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  • 08/12/2015 1:47 PM | Anonymous

    I was having a lovely lunch with a colleague recently.  She is generating multiple six figures in her biz, and is on track to double that in the next year.  

     

    In celebration, she whipped out a $50 bill gave it to the waitress, and said lunch was on her.

     

    Soon, the joy in her face was completely gone. Once the waitress placed her receipt in front of her and she immediately went into a cycle of overwhelm.

     

    She looked at that little piece of paper as if it had crapped all over her great day.

     

    It’s a receipt that will need to be entered into her biz spreadsheet when she got back to her office. Ugh. Another thing for the to-do list, which is already a mile long… And quite frankly, the receipt will be lucky to make it back with her at all. She tends to misplace them constantly.  

     

    Many business owners have this problem.  

     

    By doing this, you’re actually creating a BIGGER problem for yourself.

     

    And it’s showing up as a HUGE cash flow leak in your biz.

     

    For more, read on….

     

    Article:

    Traditionally, nothing beats cash when it comes to paying for the things you want and need. As a business owner, that isn’t always the case.

     

    It’s creating a HUGE cash flow leak in your business.

     

    Here’s why – cash payments for anything business related has a good chance of never getting recorded.

    • Entering business receipts into a spreadsheet is time consuming.
    • Cash receipts seem to disappear or typically end up at the bottom of the washer in little bits and pieces.

     

    And that is a cash flow leak you can plug in your business immediately.

     

    Not paying cash for anything business related actually puts money BACK into your pocket.

     

    But how?

     

    Tax deductions.  Let me explain…

     

    By using a financial instrument (business check, debit card or business credit card) for all of your business transactions, they are captured automatically and electronically.

     

    Next, buy desktop accounting software (Quickbooks on Amazon.com for $179 AND it’s a tax deduction!) and put that puppy on automatic pilot. Have the program directly connect to your business bank accounts and upload all of your transactions automatically. The only thing left is to categorize the receipts as they come in.

     

    Another thing on your to-do you are thinking?

     

    Do it yourself, or hire someone for 1 hour a week (yes, for a small business, 1 hour will do it!). Adios Excel spreadsheet!

     

    You knew this break up was long over due anyways…

     

    And at the end of the tax year, your tax preparer has more to work with.  When they have more to work with, more cash flow, more tax deductions, and credits you can take!

     

    And you know what that means?

     

    More ching for you, less for Uncle Sam.

     

    Making Bank Money Tip:

    Ready to generate an additional cash flow stream for yourself?

     

    This strategy is most likely already there for you, in plain sight ready to be activated.

     

    This cash flow tip can begin to pay for your everyday personal items without ever having to take your wallet out of your pocket!  

     

    Here’s how you do it…

     

    Use your business credit card for everything in your business, and use the points to purchase personal items. For example, here’s what we set up for my client Kristin….

     

    She uses her business credit card for all business purchases and expenses.

     

    Next, she pays it off every month using revenues allocated to her operating expenses. By doing this, the points she generates, has created a cash flow source to buy things for her personal needs.  

     

    Specifically, we tied her credit card points to her Amazon.com account.  

     

    Whatever she needs, Kristin uses her points to purchase, receives her packages within 2 days, without leaving her house. Cash flow, time back in her day, and tax savings all in one nice little package.

     

    That’s what I call…making bank baby!

     

  • 07/28/2015 6:11 AM | Anonymous

    I remember trying to do it all.  Taking care of my daughter, starting a business, managing two rental properties, and running the finances.  I had a knack for all of it thanks to my career background.


    Just because you are good at everything, doesn’t mean you should DO everything….


    Sound familiar?


    January, 2012.  I was getting for a mini getaway with my family to visit an old college roommate.  She was in town from Scotland with her new baby.


    As I pulled up in the car, the hugs started flying, and the stories starting coming out like wildfire.  It was the best time!


    Then I got a phone call.


    I left the room, and answered.  It was a tenant.  The garage door spring malfunctioned and her car was now trapped in the garage.


    At that moment, all of the air got sucked out of the room.


    More phone calls…  

    Repair people…

    Two hours later, crisis resolved.


    And two hours of my life, with my family and my friend were gone.  I missed out.


    That’s the day, I made a decision....no more chaos.


    I sold the rental property and decided to commit to two things – my personal life and my business.  


    Anything else, someone else had to care for.


    By making that one powerful decision, I learned that what you focus on grows. Universal energy guides us and needs to know where to land.  And it doesn’t land in chaos.


    Here are four steps to shut down the cycle of chaos:


    1     Goals – write down clear goals.  When opportunities come your way it’s clear when to say “yes” and when to say “no”.  If the opportunity feed your goals, commit.  If not…sayonara!


    2     Delegate – if you’re good at website design but your business is wardrobe consulting, give it to an expert. The time saved is better spent on revenue-generating activities.


    3     Focus – create focused time in your schedule to maximize production.  Focused time means no phones, family, dog, nada!  It’s amazing what you can accomplish.  


    4     Accountability – find a class, group, or mastermind with other like-minded women going through the same thing.  You get a sense of “permission” when you see others working through the same issues.  It makes it “ok” to stay on track.


    Ahhh, doesn’t that feel better?

  • 06/23/2015 2:56 PM | Anonymous

    This month we are celebrating an anniversary! It’s 5 years since we started in biz. Looking at statistics, it’s a minor miracle.  Almost 80% of businesses don’t make it past the 5-year mark.  Fascinating! Looking back, I wanted to share some of the most crucial components that have kept the ship righted as we’ve weathered some storms along the way. And it’s not about keeping up with what your competition is doing…actually it’s quite the opposite.


    The last 5 years have been an interesting ride, to say the least.  There have been times when I’ve ridden cloud nine, and times I was scared I’d have to go back to my corporate job. What got me through it all? Well, as much as I love my big Italian hubby in my personal life, a little Italian dude has helped me crush it in my biz.  His name is Vilfredo Paredo. Why do you need to know him?  Well, he was an economist back in the day…and is the godfather of the 80/20 rule. Officially known as the “Pareto Principle”.  It states that, for many events, roughly 80% of the effects come from 20% of the causes.


    Why is this so crucial for biz?


    Because most businesses try to follow what most of their competition is doing. That’s the 80% of biz owners. They are spinning their wheels. You say to yourself, “I wanna be like them.”  In truth, that just accelerates you to be a follower. And followers don’t get noticed. They don’t get picked by their prospects. They don’t stay in biz past 5 years.


    Ask yourself, why keep busting your hump to be like 80% of all of the other businesses out there?


    Here’s the crucial key – stop that and do this – take a look at what the 20% are doing. Those are the people standing out getting noticed, the sought after experts with staying power in their biz.


    Capice?


    This has been the secret to success. Hands down. Do what others aren’t willing to do. You’ll come out in front of the pack!


    How can you use Pareto’s Law to shift this into high gear for yourself? Here are 3 ways to get you started:

    1. Speaking – this is the fastest path to cash and jump starting your business. Eighty percent of US women will never give a talk in front of a room and speak to a crowd. They suffer from a real diagnosis called “speaking paralysis”. With speaking, you’ve already crushed 80% of your competition.
    2. Follow up – when it comes to great biz leads, 80% of business owners never follow up with their best prospects.  Crazytown, right? Put together a simple system to touch base with your best prospects once or twice a month. Mix up your communication to keep it fresh – call, email, comment on their social media, send them a relevant article, or even send them a handwritten note. Once again, crush your competition by converting prospects into clients with this simple tool very few are using.
    3. Profit – statistically 80% of all US small businesses aren’t profitable. Mind blowing! Just to be clear, revenue is the money that comes into the biz, but profit is what you keep. You can profit in your biz from day 1. Yes…from DAY 1.  Remember the old saying, “pay yourself first”? If you haven’t been doing this, go do this now! Even if it’s only 1%…5%…of your revenue, be sure to pay yourself each month. While you’re banking ching, your competition is blowing all of their revenue month after month.

    Which one of these can you start with immediately? If speaking gets you jazzed, here is a link to a great resource to get you started:

    https://thompsonpros.isrefer.com/go/rise/a451


    If banking profits tickles your fancy…stay tuned for our next newsletter! I’ve lined up a blockbuster interview with a multi- million-dollar entrepreneur and New York Times best-seller to share the exact steps of how to become profitable in your biz consistently month after month!


    Stay tuned…and in the meantime…crush it with Pareto’s Law.

  • 06/23/2015 11:48 AM | Deleted user

    If your company has a company business page on Facebook® with a regular stream of posts, you can boost posts from that stream to help increase brand awareness and leads.

    The best part is, it doesn’t have to cost a lot of money. You can begin with as little as $5 per day. Note: Boosted posts only run for one day.


    Boosting Facebook Posts – 5 Steps

    1. Once a post is added to the company page, click the “Boost Post” button under the post you want to push.
    2. Choose your audience (target market) by location, age, gender, and/or interests.
    3. Choose the budget. Tip: A good place to start is $15-30.
    4. Set up the ad payment, via credit card or branded debit card, like Visa, MasterCard, etc.
    5. Once the post is boosted, measure the results via the company page “Insights” feature.

    Now that you’re armed with this simple process, how many posts will you boost per month?

    Disclaimer: This post originally appeared in the CPA Client Bulletin, © 2015, AICPA. Reprinted by permission.
    - See more at: http://penheel.com/2015/5-steps-to-boosting-facebook-posts/?utm_source=Blog&utm_medium=Facebook&utm_campaign=5-Steps-Boosting-Facebook-Posts#sthash.4HbSnNY6.SQ58KjUL.dpuf
  • 08/28/2014 9:27 AM | Deleted user

    Ever have one of those days where no matter what you put on you don't like?  It isn't that beautiful new blouse you purchased or that stunning dress, or even you...Its your foundation.  By simply putting on the right size and style bra, complimenting panty or even shapewear you can transform any outfit.  The simplest way to boost your confidence each day is by starting with the right foundation.  Here at INTIMACY bra fit stylists we work one on one with you to find the best lingerie to compliment you and your wardrobe.  As a BCPWN member you will receive $20 off your first bra purchase with us, because we know how important it is to present the best you possible! 

    Call us at (201)334-0803 or go on myintimacy.com  to make your appointment today!

  • 08/06/2014 4:03 PM | Deleted user

    Hello ladies,


    As a financial planner and advocate for financial literacy, I am starting to set up some public speaking gigs.  Topics include maximizing social security benefits, funding long term care, and creative financing for everything from business capital to college to retirement.  I would like to partner with libraries, and any other civic minded organizations, throughout northern NJ to market and present these complimentary sessions.  If you know of any venues, or have had a particularly positive experience with any, I would love to hear from you.  Thanks in advance for any ideas and feedback.


    Regards,

    Lisa Keenan, CPA

    lisa@keenaccounting.com

  • 07/16/2014 1:49 PM | Deleted user


    july youtube thumbmil

    Do you remember when I talked to you about making a decision and then acting on it?

    Well, so many of us are afraid to make a commitment because we fear failure or the fact that we might not be able to stick to it.

    This fear might be an old fear. Think of yourself at 5 years old. Most 5 year olds decide that when they want to do something, they just go for it. Sometimes they will succeed and sometimes they will fail, but firstly they focus on what they want to achieve, and then act on that decision.

    A lot of problems start when an adult fails to encourage a child to keep on trying. Most of us have experienced this negativity; somebody told us to give up before we even tried because it was too hard, or we were too young to accomplish what we wanted to do, or that someone else was better than us. These kind of belief systems never come from inside of us; they come from outside and ruin our inner campus and courage. I like to refer them as lies.

    As an adult you have the ability to fix that problem by re-training your mind to see the potential rather than the failure. Once you make a commitment to writing a book and set up a map detailing how and when to do that, you will get there in the end.

    A few techniques that I use to stay focused on my goals are:

    1. Affirmations. As I explained, our beliefs are just learned behaviors developed during childhood. While some of these may work well, others now can work against us and cause us to sabotage ourselves away from being able to achieve what we want. Every affirmation we use or develop is a reflection of our inner beliefs. Positive affirmations are short and positive statements which are targeted to challenge negative beliefs, replacing them with positivity and self-nurturing thoughts. A good example is: “When I believe in myself, so do others,” and also “Everything I want and need will eventually come to me.”
    2. Visualization. This means to develop the mental ability to see something happening, before it actually occurs. A great example of positive visualization is to get yourself a white board and some pictures of the things you would like to have in your life, such as your name on a book cover, the new car you plan to buy when you make the money and an ideal vacation location. Look at these pictures every day and spend a few minutes with your eyes closed actually seeing yourself in these situations and places. Feel what it would feel like to be the person you want to be. The longer you do this, the easier those images will come into your mind. If you believe in the Universal Laws, you will find that you develop the power to attract these things into your life.

    Keep in mind that this is not magic; it won’t help you change your old beliefs over night, but it will slowly create a better vision of a brighter future and help to erase the negative thoughts that were placed into your mind by your parents/teachers/friends/society.

    The reasons to use these techniques are to remind yourself, on a daily basis, where you want to go and what you want to achieve. We all have the tendency to forget our goals if we have the slightest doubt about how and if we can get there.

    For example:

    If you tell yourself, “I want to write a book,” use the following:

    Affirmation: “I feel great about being a published author and selling my book on Amazon.”

    Visualization: How would it feel and look like to you to be talking with your peers about your book, and signing copies of it?

    Once your mind is set in this way, you’ll find that it will force you to act on fulfilling your dreams. And this works because otherwise there will be too big a gap between your mind-set and your actions, and you will find that you will not feel whole until you will do something about it.


    www.AllyNathaniel.com

  • 07/03/2014 3:00 PM | Mary Adams (Administrator)

    My Mom hails from Toledo, Ohio.

     

    She lost her mother when she was in her teens -- perhaps one of the most difficult ages in a young woman’s life, period.. Somehow, she knew that there was a world out there for her to see. And with great courage, she left The Buckeye State in her mid-twenties and took The Big Apple by storm. By herself, in the sixties…a time when women were supposed to be married to make such a bold move.

     

    Mom never finished college, but she is one of the smartest women I know. She navigated the Mad Men era with grace and wisdom, working for CBS Records, Motown and other marquis organizations. She relays stories of Barry Gordy, Stevie Wonder and myriad of mad men as if it were just another day at the office.

     

    She met and married my father off a blind date in NYC. They moved back to the Midwest to follow my father’s career. In 1977, they launched an advertising agency together. In 1999, my father was diagnosed with and died from cancer.  Steadfast, she kept the business going for another 12 years all on her own.

     

    She is an incredible Mom and truly my inspiration in business for so many reasons. Who is yours? Share your story and join us on July 23rd for the Inspirational Women In Business luncheon.

  • 07/02/2014 6:52 PM | Lisa Pisano (Administrator)

    Did you receive today's BCPWN Tips Email?  Re-sharing here on the blog for future reference...Tips on Finding Career Inspiration This Summer: share your thoughts in the comments below!


    • Find a Good Beach Read. Pick up the biography of someone you feel in awe of or someone who has done something that gives you even an inkling of "could I do that?"

    • Network, Network, Network. “Often people will mistakenly wait for inspiration to reach out and tap them on the shoulder when in fact inspiration requires action … by you,” writes Nicole Williams in “Tips for Finding, Reigniting and Building Inspiration.” We happen to agree with this tip wholeheartedly, and highly recommend attending an upcoming BCPWN event!

    • Journal. Start by jotting down your thoughts once a week and see what comes to the surface. By clearing your mind and getting things on paper, you’ll invite in focus, creativity, and inner peace.

    • Learn Something New. Enroll in a cooking class. Try your hand at pottery or jewelry making. Learn html. Join a running club. Stretch your limits and expand your horizons to awaken those brain synapses.

    • Meditate. Find at least 5-10 minutes once a week to clear your mind, sit, and breathe. Try the Mindfulness guided mediation app, available for smartphones. Pop in your earbuds on the commute home or sit in the Starbucks parking lot and enjoy the quiet.

    Source: “Tips for Finding, Reigniting and Building Inspiration” – August 29, 2013
    Nicole Williams
    US News and World Report.com: Money/Careers Blog

  • 06/16/2014 1:51 PM | Deleted user
    June 2014 Video Ally Nathaniel

    I am thankful for all of those who said NO to me. It’s because of them I’m doing it myself.” Albert Einstein.

    Recently I was on a visit to the “Book expo America”, where I got to meet other authors as well as industry experts. Wow! I have to say, what an amazing experience. The whole thing absolutely inspired me, including the events and panels, but most of all it was some of the wonderful people I met, one of which was Cindy Ratzlaff who is a branding expert, (I will tell you more about branding in future newsletters.)

    I also met Jon Fine who is Amazon’s director of ‘Author and publishing relations,’ and C.J Lyons who is another successful self-published author. There were many, many others, all of whom inspired me to keep moving in the direction of my dreams.

    But how do you keep moving forward when it seems to get so hard? What do you do when you’re out of ideas or feel isolated? You find your inspiration from somewhere.

    Inspiration is everywhere around you. All it takes is for you to be open enough to receive it. And when you do get that spark of an idea, welcome it with open arms.

    Success is going from failure to failure without losing your enthusiasm.” Winston Churchill.

    I was supremely inspired by the time I went back home, and it made me decide to use that inspiration to make changes in my life, including writing more and ensuring that I move forward with my business. For me it’s necessary to use the inspiration I constantly receive from many sources as the fuel of my “get it done” engine.

    For you, your inspiration could be the fuel to start your “write my book” engine, or “find the help I need” engine. It’s really down to you.

    Make sure to get inspired on a daily basis and use that energy to promote your writing/publishing goals.

    The best dreams happen when you’re awake.” Cherie Gilderbloom.

    ofice wall inspiration

                                                                                                            
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