I’ve written about money being the essential feedback loop in any business. There’s a second, just-as-important piece to having a finger on the pulse of the financials: for anyone interested in justice or equity in their business, understanding the financials is the key to modeling social change in your business. If you’re interested in experimenting […]
Finance Essentials
The most essential feedback loop in your business.
Running a bookkeeping service is like having VIP backstage access to what really works and what doesn’t in business; you want to know who has the best champagne back there? Ask the bookkeepers. Now take a cross section of 50-odd different businesses – products, services, micro, million-dollar, whatever: want to know the what most often […]
Are you having cash flow problems, or are you just not profitable?
Cash flow and profit are not the same, and mistaking a profit problem for a cash flow problem can be deadly to your small business.
On Giving & Redistribution Strategies: Part 1
A client recently asked for advice on how to think about a consistent giving strategy — they work with many non-profit clients, who of course fundraise, have galas, and all the other modes of raising money. Since the summer of 2020, I’ve been seeing more businesses with regular giving lines in their budgets, but just […]
The counter intuitive reason to distribute profit to employees in your small business.
There’s a whole mess of reasons why all businesses should distribute profits to their employees: -Redistributing money = redistributing power -You didn’t build your business to only benefit yourself -Your employees should benefit from the value they create Those are just three of many, but you get the idea! I’m not talking about the folks […]
3 Things to Review Before the End of this Sh$%show Year
This is the month that I’m most elbow deep in numbers with clients and myself — time to look back on the financials and see what worked and what didn’t, and also what to tweak for next year. All the normal stuff: how was profit? Can I hire? Except… this year was a shitshow of […]
Resources for A Global Pandemic & Economic Crisis
Below are a number of links to resources that Wanderwell has been creating through the Covid-19 Pandemic. An ongoing list and resource for financial relief options. We’re continuing to update this list as new opportunities for funding are launched. Includes national, government, PA & Philadelphia, NY, and other resources. Federal Relief Program information. in depth […]
An Opinionated Overview of Financial Services for Your Business
We get asked all the time to explain the different players on your business finance team. It can be confusing at first, because the roles can overlap; there are CPA bookkeepers and bookkeeping strategists. Below is a rundown on the three key pieces to seek out as you grow your business: Accountants, Bookkeepers, and Consultants/Strategics. […]
The Purpose of Profit
I was walking to the grocery store a couple days ago and happened to run into a client and friend who runs a business in Philly. We chatted on the sidewalk, and then, as often happens in this line of work, they dropped a, “Oh, weird question for you….” on me. “How do I get […]
How to know when you need a bookkeeper (and what kind).
One of the top questions that we hear all the time (like, Google search results sends folk to our website all the time…) is do I need a bookkeeper? Obviously we’re biased, but we believe this is hands down one the best investments you can make as a business owner. The biggest differentionator we see […]