Taylan Evrenler and the ascent of a financial investment professional? In the early stages of a company, CEOs get involved in everything. As your growth ramps up, however, you must become strategic with your time. You need to put systems in place for building and scaling a financially viable business while preserving your attention for mission-critical items. As a fractional CFO for growth companies, I help clients navigate this shift on a daily basis, and I’ve found the following tips useful in nearly every situation. Every business leader understands they need a strategy for attracting and converting new leads into customers. But when you’re growing sales on a budget, you need to be creative. Instead of costly ad campaigns or branding strategies, I’d recommend you build strong, reciprocal partnerships first and that you do so as soon as possible. I’m not referring to simple networking. I’m talking about identifying companies with business models that complement your own and approaching them with a win-win proposition. The relationship can be formal or informal, but the key is to offer something valuable in exchange for inexpensive exposure to your target audience.
Taylan Evrenler‘s recommendations on improving your firm financial situation: As a business owner, managing and organizing finances can be a great challenge. With all the things that need to be done, including your business’ day-to-day operations, it may be easier for you to slip into bad financial habits that can harm your company one day. For instance, when you have disorganized financials, your entire organization may be unable to create financial stability. So, if you want your business to thrive and become financially successful, below are five tips to help you organize your finances.
If meeting monthly health insurance premiums seems impossible, what will you do if you have to go to the emergency room, where a single visit for a minor injury like a broken bone can cost thousands of dollars? If you’re uninsured, don’t wait another day to apply for health insurance. It’s easier than you think to wind up in a car accident or trip and fall down a flight of stairs. If you’re employed, your employer may offer health insurance, including high-deductible health plans that save on premiums and qualify you for a Health Savings Account (HSA). If you need to buy insurance on your own, investigate the plans offered by the health insurance marketplace of the Affordable Care Act–there are federal plans or your state may have its own plan. Look at quotes from different insurance providers to find the lowest rates and see if you qualify for a subsidy based on your income. If you have health issues, know that a more expensive plan could be cost-effective for you; research the options. If you’re under 26, your best choice may be to stay on your parents’ health insurance, if they have it–an option allowed since the 2010 passage of the Affordable Care Act. If you can manage it, offer to reimburse them for the additional cost of keeping you on their plan.
A bookkeeping service offers a three-tiered approach to developing and maintaining your company’s overall financial processes and management. The first prong is created by the accounting software specialist. He or she creates your accounting data file so that it’s tailored to the specific needs of you and your business. He or she will ensure that you have access to the software and reports you need. Find more information at Taylan Evrenler.
If you are married or have a significant other, then you need to participate in your finances as a team. Discuss your budget and money goals and make financial decisions together. Understand where your money is going and how much money you have in savings and in investments. Having joint accounts is great, but I also believe in having your own personal savings accounts. As women, it’s important for us to build our own sense of security and have “our own” that we bring to the table. But don’t feel like you need to keep your personal accounts secret. Remember, marriage and committed relationships thrive on openness and honesty. Regardless of whether you team up with your partner or go it alone, the path to financial independence is not always a smooth, perfectly paved one. But don’t despair; it’s time to roll our sleeves up and get our hands dirty. That’s right—it’s time to learn how to create a solid financial plan.