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Interview Patty

How do I gain better control of my money?

Financial strategies for small business

Controlling Money

  • Only 45% of companies are satisfied with their strategic planning processes.

 

  • Failure to incorporate a structured framework of reference, results in 9 out of 10 strategic plans fail.
  • 60% of companies do not link budgets to strategy.
  • Only 5% of employees know and understand the financial strategy.
  • 85% of managers spend less than an hour a week to discuss strategy.

Logic puzzles provide a good analogy for the financial aspects of your business. They are math-based and require focus and accuracy, such as the popular number puzzle, Sudoku.

Many business owners seek outside counsel to assist with bookkeeping, accounting and tax return preparation. While this is a sound strategy, cash management strategies are often overlooked. It’s not just about money in and money out, it’s often about pricing and timing.

Call us to learn more: 713-826-0302

Source: TheBlockGroup

Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.

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Financial strategies for small business.

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