Every Monday is affectionately referred to as Money & Metrics Monday here with Team Common Cents.  It’s when we stop and take stock of our progress and make plans for the coming week. It’s also what we do for our clients on Client Time Tuesdays.

Mentioned in this episode:

• The money numbers we check…and it’s more than just keeping an eye on revenue
• The money metrics that we check (and what makes them different than money numbers)
• The 3 things I want you to do

Highlights of this episode:

• 00:41  What do we actually check?  RE: money numbers
• 01:13  Why do we check money numbers?  Like cash flow, net profit, revenue, and budget versus actual reports
• 03:01  Why you should review unpaid invoices and unpaid bills
• 05:06  What to look at in terms of positive or negative cash flow
• 05:43  What indicators of business health should we all be looking at
• 06:50  What do we actually check?  RE: money metrics
• 07:55  Why do we check money metrics?  Like pending service agreements, consultations scheduled, conversion rate, website traffic and email signups
• 09:30  How to use your sales conversion rate to set your sales goals & benchmarks
• 11:06  Your Homework:  Three Things
• 11:39  First thing – What numbers are the real indicators that show you if you’re getting closer to or further away from your money goals?
• 11:55  Second thing – set an unbreakable appointment with yourself.  Treating your business like you would treat a client – set aside some time to work ON your business.
• 13:25  Third thing – Using your numbers and the time you set aside for your business, what actions can you take?

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RESOURCES

Kill The Vanity Metrics Challenge

Money Matters Checklist

Resources List

WORK WITH COMMON CENTS

Virtual Accounting, Bookkeeping & CFO Services

Courses & Programs

Templates

Planners & Printables

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Thanks for stopping by and listening.  

Want to make sure you don’t miss an episode?  Don’t forget to subscribe and listen on:  Anchor, iTunes, Spotify, Stitcher

Want to chat and hangout with me, Joyce?  You can find me onFacebook,Instagram orTwitter…as @thecommoncents.

You can find the show notes at:  thecommoncents.com/podcast 

If you’re in any small business groups on Facebook or LinkedIn, you’ve probably seen this question or if you’re running a business, you may have asked this question yourself. 

“What accounting software should I use?” 

The question is easy enough but it’s complicated at the same time as it requires a little more information before a thoughtful recommendation can be offered…

Before pointing any client (or group participant) in any direction, I ask a few questions…the answers help me figure out what software might be the best fit for that person and their business.  Both now and in the foreseeable future. 

Mentioned in this episode: 

• What to ask yourself to narrow down the alternatives
• My top 2 accounting software recommendations
• How to grab a cents chat if you’re stumped & need help selecting the right software for you & your business

Highlights of this episode:

01:02  The question of the hour – What accounting software do you use?  What accounting software should I use?

02:34  What information you need to provide to get a proper accounting software recommendation

04:00  Our case study – starting with the assumptions

04:45  What to consider before diving into the features and benefits of an accounting software package

05:03  What my questions are (rapid fire style)…What’s in your tech stack?

06:08  What’s your techno IQ? 

06:34  What are your growth plans?

06:40  What are the minimum features you need from your software selection?

06:54  My top two accounting software recommendations

07:04  What to check before you commit to one

07:51  Why you want to automate your transaction information

09:11  Are you actually going to USE it? 

10:55  Invitation to a Cents Chat

12:15  Episode recap/summary of all the goods

14:32  The 5 questions

15:04  Top Tip – BE CONSISTENT

_________________

RESOURCES

Kill The Vanity Metrics Challenge

Money Matters Checklist

Resources List

WORK WITH COMMON CENTS

Virtual Accounting, Bookkeeping & CFO Services

Courses & Programs

Templates

Planners & Printables

_________________

Thanks for stopping by and listening.

Want to make sure you don’t miss an episode?  Don’t forget to subscribe and listen on:  Anchor, iTunes, Spotify, Stitcher

Want to chat and hangout with me, Joyce?  You can find me onFacebook,Instagram orTwitter…as @thecommoncents.

Falling back in love with your business isn’t easy, especially when you don’t like your business very much anymore because you’re overwhelmed and burned out…

That’s what happened to me, Joyce (your host).

Take a listen to hear my story, what I did to get that old feeling back and how I rediscovered the why that got me started in the first place.

Mentioned in this episode:

• The 5 steps to falling in love (or back in love) with your business
• Kemberli Stephenson’s goal setting challenge:  http://bit.ly/ReadySetGoal19
  
• Cents Chats aka consultations with Joyce:  thecommoncents.com/consult
  

Highlights of this episode:

• 00:27  My business love story – going way back to when I first got started
• 01:09  Saying goodbye to offices & corporate clients
• 01:17  Really quick evolution of Common Cents
• 02:02  When unhappiness and burnout set in
• 04:08  Deciding to fix what’s obviously broken
• 06:17  The Goal Setting Challenge
• 08:13  Why I “broke up” with my business
• 09:34  Why taking a breather is necessary
• 11:28  How gaining clarity is essential to moving forward (step 1)
• 12:00  How to get outside perspective (step 2)
• 12:24  Why a peer support was important (step 3)
• 12:53  How I sifted through the BS (step 4)
• 13:15 How to reacquaint yourself with love (step 5)
• 14:38  Invitation to Cents Chats
  
• 15:27  How to fall (back) in love with your business (in five easy steps) – the episode recap

_________________

RESOURCES

Kill The Vanity Metrics Challenge

Money Matters Checklist

Resources List

WORK WITH COMMON CENTS

Virtual Accounting, Bookkeeping & CFO Services

Courses & Programs

Templates

Planners & Printables

_________________

Thanks for stopping by and listening.

Want to make sure you don’t miss an episode?  Don’t forget to subscribe and listen on:  Anchor, iTunes, Spotify, Stitcher

Want to chat and hangout with me, Joyce?  You can find me onFacebook,Instagram orTwitter…as @thecommoncents.

In this inaugural episode, our host, Joyce M. Washington, CPA, introduces herself and gives you the skinny on why she started this podcast.  It may involve some choice words and tears. (Not really).

Mentioned in this episode:

• How this podcast escaped from the idea pile in Asana
• The backstory of our host, Joyce and the company she started TheCommonCents.com
• What you can expect from this podcast, the format and when you can expect new episodes

Highlights of this episode:

• 1:20 My fascination with analytics and spreadsheets and numbers is part of my “why”
• 2:33 Quick professional background – degreed accountant, licensed CPA (check out more here)
• 4:20 Why Common Cents Consulting was started
• 4:59 Why The 2 Cents Business Podcast got started
• 6:05 The REAL truth about starting, building and growing a business
• 7:06 Why your frequency (or lack thereof) can make or break your business
• 7:52 How WE are going to make numbers a lot simpler

_________________

RESOURCES

Kill The Vanity Metrics Challenge

Money Matters Checklist

Resources List

WORK WITH COMMON CENTS

Virtual Accounting, Bookkeeping & CFO Services

Courses & Programs

Templates

Planners & Printables

_________________

Thanks for stopping by and listening.

Want to make sure you don’t miss an episode?  Don’t forget to subscribe and listen on:  Anchor, iTunes, Spotify, Stitcher

Want to chat and hangout with me, Joyce?  You can find me onFacebook,Instagram orTwitter…as @thecommoncents.