Money
Financial Strategy
Everyone you talk to has a different way of managing your finances and, in theory, they all sound great. But when it comes to putting theory in to practice they do not all work, and let's not forget managing your money in a different way doesn't increase your gross revenue!
Effective marketing and exceptional customer service will put more money in the bank. What you need to be able to do is manage that money in a convenient way that ensure all of the following happen:
- Your operating expenses are covered
- Your payroll expenses are covered
- You pay yourself
- You pay your taxes
- You get your business out of debt
- Save for future growth
The reality is that most business owners get to tax season and then can't figure out what happened to the "profit" shown on their tax forms. You may spend some time in your books comparing them to your tax return, but at the end of the day all your bills were paid and you live a comfortable life, so you forget about until next tax season.
Here's the thing, you could be doing all of the above and investing in new opportunities if you took ownership of your finances. At Deeping Business Development, we use several different methods that will help you achieve all of the points mentioned about and more. None of our processes take up a lot of your time, they don't even require daily attention!
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Working on your business doesn't have to be time-consuming, but will reap you new benefits, even a regular bonus check!
Contact us today if you are ready to have your money work as hard as you!