Biz Help For You
Our show is education-based to give information to entrepreneurs to help them know the rules and regulations that need to be followed to help them avoid penalties and keep them in compliance. It also offers tips for success in various areas including marketing, website design, budgeting, understanding information on financial reports and more.By listening to this program, you will learn about specific regulations in the areas of business licenses, payroll, sales tax (for online and brick and mortal sellers), 1099 processing and other compliance tasks. You will also hear tips from experts to help you manage and grow your business to be more profitable.Topics will include labor law updates, creating systems and processes, building a team, understanding the differences, features and benefits of desktop versus cloud based software, creating a marketing plan, and other important topics for entrepreneurs.
Biz Help For You
Turning Numbers into Strategy: Mastering Innovation Accounting with Ilene Marcus
Are you tired of guessing your way through budgets and projections? In this episode, Ilene Marcus reveals how to use innovation accounting and pro forma modeling to make confident business decisions, understand true costs, and attract investors. #InnovationAccounting #EntrepreneurFinance #ProFormaPower
Key Moments:
0:03 – Introduction to innovation accounting and its power for entrepreneurs
1:02 – What is a pro forma and how it models real-time decisions
4:05 – Why a flexible pro forma beats a static budget
5:35 – Chicken soup metaphor: Understanding all-in budgeting
7:07 – Calculating your time, units of service, and leveraging passive income
10:31 – Factoring in overhead like insurance and rent into unit costs
13:04 – Where to research real product costs and market data
16:20 – Pricing honestly: The balance of value and market reality
18:58 – Target audience clarity and price point decisions
24:16 – Using data patterns to improve customer focus and profitability
25:01 – Offer: Free pro forma spreadsheet + book: Managing Annoying People
Resources: https://affordablebookkeepingandpayroll.com/resource-opt-in
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