SOPHIA XOURI’s Post

𝗖𝗵𝗼𝗶𝗰𝗲𝘀: 𝗔𝗿𝗲 𝗬𝗼𝘂 𝗠𝗮𝗸𝗶𝗻𝗴 𝗧𝗵𝗲 𝗥𝗶𝗴𝗵𝘁 𝗢𝗻𝗲𝘀? The choices we make have incredible power to shape & change our lives. Each decision sets us on a particular path, leading us either closer to our goals & dreams or further away from them. The finance decisions we make, especially those made for our business, have the potential to profoundly shape our lives. As entrepreneurs or business owners, these decisions can determine the success & longevity of our ventures, as well as impact our personal well-being. One crucial financial decision to consider is how to allocate resources within your business. The choices made regarding investments, expenses & budgeting can directly impact your company's growth & profitability. Wisely investing in areas such as research & development, marketing & technology, can lead to innovation, increased market share & overall competitiveness. On the other hand, careless spending or failing to invest adequately in key areas can hinder growth & limit business potential. Managing cash flow & debt is crucial to ensure regular operations & meet financial obligations. It requires making prudent choices around inventory management, accounts receivable & accounts payable. By doing so, you can maintain a stable financial position, which can reduce stress & provide peace of mind. Similarly, making strategic decisions around debt, such as negotiating favorable terms or consolidating loans, can alleviate financial burdens & create opportunities for growth. By approaching these decisions with thoughtfulness, foresight & a long-term perspective, you have the power to create a successful & fulfilling business that supports your dreams & aspirations. If you looking to take your business to new heights & expand into the future, make the smart choice to reach out to us at NoBnk! Choosing to work with us as your partner in finance & business expansion is a decision that can propel your business towards unprecedented growth & success. The NoBnk team of dedicated is committed to understanding your unique business needs. We have a long standing proven track record of helping businesses flourish & reach their full potential, and we would be honoured to do the same for you. #businessfinance #businessexpansion #nobnk

Ever been in the entrepreneur's hot seat, wondering if your business is playing hide-and-seek with your hard-earned cash? Let's dive into the nitty-gritty of cash flow, those moments when you sense something's off and the bank balance isn't cheering you on. 💸 So, when might those cash flow alarm bells start ringing? 🚨 1️⃣ Delayed Receivables: When the sweet melody of "cha-ching" turns into a waiting game. Invoices pending for eternity? Yeah, that's a red flag. 2️⃣ Rapid Growth Pains: Scaling is awesome, but it can be a financial tightrope. If your cash flow can't keep pace with your ambitions, that's a reality check. 3️⃣ Expenses Sneaking In: Small leaks can sink ships. Ignore regular or unforeseen expenses, and your cash flow ship might start taking on water. Stay vigilant! 4️⃣ Inventory Imbalances: Too much stock gathering dust? Frequent stockouts? Your inventory dance can impact your cash flow rhythm. 5️⃣ Revenue Rollercoaster: If your cash flow resembles a rollercoaster ride with unpredictable highs and lows, it's time to smooth out the tracks. Now, the million-dollar question: How do you fix it? 🛠️ 1️⃣ Invoice Hustle: Chase those payments! Implement clear payment terms, offer incentives, and stay on top of invoicing. 2️⃣ Financial Forecasting: Predict, plan, and pivot. A solid financial forecast helps you anticipate challenges and adjust your strategy. 3️⃣ Expense Scrutiny: Audit your expenses. Identify areas for optimization and cut down on non-essentials. 4️⃣ Inventory Tune-up: Balance is key. Optimize your inventory levels to match demand without excess baggage. 5️⃣ Diversify Revenue Streams: Don't put all your eggs in one basket. Explore new markets, products, or services to create a more stable income stream. Let's keep it real, share your experiences, and help each other master the cash flow dance! 💃💰 #Controller4Hire #CashFlowStrategies #BusinessResilience #EntrepreneurialInsights #FinanceHacks

“Those who can, do; those who can’t, teach.”  George Bernard Shaw That quote has been ringing in my ears for a few years and has now reached fever pitch, so after 4 years and 4 months I have decided to step back from playing the support act (doing business advisory) and focus on creating a business of my own. The business will be announced when I return from holidays next year. This post is to thank my referral partners for their support and to the fantastic clients who I worked with. I have met some incredible people and I am grateful for everything I have learnt along the way. Aurelius Advisory is a successful (support act) business- advice backed up with implementation support. It allowed me to achieve a lot of things: - complete over 20 business turnarounds (weeks from liquidation to thriving) - arrange game-changing finance for growing and distressed businesses - grow businesses quickly - one highlight was $17k per month revenue to $870k per month within 6 months (funded solely from cashflow) - made several people multi-millionaires - develop a network of private lenders and investors  - helped pre-revenue start-ups to established businesses with over $300m in turnover - pay my bills and give me some pocket money - corrected countless funding stacks  - transform over 100 businesses I didn't do long-term contracts, monthly retainers or add on bookkeeping/ external CFO work because I wanted to create the opportunity for the best outcomes in the shortest amount of time possible for clients (not me). I am really proud that I took this approach because I was able to help more people to achieve success. It has been a fantastic journey and I'd like to extend my thanks to anyone and everyone who supported me over this time. I still love helping people and a good challenge - so rest assured I will answer the Batphone if it rings. However advisory will not be my focus for a while - I'll only have limited availability in this regard. #gratitude #thankyou #letsgooo 

Facing financial hiccups in your entrepreneurial journey?😥 You're not alone. 𝗙𝗼𝗿𝗯𝗲𝘀, in their latest blog, 𝗱𝗲𝗰𝗼𝗱𝗲𝘀 𝘁𝗵𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗲𝘃𝗲𝗿𝘆 𝗲𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿 𝗳𝗮𝗰𝗲𝘀 while equipping you with tangible coping strategies. And, here are some highlights from the read: 🔹𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀𝗵𝗶𝗽: A double-edged sword offering freedom yet posing unique financial hurdles. 🔹𝗠𝗮𝘀𝘁𝗲𝗿 𝗬𝗼𝘂𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗲𝘀: Understand the pulse of your revenue sources and chart a course for clear financial navigation. 🔹𝗧𝗮𝘅-𝗥𝗲𝗮𝗱𝘆: Stay updated and compliant with tax mandates to avert potential setbacks. 🔹𝗗𝗶𝘃𝗲𝗿𝘀𝗲 𝗥𝗲𝘃𝗲𝗻𝘂𝗲: Don't put all your eggs in one basket. Multiple streams can be your safety net in volatile markets. Why read?—Every business, big or small, grapples with financial uncertainties. With this Forbes’s article, you can equip your venture to not just survive, but also thrive. Click here to read now!👇 https://lnkd.in/diBJzC9M Looking for innovative financial management partners? Troc Circle's powerful netting platform allows businesses to simultaneously pay and get paid without moving money—📞 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝘁𝗼𝗱𝗮𝘆 to learn how it's done! #FinancialManagement #EntrepreneurshipChallenges #BusinessGrowth #TorcCircle

How to get an 800% raise.    Interestingly enough, one of my corporate clients did exactly that.    How is that possible, you might be asking yourself?   He works for a privately owned, not listed but rather big, company.    Here’s what we did. We planned a deal built on how much he could increase the turnover with at least 200 % and at the same time increase the margins to 20 % instead of 10,5 %. He finally succeeded to sell the ideas to the owners of the company. (Not to the CEO and definitely not to the CFO).   My client managed to finally negotiate a deal we had designed that said he could keep 10 per cent of the net margin – if he succeeded.   So what happened? We discussed every single step in the process from purchase to net sales. We interviewed people representing every single step in the process and asked them for improvements. From the purchasing department to the after sales team. Everyone got involved and everybody suggested improvements to the process.   Here’s what my client did. Instead of dealing with administration, he spent his days coaching each and every individual on her or his part of the process. And the train started to move. Slowly but surely.   They broke every single profitability record in the company’s history. Within 18 months my client’s individual earnings had increased with 800 percent.   What is the conclusion from such (completely authentic) case?   Well – what is your take on this? Let me know in the comments!

“When we got to 8 million, I felt like things exploded—in a bad way” Over the course of a dinner, I listened to this terrible—yet sorta common story from another business owner. Here’s the rundown: Started biz, slow at first, but service caught on. Basically, they grew revenue at 1M per year for 5 years. And in year 6, things went really fast in terms of growing sales. They added location #2, more vans, blah blah blah… Sounds good so far, right? Well….. He told me about some turnover in their bookkeeping staff, and that someone had stolen some money from the biz (sadly, that’s very common), their sales team got mad about comp plan (ok, that’s normal), but here was the kicker…. “we are still on a free version of our accounting software” Me: “huh?” [Literally, I’m not even sure how that’s possible, but ok] Let’s pause the story here. Business owner, there’s a lot of things you can’t control in your biz such as: *sales people getting mad about comp (lol) *dishonest people choosing to take advantage of you (yes you could have had better controls, but they still CHOSE to steal) *the market positively responding to your service and demand rising considerably. But you can control the following: *choosing to use the “free” version of crucial business tools when you’re at 8 million in sales. Software won’t automatically make your business better—but the mindset of not wanting to spend an inconsequential amount of money on something like this is….shortsighted (I’m trying to be nice). Shortsighted business owners get hurt, and it’s often the self-inflicted kind of hurt.  Aka: avoidable pain As your business grows in revenue and complexity, you have to make sure the systems and processes used to run the business scale with it. This can be it’s own kind of difficult, but it’s worth it. Your future self will thank you for that investment. #yourbizyourinvestment #dontbedumb #scale #growth #businessowner

🚀 Sustainable cash flow: Catapult your small business to financial triumph 💸✨ Profit may be the destination, but cash flow is your ride-or-die companion on the small business journey. To navigate these treacherous waters successfully, you must uncover the secrets of cash flow drivers and strategies. Let’s uncover them together! 👥 Orienting Sales Collection: Swiftly collecting sales revenue fuels positive cash flow, ensuring a steady infusion of funds for operations and opportunities alike. 🤝 Optimizing Vendor Payments: Balancing prompt payments with favorable payment terms allows you to maintain strong relationships while maximizing your working capital. ⚖️ Playing Debt Smartly: Managing debt obligations and payments strategically preserves cash reserves, empowering your business to seize growth prospects. 💼 Planning for Expenses: Astutely timing and forecasting expenses assists in stabilizing cash flow, mitigating mismatches caused by annual or semi-annual payments. 📊 Holistic Cash Flow Forecasting: Leveraging tools and techniques for accurate cash flow projections equips you to make critical decisions with confidence, identifying potential deficits and surpluses. 🛠️ Are you ready to step into the driver’s seat and master your small business’s financial destiny? Embrace cash flow mastery and ride the waves of entrepreneurial success! Learn more at https://lnkd.in/gsXZ4TJW What cash flow strategies have made the most impact on your small business? Share your insights below. #CashFlowStrategies #SmallBusinessFinance #FinancialMastery #RideTheWaves

🎯 Profits and Cash Flow: Know the difference, win at finance 🏆💰 Profit and cash flow—two essential pillars of small business finance. But understanding their nuances is crucial for financial success. So, let’s break it down together! 🏅 Profit: The measure of your business’s equity value increase—the glorious reflection of your success, growth, and hard work. 💵 Cash Flow: The cold, hard cash that flows in and out of your business—the life force driving day-to-day operations and long-term sustainability. 🔮 Why should small business owners delve into profit and cash flow? 🌈 Strategic Insights: Grasping this distinction elevates your financial decision-making skills, turning complexities into opportunities. 🌱 Risk Management: An aligned profit-to-cash flow strategy shields your business against financial uncertainties, ensuring stability during challenging times. 💸 Sustainable Growth: Integrating profit goals with cash flow management sets the foundation for consistent expansion, capitalizing on every opportunity. ✅ Ready to take charge of your financial destiny? Embrace the power of profit and cash flow harmony! Learn more at https://lnkd.in/gsXZ4TJW Share your thoughts below and join the finance-savvy community here to unlock new horizons. #ProfitAndCashFlow #SmallBusinessFinance #FinancialDecisionMaking #BusinessSuccess

On the journey of steering our business ventures towards success, we often find ourselves at crossroads, deciding how best to manage finances. It’s a common misconception that taking the hit ourselves by cutting down our own salaries is a noble way to keep the ship afloat. But here’s a crucial insight: Sacrificing your own financial well-being does not promote efficiency; it hinders it. 🌟True efficiency and growth stem from sustainable strategies that don’t rely on compromising your well-being. Cutting your salary may seem like a quick fix, but it’s not a long-term solution. It can affect morale, not just yours, but your team’s too. They look up to you, and seeing you undervalue your worth sends a powerful message about how the business values people. 🌟Don’t cut your salary to make the numbers work. Instead, focus on smarter budgeting, optimizing operations, and investing in growth areas that promise returns. Your financial health is just as crucial as your business’s. Protect it, and you protect your business’s future. #FactFriday #Facts #Salary #BusinessOwner #Income #Revenue #Cashflow #MoneyMangement #Profit #Profitability #Entrepreneur #SmallBusiness #Finance #CertifiedPFP

Discover the key factors influencing business valuations in the current market landscape. From economic trends to industry shifts, this article sheds light on what drives your business's worth. #arbusinessbrokers #businessbrokers #financing #sellyourbusiness #buyabusiness #sellabusiness #ARBB #Toronto #Ontario