David RichterMany small businesses grow quickly at first. Then, all of a sudden, they hit a wall. Bills stack up. Employees get overworked. The owner is running around putting out fires. Instead of growing strong, the business feels like it's falling apart.
David RichterOne reason many small service businesses struggle making enough money is underpricing. You might be trying to win customers, but if you don’t price your services correctly, you could be working all the time and barely making a profit.
David RichterWhen your business grows fast, it’s easy to pile on overhead: office space, extra staff, new equipment, and other fixed costs. These expenses don’t go away when business slows down. In fact, they become a heavy weight that drags your profit down.
David RichterCash flow is the lifeblood of any business. Many service-based businesses are in a constant battle to keep the bank account balanced. A major culprit? Unpredictable and inconsistent cash flow. Here's how service businesses can manage their cash.
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.
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.
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.
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.
Helping business owners make more profit and pay themselves what they deserve using Profit First.
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