Knowing Your Numbers

Combining data and metrics is not a new process. However, with the advance of business intelligence, you can identify opportunities, make strategic decisions and improve business performance in real-time. With modern business software, it's easier than ever to capture and analyze accurate data. 

Small business owners and entrepreneurs manipulate numbers all the time. Maybe not on purpose, but you tell yourself that everything is flowing awesomely, when in reality your numbers tell a different story. It's easy to get caught up in the day-to-day flow of running a business. You seldom have the time to measure how things are doing, so you make decisions based on assumptions.

NUMBERS DON'T LIE

When you don't know the story behind your numbers, your assumptions and "gut feeling" can affect your decision making process. And when those assumptions are inaccurate or misleading, you'll underestimate the cost of running your business or have an inflated sense of growth. 

This is why data and metrics are vital to your business life success. Your numbers are the source of truth that enables you to make smart, well-informed decisions. Generating business data won't be a problem, but deciding what numbers are the most relevant will be your biggest challenge. Business data and metrics support your decision making, but ultimately they help you stay accountable. 

TRUST YOUR NUMBERS

Being in business is all about helping people with your talents, but in so doing, you should be making money and spending it wisely. The financial freedom controls (FFC) program takes your business data and communicates the results to you in a way that will enable you to increase profit, improve cash-flow, and make better business life decisions.

The FFC process automatically syncs your transactions to your accounts so  we can reconcile your statements and create up-to-date financial reports. This process will save you at least 5-10 hours per month, but more importantly, it will keep your financials organized so you can focus on improving them. When you trust your numbers, you can focus on doing what you love. 

Your Financials Working For You

Embracing change should be at the heart of every entrepreneurial adventure. But as your business grows, a greater amount of structure is needed to maintain financial stability. Unfortunately, over time, the success of a business will influence you to migrate to a 'pyramidal' financial system.

While such a migration seems befitting, it can destroy innovation and collaboration. It is a great system for controlling and keeping the status quo, but doesn't guarantee the stability and efficiency of the business without the need for extensive data entry. 

EASIER COLLABORATION AND COMMUNICATION 

Beyond organizing your financial information, FFC can help you with putting "words behind the numbers" and tell you the story about what's really going on in the life of your business. The more we understand your business life, the better equipped we'll be to analyze your business data and improve your financial health.

At FFC, we want to remain innovative and disruptive in the tax accounting industry. This means that we are pursuing and embracing new models of data management to better serve our clients. It is more of a logical progression from the work we already do, but will further enable us to identify patterns quicker and communicate it to you in real-time.  

ADVISORY SERVICES DON'T HAVE TO BE COMPLICATED  

We're working on making your data entry easier through a combination of cloud-based systems and mobile technology. This will help you refine and improve the financial management of your business, which will help you make better informed decisions.

One of our goals this year is to improve the FFC experience and collaboration.  What this means is that we're going through lots of interface tweaks, system upgrades, and even a new office build-out. We'll keep you informed of the progression, but rest assured, the FFC experience just got upgraded with better communication and easier data management.