@ankurnagpal@ochowealth We at Pinto Financial @usepinto would love to have a partnership discussion. Pinto is your Small Business CFO that provides financial tools and support to help make your business profitable. We pair tech with professional services to provide an unmatched experience.
@SeanODowd15 Check out Pinto Financial! https://t.co/c63I5HO6N7
We focus on those just starting up to about $5m/year. Pricing is flexible to fit all needs and we are huge proponents of teaching financial literacy and making sure you understand your numbers via our custom dashboard!
@ConnorAbene Couldnโt agree more. Hard to build a stable company on a DIY foundation. Getting the financial numbers right from the beginning is so important!
@ConnorAbene These are great metrics. I put my focus on cash reserves, burn rate and operating cash flow. 100% agree itโs far more important than net income
What is the number one fear of business buyers?
That the employees will walk off the job on the day one.
This is a theoretical risk that almost never manifests.
What are your best practices to ensure this doesn't happen?
@dvassallo Would love to chat. We help small businesses primarily with bookkeeping and financial forecasting. Our differentiator is our monthly report where we use video to breakdown your financials, check out a sample here: https://t.co/WPpZXKYrTo
A burning question that small business owners have is "When will we actually make money and start to see a profit?"
One way to determine this is by finding your company's break-even point.
โถ (Break-even point) 500 widgets = (total fixed costs) $1,000 / (sales price per unit) $2
This means once you've sold 500 widgets, you'll have covered all your costs and will start making a profit!
(5/5) Don't let poor financial tracking hold your small business back. Take control of your finances with a chart of accounts today! #finances#chartofaccounts#startups
(4/5) I use a standard chart of accounts as a base for my clients. If you're interested in receiving a copy, feel free to message me, and I'll send it over.
(3/5) It's essential to have a clear and concise chart of accounts to easily understand your financial statements. Without one, it becomes challenging to manage your finances effectively.
Small business owners, how do you make financial decisions?
Are you confident in the accuracy and usefulness of your financial data, or do you find it challenging to interpret the numbers?
#financialhealth#smallbusiness#financetips