Simple CFO Blogs

Profit First Learning and Financial Facts

Stop Acting Like an Employee and Start Thinking Like a Shareholder

Stop Acting Like an Employee and Start Thinking Like a Shareholder

Stop Acting Like an Employee and Start Thinking Like a ShareholderDavid Richter
Published on: 11/06/2026

They want more time with family. They want more flexibility. They want more money. They want to make an impact. They don't want to answer to a boss anymore. But many business owners end up creating a job for themselves instead of getting their time.

Cash FlowProfit FirstBudgeting
Why Wholesale and Buy-and-Hold Should Never Be Tracked the Same Way

Why Wholesale and Buy-and-Hold Should Never Be Tracked the Same Way

Why Wholesale and Buy-and-Hold Should Never Be Tracked the Same WayDavid Richter
Published on: 04/06/2026

Knowing your numbers can determine whether you wholesale or buy & hold a property. Here's how to know that BEFORE you acquire any property, and why you should have each strategy in your arsenal.

Profit FirstBudgetingwholesale
Why Real Estate Investors Struggle With Cash Flow (And How to Fix It) (Part 3)

Why Real Estate Investors Struggle With Cash Flow (And How to Fix It) (Part 3)

Why Real Estate Investors Struggle With Cash Flow (And How to Fix It) (Part 3)David Richter
Published on: 21/05/2026

David Richter and Mike Michaelowicz talk about why real estate investors struggle with cash flow, and what they can do to fix it and make more profit.

Cash FlowProfit FirstDebtGrowth/Scaling
The Hidden Money Mistakes Keeping Business Owners Broke (Part 2)

The Hidden Money Mistakes Keeping Business Owners Broke (Part 2)

The Hidden Money Mistakes Keeping Business Owners Broke (Part 2)David Richter
Published on: 15/05/2026

David Richter and Mike Michaelowicz talk about the 4 Big Mistakes business owners make that keep them broke and stops their businesses from being as successful as they could be.

Cash FlowProfit FirstDebtGrowth/Scaling

Darrin Carr

David and the team at Simple CFO Solutions are a top notch organization that simply put - creates profitable results efficiently. They put in place new systems, train staff, transition companies to better systems, and help make companies accountable for finance. This team handles complex and unique situations with ease, and are extremely accessible and responsive. HIGHLY recommended.

Joey English

David Richter changed our business, and my life. David came in in a very low time, cleaned our books up, taught me how to start planning like a business owner and stop flying by the seat of my pants, and then taught us how to implement Profit First. And it was amazing. He helped me gain control of our numbers, and get in control of our business. And I grateful for what he did for us.

Alex Wentland

I've been using Simple CFO for 4 or 5 years now. We buy about 100 off-market properties a year and then do another 30 to 50 traditional listings. They helped me understand what I should be looking at from a financial perspective, and track the right numbers for me to be able to operate my business as a CEO. I get a really nice dashboard to know the health of my company that we review with my CFO every month. I couldn't imagine running the business without them honestly anymore.

Thomas Krazinski

David and the team at Simple CFO Solutions have made a big impact on our real estate investing business (flipping, wholesaling, and buy & holds). They put in new systems, trained our bookkeeper on them, transitioned us to QuickBooks, and for the first time made us accountable for our finances. The team handled our complex and unique situations with ease, and were extremely accessible and responsive. I would highly recommend them to any real estate investor looking to get a better handle on their financials.