Tips and best practices

Volunteers raising money

Determining how to fund your nonprofit can feel like a daunting task. The pressure to get dollars in the door is immeasurable and can significantly stress the process of starting or maintaining your nonprofit organization.   There are many different ways to secure funding for your nonprofit, both as you get it running and as […]

How to Fund Your Nonprofit Organization

Tips and best practices

The Profit Center - finance strategy consulting

Monitoring your expenses is an essential element of financial oversight for any business owner. Knowing what money is going out the business and what costs you incur to operate is just as important as identifying how your business will generate revenue and bring money into the business. Businesses incur both fixed and variable expenses and […]

Fixed vs Variable Costs in Your Business

Tips and best practices

The Profit Center - finance strategy consulting

Budgeting is a very important activity you should be doing to help drive the financial sustainability of your business. Forecasting your finances is not a “one-and-done” exercise, but something you should be doing ongoing with a regular and recurring cadence. The goal of budgeting is not to be 100% accurate in your projections, but to […]

3 Ways Budgeting Can Boost Your Business’s Financial Sustainability

Tips and best practices

The Profit Center - finance strategy consulting

One of the biggest struggles for entrepreneurs is raising money to fund their startup or grow their business. Access to capital remains an issue for many business owners, so you have to remain flexible and get creative with your efforts. You may have to diversity across a few different resources to optimize your capital structure. […]

7 Ways to Raise Money When Starting a Business

Tips and best practices

The Profit Center - finance strategy consulting

If we are having a conversation about your business finances, you will likely hear me talk a lot about cash flow. So, what is cash flow exactly? In the most simple terms, cash flow is the movement of money in and out of your business. I’m sure you’ve heard the expression “cash is king” (or […]

5 Ways to Improve Cash Flow

Tips and best practices

The Profit Center - finance strategy consulting

“So, are you a CPA?” or “Can you help me with my taxes?”…these are questions I get often. And the answer to both is, no. I respect the heck out of accountants, but they offer a very different, but equally, important set of skill sets than I do as a finance expert. As you are […]

Why You Need a Finance Expert AND a CPA

Tips and best practices