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All about starting a new business and growing your bottom line – FASTER WITH FINANCIAL LITERACY

All about starting a new business and growing your bottom line – FASTER WITH FINANCIAL LITERACY

Hi, I’m Carolyn and I run the Finance Learning Lab. Enjoy our company blog below and check out even more of what we do and how we can help you at FinanceLearningLab.com.

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What is revenue?
What is revenue? Revenue is a common accounting term you might hear when you start running a small business. While it might sound like jargon, revenue simply means the money you make by selling to your customers. Sometimes revenue is called top line or gross sales. Revenue is best understood …
Quickbooks or Freshbooks
Quickbooks or Freshbooks? How about neither! Accounting softwares like Quickbooks are commonly used in small businesses however they often don’t deliver on their promises. Did you know that using Freshbooks and Quickbooks can actually cost you more time than they save for the average solopreneur. You are basically doing a …
Pre-Mortems
Here is a video explaining why you should introduce pre-mortems and a worksheet to help you facilitate your next pre-mortem. https://youtu.be/Exg9H22lcjM
Process Improvement Memory Joggers
18 Tips to Dissect and Improve your Processes OVER-PROCESSING: Spending time perfecting beyond what your customer cares aboutMINIMIZE HANDOFFS: Red flag anytime you hear “lots of back & forth emails”FREQUENCY: Doing activities every day, when once a month would sufficeSKILLS: Using a senior person when work could be done by …
Waterfall graph template
The waterfall graph is an excellent way to show the variance between two numbers. It allows you to visually depict each of the major variances in an easy to consume picture that highlights the relative impact of each delta. It can be helpful for comparing budget versus actual or for comparing an …
2021 Work Plan Template
Project management applications like MS Project can be great if you are trying to do very detailed planning and need to calculate specific critical path timelines, but sometime you just need a simple way to convey a high-level plan. You can use this simple one-page template to communicate your top …