Financial GPS

I read the “Great Game of Business” by Jack Stack years ago, it was transformative. I’m excited to go through the GGOB workshops and Coaching Session.

ThoughtSpot's Dashboards Are Dead whitepaper posits that companies need a cloud-based analytics solution that leverages AI for insights and consumer-grade UX for adoption. Similar to how Quickbooks is used for accounting and Hubspot for sales, ThoughtSpot says you need a standalone solution for analytics—a single endpoint where users can ask questions about their data, see trends, and find opportunities. #analytics #dashboards

Attack with more than just one or two pieces is a principle in chess that applies to business. Businesses that win have the ability to create value and show how they’ve added value well beyond their costs. Creating and showing value is essential, and businesses need multiple pieces to work together to do both things well. Showing value is one of the best use cases for Dashboards. #strategy #chess #dashboards

Don't Do. Automate. Outsource. But if all else fails, hire someone. Technology, AI, and automation tools like Zapier and n8n can 10x your productivity and reduce FTE overhead. The rest of the world is catching up, so you can use firms like Keen360 or SupportShepard to offshore work and reduce OPEX. But if you do have to hire an FTE, you'll want to make sure you know the true cost of hiring. This is a clip from the Financial GPS video vault! It's an oldie but a goodie.

Understanding why SMBs buy and consume financial products and services can spark ideas for more collaboration and partnerships. By mapping out the ecosystem and how various solutions coalesce to serve the end consumer, sales teams can better address the consumer's needs and jobs to be done.

Dynamic pricing is good business. When demand goes up, and supply can’t move fast enough to produce more, the price must increase. Amazon and Uber figured out dynamic, or surge pricing, eons ago. It’s time for barbershops and restaurants to follow suits. A local restaurant owner was able to make an additional $1500 per month from dynamic pricing on his burgers using technology called Juicier. The burger surged from 12 to 18! What do you think about dynamic pricing ?

Have you ever found a product that automated away countless hours of work? We have! It's called Bill.com. Bill.com is the best product in the world for Accounts Payable. Their reporting solution needs a little work, but when it comes to AP, we'd put Bill.com up against anything. We love Bill.com so much that if a client doesn't want to use it, we punt AP. It's Bill.com or the highway at Financial GPS. But here's the thing: You can supercharge Bill.com using APIs and Google Document AI. This article explains how. Please stop sending manual checks to pay vendors. It's 2024, let's automate away AP with Bill.com!

"Control your cash. Stick to your core business. Know your numbers." This is sage advice from Marcus Lemonis, CEO of Camping World, and you'd be wise to follow it in the order that he prescribes. Check out our latest post | The 13-Week Cashflow Projection ??

New Blog Post | The benefits of the rolling 13-Week Cash Flow Forecast. (link in the comment section) DM Rayce Rollins if you want a copy of the 13-Week Cash Flow Template!

Apple Inc. made $383.3B in revenue last fiscal year. This plot by App Economy Insights beautifully visualizes revenue by products and services.