Bookkeeper / Real Estate Investor: Increasing Cash Flow Tips

[Max Emory]

Here’s a few tips to consider for getting more cash into your business.


1) Consider applying the 80/20 principle to your inventory, services you provide, customers/clients you work with, etc.

2) Take a hard look at all of your expenses (especially the unnecessary ones).
---Are your percentages for each category typical for your type of business?
---Do you consider ROI for every business purchase?
---Are you outsourcing too much without the volume to justify it?
---Are you overleveraged (most real estate investors who are aggressively growing are)?

3) Analyze what you are charging for your services, inventory, etc.
---You’re most likely not charging enough for the value you or your product provides.


The best part about each of these strategies is that you can hire an awesome bookkeeping professional to help you with all of it! This is where your financial team (or team member) can add a ton of value to your business.

It’s not all just debits and credits…

I hope this helps!

__________________________

[Don Konipol]

Quote from @Max Emory:

Here’s a few tips to consider for getting more cash into your business.


1) Consider applying the 80/20 principle to your inventory, services you provide, customers/clients you work with, etc.

2) Take a hard look at all of your expenses (especially the unnecessary ones).
---Are your percentages for each category typical for your type of business?
---Do you consider ROI for every business purchase?
---Are you outsourcing too much without the volume to justify it?
---Are you overleveraged (most real estate investors who are aggressively growing are)?

3) Analyze what you are charging for your services, inventory, etc.
---You’re most likely not charging enough for the value you or your product provides.


The best part about each of these strategies is that you can hire an awesome bookkeeping professional to help you with all of it! This is where your financial team (or team member) can add a ton of value to your business.

It’s not all just debits and credits…

I hope this helps!

__________________________

Very overlooked part of investing or running a business.  You hardly ever see this discussed, as all emphasis is on deal analysis, marketing, negotiation, financing.  But an expense audit, as well as operational audit, putting together a strategic plan, etc can take a good business return and make it a GREAT business return.