When’s the last time you sat down at your desk to:
- Formally forecast yearly revenue?
- Create a written annual budget?
- Systematically benchmark expenses against other advisors?
Projecting profit and loss, tracking expenses, calculating profit margins—not exactly common practices for many financial advisors. But avoiding ledgers and spreadsheets could stifle your company’s future growth.
Embracing Your Inner Chief Financial Officer acknowledges the obstacles to managing fiscal responsibilities and describes the key methods you can employ to help get your business financials in order and bolster your success.