Managing by Bank Balance: A Humorous Take on Serious Business

January 16, 2024

Life is Too Short for Low Returns on Big Energy

Hello there, fellow studio owners, entrepreneurs, and women-owned companies! Do you remember the last time you checked your bank balance? Was it a minute ago? Or are you opening another tab to check it right now as you read this?

Forget About Managing by Bank Balance

Well, if your heart rate spikes at the sight of your bank statements or if you’ve developed a tic from constantly refreshing your banking app, I have some news for you. There’s a smarter way to manage your finances, and it doesn’t involve frantically hoping there’s enough in your account to cover this month’s expenses.

Baking Smooth Financial Systems into Your Business DNA

Donna Bordeaux, our very own PYOP Accounting maestro, has a message for you. Forget about managing by bank balance. It’s as effective as driving while only staring at your speedometer. You’ll either end up in a ditch or get a ticket for going too slow. Neither is particularly appealing, right?

The Key to Profitability and Planning for Growth

But wait, there’s more! Donna doesn’t just want you to keep your business afloat. She wants you to turn it into a veritable cruise ship. That’s why profitability and planning for growth are key. Analyzing your revenue versus costs and refining your pricing strategies might sound daunting, but with a little help, it can be as easy as pie. And who doesn’t love pie?

Your Personal Financial Officer (PFO)

Imagine having a Personal Financial Officer (PFO) who is dedicated to managing your cash, profitability, and financial goals. Someone who could guide you and hold you accountable for achieving your goals. Someone like Donna.

Time to Make a Move

If you’re tired of watching your bank balance like a hawk and want to start living life on your own terms, it’s time to make a move. Let’s discuss how we can guide you towards achieving your goals rather than merely maintaining the status quo.

Invest in Your Business

Because remember, life is too short for low returns on big energy. So why not invest in making your studio a main source of income and a worthy investment? After all, your business’s job is to support you (as you support it).

Step into a World Where Financial Management is Easy

So, put down that banking app, breathe a sigh of relief, and step into a world where financial management is as easy as one, two, PYOP.

Connect with us!

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Donna Bordeaux, CPA with PYOPAccounting.com

Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.

  • Your studio’s perceived value depends on how you frame it – as a mere place or as an experience, a community, and a path to profitability, as illustrated by Russell Brunson’s story about the perceived value of his iPhone.