Show Summary
Dawn Brolin, Managing Member of Powerful Accounting, LLC joins us for Episode 41 of the Profit First Podcast. Dawn deep dives into how to save money and increase profit in your business.
Our Guest
Dawn is a Certified Public Accountant and Managing Member of Powerful Accounting, LLC. Dedicated to working hand in hand with small business owners Dawn strives to “leave people better than she found them” through implementing good business processes. Her unconventional speaking strategies captivate and motivate an audience to take the next steps toward their success. She is co-host and founder of “The QB Show” weekly broadcast, has been named one of the “Top 40 under 40” by CPA Technology Magazine and one of the “Top 25 Most Powerful Women in Accounting” three years running. She speaks regularly at national conferences and has been featured on MSNBC “Your Business.”
Show Quotes
What is your entity type? There may be additional tax benefits once you are profitable.
Don’t be scared! Be prepared.
There’s a fine line between spending money and investing money – even if it’s an expense it can still be an investment.
Lazor-focus on your books. Track your information and don’t co-mingle your funds! Look at what you are spending money on and the benefit that comes from it.
How do you know when cutting costs in your business works? Take a look at your profit margins.
If you’re at the 3 month mark after making a change and are not seeing a direct increase in sales, productivity, etc, then you may need to make another shift.
If a client is not fitting your culture, it is time to “pumpkin patch” them.
Clarity is power.
Have a question you’d like us to answer on the air? Email Kristina or Mike!
Kristina@MikeMichalowicz.com
Mike@MikeMichalowicz.com
Show Links
Twitter: @dawnbrolin
Facebook: http://www.facebook.com/dawn.brolin
LinkedIn: http://www.linkedin.com/in/dawnbrolin/
Website: www.powerfulaccounting.com, www.dawnbrolin.com
Blog: http://www.dawnbrolin.com/blog/
Corporate Partners
Nextiva – VOIP phone providers for small businesses.
Fundera – Single source online funding for entrepreneurs. Also offers an adviser program for CPAs, bookkeepers and business coaches.
TSheets – The #1 customer rated time tracking solution!
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I totally agreed with the statement here, There’s a fine line between spending money and investing money – even if it’s an expense it can still be an investment.