Admit Success And Prosper
~ March 2019 ~
Welcome to the Merager Financial Solutions LLC newsletter. We're so happy you are here! Each newsletter provides a wealth of knowledge and inspires business growth.
Tips for Success
Every business owner should always know which products or services are making the highest NET profit. To know true profitability, every relevant aspect of the business should be integrated into product profitability. This includes machinery, marketing, staffing and the materials themselves.
Your financial reports are your most valuable asset as you grow your business. Knowing where you’ve been is the secret sauce to understanding where you can go. Having a budget and cash projection are the keys to discovering where you can go.
Will you ever need a business loan, seek investors or want to sell your business? If so, having at least three years of reliable financials that match the story that you’re telling these financial professionals is a requirement. The deal will stall, or not go anywhere if these aren’t in place. Hint: They will ask for your tax returns and financials for those years, and they should match.
Delegation is critical
As each company grows, the type of confidence needed for success changes. The confidence that serves the beginning company is much like an explorer, where the search is one of matching the company with clients that need that specific product or service. Once we have a solid company, we need the confidence to fully embrace the larger market that clearly needs this same service or product, but we must shed the thought that we can do everything in a complex organization.
TAKEAWAY: We can manage the financial side of your business while you create growth and make even greater profits for yourself.
If you need assistance with anything we’ve discussed here, let’s talk so you can reach your financial goals, growth, and revenue. Spend your time doing what you do best and make more money by having us solve your most pressing financial issues.