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Using Your Finances for Meaningful Change.
Before starting my business, I had spent most of my career working in non-profits. There were a lot of hours for pretty measly pay but your reward was supposed to be supporting a cause or organization you believed in. It was supposed to feel great to help out, but often you felt burnt out, overworked and underappreciated. And you rarely got to do the “fun” work that the organization represented because you were doing your desk job to support that work.
How Do I Tell My Customers About A Price Increase?
The thought of raising prices for our products or services makes many of us a little queasy. We know that our costs have gone up or the value of what we provide has increased, but we struggle to charge what we are worth and what we need to make things work.
Strategies for Reducing Your Spending.
Last week we talked about credit card debt & how to get organized to pay it off in the most efficient way. If you missed that discussion and you’d like to catch up, you can find that post linked below.
Credit Card Debt: Strategies for paying it off and keeping it under control.
Are you in a constant state of “treat yo self”? Are rising gas prices & insane grocery bills putting you in a pinch? Maybe you had a divorce, medical issue or other emergency where you didn’t have the savings to cover the costs? If so, the arrival of your monthly credit card bill may send you into a spiral. If you aren’t paying it off monthly & you find the balance creeping up, it can feel like falling into quicksand, but never fear! Here are a few strategies to get it paid down!
FINANCIAL VOCABULARY: Profit and Loss Report and Balance Sheet
A breakdown of the two most common financial reports: the Balance Sheet and the Profit and Loss Report
Cost Of Goods Sold: What is it, and how does it factor into my bottom line?
What does it cost to deliver your goods and services? If your answer is basically a mumble and some shuffling of papers, it's time to take a hard look at your cost of goods sold (COGS).