October 25, 2016
Listen to the Episode Below: Your business numbers can seem like a foreign language. Sure, they’re speaking to you—all the time!—but do you understand what they’re saying? How can you learn to communicate with this essential part of your business? In this episode, CFO and financial educator Jonathan Ankney shares simple steps to create the numbers-related systems any service business will want. He’ll also clue you in on the top financial questions business owners don’t ask—and should. The Financial Systems That Help You Scale… Treat your financials like a learning foreign language. Grasp a new concept–or number–each day and resolve to use it. Financial understanding is made, not born, so it’s absolutely possible to achieve this vital skill. Look at your financial reports regularly. Don’t leave this to your bookkeeper or your accountant. Ask them to show you what all of the numbers mean and how they pertain to your business. Define what information from your financial reports you need to help you make good financial decisions. Examples include how many customers you have, the average…
Continue ReadingWhen entrepreneurs start their businesses, they have a number of “Holy Grails” in mind. One of them is being able to do business on a handshake (yikes!). Another is finding the perfect 1-page written agreement…
Read MoreQ: I have a business partner (“John”). He is majority shareholder with a 55/45 split. We act primarily as a subcontractor for a small number of other companies. We do not have an operating agreement. We…
Read MoreQ.: I recently started a limited liability company but have not purchased a company with it yet. I also haven’t set up any credit accounts or bank account for it. My goal is to establish…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.
And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.
I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.
