Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners.   These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.

It’s very simple, if you’re going to make good business decisions, you must establish and maintain good financial numbers.  My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute. Making business decisions without good numbers is like a doctor making a decision to operate on your ankle without the benefit of x-rays. It simply shouldn’t be done.   The first thing I do when I get a new client is to make sure they have good financial numbers so that better decisions can be made. Many business owners place a low priority on book keeping.  Please make book keeping a high priority, it is the only way to keep score and help you make the best business decisions.  And remember, the most successful business owners know their numbers.

Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners.   These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.

Blocking and tackling are the basic fundamentals of football, but what are the basic fundamentals of business? My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute.  Fundamental business strategy answers four basic questions: Number one, what business are we in?, Two, who is the customer?, Three, How does the customer define value?, and then Four, how do we deliver that value?  When we business owners get off track, answering these fundamental questions will put us right back on track.  Sometimes we need to go back to the blocking and tackling of business.  And remember, the most successful business owners know their numbers. 

Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners.   These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.

Here is a play that I make in order to obtain more revenue and profit.  I have been doing it for years and it has worked for me.My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute.  The play that I make that is very simple is I find telephone numbers of competitors that have gone out of business and I call the telephone company and have them forward those phone numbers to my main number. I think it costs about $20 per month.You get calls from people who have older yellow page books or simply from internet searches that have the old information.  When the customer says they thought they were calling the defunct company you simply say that you took them over.  The result is you do more business.And remember, the most successful business owners know their numbers.