spending and start putting more ... VIEW POST
100 Money Mindset Affirmations
If you have been in business for a while, you have probably come across a book or a podcast that talks about affirmations. If you are unfamiliar, an affirmation is simply a statement reinforcing a belief you want to have in your life. Affirmations are widely used in self-development work, but they ... VIEW POST
When is it Time to Hire?
How do you know when it is time to hire? This question is common among the small business owners I speak with regularly. Hiring is a BIG deal. Especially your first hire. Today, I want to share some key indicators that it may be time to hire a team member in your business. You're Turning ... VIEW POST
Is it Money Mindset or Financial Trauma?
All business owners have stories they tell themselves about money. Some of these stories are super healthy and helpful to the business's success, and others hinder success and growth in the business. I have met many women business owners struggling to move their business to the next level and can't ... VIEW POST
Dealing with Pandemic Debt
The past two years were TOUGH for small businesses. COVID-19 affected all areas of our lives, and business owners had to make the best financial decision at the moment to try and stay afloat, and sometimes that meant accruing pandemic debt. We had to choose between paying an invoice or bill ... VIEW POST
How to Use Debt As a Tool in Your Business
There is much negativity around carrying any debt, both personally and as a business owner. If you can start and grow a business without taking out any debt, great! That is a fantastic position to be in as a business owner. The reality is that most small businesses have some debt, and it is nothing ... VIEW POST
Different Types of Business Spending
Do you ever feel like money is constantly flowing out of your business? Every time you turn around, there is another expense or bill to be paid. Not all business expenses are created equal. Today we will break down the different types of business spending in most businesses. There are different ways ... VIEW POST
Four Ways to Optimize Profit
One of the biggest challenges that business owners face is increasing profit. Many business owners assume that the only way to increase profit is to increase sales. In reality, the first place to start is not increasing sales/revenue but optimizing the profit already in your business. Today, we will ... VIEW POST
How to DIY the Fractional CFO Role in Your Business
My passion is helping business owners increase their revenue and pay themselves more. More revenue and more owner's pay only comes from understanding business finances and making sound decisions from a place of financial knowledge. Not all businesses are ready for my fractional CFO services, so I ... VIEW POST
Financial Roles: Bookkeeper, CPA, and CFO
At any level of business ownership, there are financial roles that need to be filled. It could be keeping track of your day-to-day numbers, filing taxes, or strategic financial planning. Your numbers indicate the health of your business. Many business owners never look too deeply at their finances ... VIEW POST
Best Finance Tools for Small Businesses
If you have been in business for any time, you know that there are countless finance tools for small businesses available. From bookkeeping to task management, they are designed to make your life easier and keep you organized and efficient. While some are great, others are gimmicky and a waste of ... VIEW POST
Why Women Business Owners Need to Know Their Numbers
When I started 4 Corners CFO, my purpose was to help women business owners with their finances. After MANY conversations with amazing women, I have realized that most of them do not start businesses to make millions; their first goal is to help others. 99% of the time, the women I speak with have a ... VIEW POST
How a Virtual CFO Gets You More Time and Money
For years, my kids have done chores around the house to earn an allowance that I never actually let them spend. I really wanted them to understand the value of a dollar and how great it feels to watch their bank balance grow. I didn’t want them to waste it. I also know they will never learn how to ... VIEW POST
How KPIs and Scorecards Get You More Time and Money
It’s summer 2021 and my whole house is caught up in Olympic Trial watching! It started with USA Swim Trials in Omaha as we proudly watched our local club team swimmers give it their all. Watching the Olympics has me thinking about how business owners measure their success, today I want to share my ... VIEW POST
How Variance Analysis Gets You More Time and Money
I am old enough to remember my parents using physical maps to get from one place to the next. When I started driving for myself, it was all about MapQuest. You would put in your current location, select your destination, and it gave you step-by-step instructions to get there. It even told you ... VIEW POST
How Budgets and Forecasts Get You More Time and Money
You guys are going to see me geek out today…budgets and forecasts are seriously my favorite thing to talk about. I don’t even remember when I started using budgets in my personal finances. It’s something I’ve loved doing for as long as I can remember. Some people can curl up on the couch, snuggled ... VIEW POST
How Cost Price Analysis Gets You More Time and Money
Did you know the average profit margin for a small business ranges from roughly 2% to 13%? That means for every $100,000 in sales, a business owner makes somewhere between $2,000 and $13,000. Sure, there are some that make more than that and others that are not profitable right now at all. But, on ... VIEW POST
How Revenue and Expense Drivers Get You More Time and Money
I was sitting in a Chamber of Commerce meeting this morning…and can I just take a minute to say I am so excited to be part of the “fastest growing Chamber” in the area. It feels so GOOD to be part of something that’s growing! I want every small business owner to know what it feels like to be on that ... VIEW POST
How an Expense Audit Gets You More Time and Money
Have you have ever looked at your bank balance or credit card statement and wondered “where on earth does all the money go”? Your money will go anywhere and everywhere if it’s not TOLD where to go….but this isn’t about budgets, that’s a topic for a later date. Today, we’re talking about ... VIEW POST
How Cash Flow Management Gets You More Time and Money
Cash flow management is a topic that is near and dear to my heart today as the news comes out that Texas (where I am) is ending the distribution of federal unemployment assistance early. Regardless of political opinion, the fact is, there are self-employed individuals counting on these benefits in ... VIEW POST
How Bank Reconciliation Gets You More Time and Money
As promised, this week I am talking about bank account reconciliation. Yes I know, you’re thinking this is one more step that sounds like it takes time or money rather than helping you save time and money. Just let me explain. In an ideal world, bank account reconciliations should be performed on ... VIEW POST
How Your Monthly Accounting Process Gets You More Time and Money
Here we go…part 2! We’ve talked about why accounting method matters and why I recommend accrual basis for my clients. Now I want to talk about actually DOING the accounting. Journal entries are the nuts and bolts of your financial data. Knowing they’re important doesn’t make them any less tedious. I ... VIEW POST
How the Right Accounting Method Gets You More Time and Money
As I was writing the blog (and related cheat sheet) last week, I realized… knowing what a bunch of accounting terms means is great but it doesn’t help you, as business owners, understand why on earth you should care about ANY of them. So I’m going to write a series of blogs over the next month to ... VIEW POST
Translating Accounting Terms into Plain English
In order to know your business numbers, you have to understand what your accountant (or virtual CFO – yep I gave myself a shameless plug haha) is saying! I know what it feels like to sit in a room full of professionals using words and acronyms you’ve never heard before. It’s like they’re speaking a ... VIEW POST
Is the Pandemic Redefining Work/Life Balance?
I read an article today on CNBC that talked about small business closures nearing peak pandemic levels. Here I was thinking we’re almost on the other side of this. Vaccinations are being offered to everyone in almost every state. I can see the light at the end of the tunnel….yet businesses are still ... VIEW POST
Time is Money
Being an entrepreneur means our financial analysis is about more than dollars and cents. Time is money. How much of your time are you spending on the business? Where and how are you spending that time? None of us went into business to spend less time with the people and activities we love. But ... VIEW POST
Price to be Profitable
One of the biggest hurdles entrepreneurs face is undervaluing their product/service or overvaluing the need for an expense. That sounds simple enough but the raw data behind it can get a bit complicated. Time is money, so I’m going to try to simplify this for you guys. Whether you’ve been in ... VIEW POST
Piece Your Tax Info Together
It's the most wonderful time of the year Okay, I’m a few months late with those lyrics and I’m pretty sure no business owner has said (let alone sung) that about tax season unless they DO taxes. But to those of us involved in the preparation for (or of) taxes, it’s puzzle time! I recently told a ... VIEW POST
Instantly Know Where Your Money Stands
Let’s be honest, building a business and helping others is more fun than pouring over spreadsheets or balancing bank accounts. That’s why so many of us take the ostrich approach (head in the sand) to money management. If I just pretend it’s not a problem, I can figure it out later. Right? This feels ... VIEW POST
Are you an overthinker?
I spent a lot of time trying to figure out what my very first blog post should be. I toyed with the idea of explaining what a virtual CFO is or the kind of businesses that could benefit from a virtual CFO. The truth is, you wouldn’t be reading this if you didn’t have some frame of reference for what ... VIEW POST
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