finances

5 ways to Finesse your Finances

5 ways to Finesse your Finances

Many times we think it is difficult to take control of our finances. You don’t have to be a guru. You simply just have to start somewhere. Discipline is the key to success. If you don’t have discipline it will be hard to reach your goals. So I am going to share 5 simple basic things you need to finesse your finances.

1.) Create income

3 reasons you need a bookkeeper

3 reasons you need a bookkeeper

Many people don’t quite understand why they need a bookkeeper. I am going to share 3 short powerful reasons why you need a bookkeeper. A bookkeeper will keep track of your income and expenses. This is very important. It allows you to create financial reports that are needed and sometimes required for lending purposes, such as line of credits or investor opportunities. Many people underestimate the story your numbers tell about your business. You want to show a high cash flow and a low liability. The only way to control that is to have a bookkeeper/accountant that can help you produce financial reports that you can use to manage your business. Which brings me to tip #1. You need a bookkeeper to:

3 people who have an interest in your business

3 people who have an interest in your business

One thing I notice is that entrepreneurs do not have enough accounting knowledge. So I want to share with you 3 people who have an interest in your business. These 3 people are called stakeholders. Google's definition of stakeholders is a person with an interest or concern in something, especially a business.

I want to go over the 3 types of stakeholders that a business should be aware of.