by Antonina on February 21, 2012
So you’ve been following the Simplistic Financials blog for a while now. You know that I’m all about getting your finance “savvy on. In working with women entrepreneurs I’ve found that many of them understand that in order to reach their financial success and revenue goals in business and in life they must have some knowledge of finance and money management. I’ve also found that many realize they need to learn how money works in business, but often times don’t know how or where to start. So, today I’m going to share a few strategies in which have helped me and other entrepreneurs to get their “finance savvy on”. [click to continue…]
by Antonina on February 14, 2012
Happy Valentine’s Day! In honor of this beautiful love month, today’s post is geared towards improving such an intimate and critical relationship that we often neglect. Yep, you’ve guessed right, it’s your money relationship. It’s no different when it comes to the money in your life or business, just like with any relationship encountered in life it takes love to enhance, build and grow it. [click to continue…]
by Antonina on February 7, 2012
I have done a few posts on this blog about valuing who you are and what you do in your business by creating the right prices. I often refer to this as value based pricing which is a little different from what you may learn in business books or different from what you may find in research. However, I believe that the best way to determine what to charge starts with you. I know reading that may make you feel a little uneasy. [click to continue…]
by Antonina on February 7, 2012
Net worth - What is it and how do we increase it? Simply stated net worth is the amount your assets exceed your liabilities. Women in general tend to shy away from knowing what their net worth is because (1) They think they don’t have any assets to have a net worth (2) They have no idea what goes in the net worth calculation. Whatever your net worth is, you want to get in the habit of checking in on it on a regular basis to ensure you are moving in the right direction financially. Typically if you are saving and working on financial goals every year, your net worth should be increasing year over year. [click to continue…]
by Antonina on January 31, 2012
Photo Courtesy of Google Images
Today is the last day of the month. It is also the first month of the New Year and is the perfect time to implement your first monthly financial review of this year. In the corporate world this process is often referred to as month end. Usually there’s a lot of technical stuff that goes into this process in the corporate world to ensure that the accounting books are closed (in an accounting system to ensure that finance records are balanced). The techincal stuff usually happens before the actual review process. I will breifly describe a financial review process below. [click to continue…]
by Antonina on January 24, 2012
I hear so many women entrepreneurs who talk quite a bit about the profit they’re experiencing in business. But, if you take a look at their business or personal bank accounts often times that profit has not converted to enough cash to support their life style. There’s nothing wrong with being focused on profit. In fact, part of my job as a finance coach and consultant is to ensure that you have a profitable business! However, an even more important and fun part of what I do is providing finance strategies and tools to create an environment that promotes a sustainable business so that you keep as much money that you earn as possible. You see, it’s not enough to just show profit on paper via your income statement. At some point (since we are in business to make money) you want to see that profit move from a historical figure on paper to cash dollars in your business bank account. [click to continue…]
