4701 Weston Hills Dr Eagan MN 55123

Will I have enough cash to stay afloat?

By No Comments

Part 1: Cash flow budgets to strengthen your business

Do you have enough cash flow? Find out in your cash flow budget

A company’s cash flow budget is a mainstay of their financial reporting and can be used to predict and forecast cash flow requirements. If you’re not currently looking at this type of report, here’s why you need to prepare one and what it can tell you about the business.

Why prepare a cash flow budget

The cash flow budget is quite simply a report showing how much money is entering and exiting the business. It shows how much cash you’ll have on hand at any given period of time.

First and foremost, a cash flow budget is a plan for business owners and management to help understand their cash position and achieve their business goals.

Secondly, and just as importantly, a cash flow budget is usually required by anyone considering lending your business money. This plan helps demonstrate how your suppliers will be paid, how quickly your company can grow, and the financial viability of the business. It also shows the potential to declare dividends and increase owner equity, which may be an important aspect for business owners and shareholders.

The ultimate goal is to be cash flow positive: bringing in more cash than is going out.

 

What does a cash flow budget tell me?

A cash flow budget will estimate your future business income and expenditures, and will help you predict if and when you’ll fall short so you can take proactive measures to avoid those situations.

Once complete, the forecast will give you information on at least seven important points:

  1. What months you might run short on cash
  2. If you have enough cash flow to pay your bills at the end of every month
  3. If longer payment terms are potentially putting you in a cash flow crunch
  4. Whether or not you have the right minimum beginning balance for each month
  5. If there are seasonal fluctuations in cash flow
  6. If you can take advantage of unexpected supplier discounts
  7. If you need to raise capital

So how do you complete the ever-important cash flow budget? Read part two and learn the 7 steps to budget your cash flow.

 

7 Steps to create your cash flow budget

By No Comments

We have all heard the expression “Cash is King!”  or its all about the cash flow.    However, not everyone knows how to budget or plan their cash flow.    The article “7 steps to create your own cash flow budget” could be just the help you need to understanding your particular cash flow….

 

Do not forget to RSVP to our next event that will teach you how to grow your business the right way and without spending tons of money money on marketing!

Welcome New Members!

By No Comments

From time to time at the small business Advisory Board, we add new members to help us serve you and our clients better. We are proud to introduce Four new members to this group over the last 3 months period we are excited for their addition to the team and what they can do and we hope you will spend some time getting to know them!

Meet The New Members

Ryan Bodin– He is our newest wealth management professional infills avoid that we have had for a very long time in this group. He is a professional that works for Raymond James Financial and will do amazing things for this group. Find out more about him here on his profile.

Bryan Rogers– Bryan is our new business banker and we are excited about what he brings to the table with his longevity and commitment to the century 21 brand check out his profile here.

Young Bebus– We are very excited to have young on the team because she fills a void that we have needed for a long time. That being the business broker of the group. Find out more about her and what she does here on her profile.

Jeff Rohach– Jeff is also an amazing addition to the group. We have needed a CFO that we can count on in this group for a very long time and so have our clients . find out more about Jeff and what he does and the services he offers here on his profile .

 

Don’t forget to RSVP to our next lunch and learn in January and learn how to grow your business the right way without spending tons of money to do it!

 

Brand Bootcamp Big Give – Benefiting Toys for Tots (and You!)

By No Comments

Most businesses know their products and services inside-and-out. But, they don’t know how to clearly communicate that to their customers. Sound familiar?

Do you struggle with:

  • Simplifying your message so you can explain to your audience what you do and why they should care?
  • Differentiating yourself from the competition and standing out in a crowded marketplace?
  • Understanding how your audience thinks, their driving forces, and how to talk to them?

BRAND BOOTCAMP WILL CHANGE THE CONVERSATION AND TRANSFORM YOUR BUSINESS… FOR JUST $25 (Regular Price $495)

December 6, 9AM-4PM. Includes lunch.

When was the last time you worked ON your business, rather than IN it? Dedicate one day to making your brand stronger than ever and crafting marketing messages that truly connect.

Keep Reading to: Watch a 2-min video that sums-up the event, learn more about Brand Bootcamp, and find out how we’re helping Toys for Tots.

Continue reading

Lunch & Learn- Reduce Your Tax Liability

By No Comments

What if there was a way to reduce your tax liability by 25% or more….on money that the IRS has already given you a deduction on?

Small Business owners today are frequently the favorite target of politicians looking for more revenue, often making taxes one of your biggest expenses.  In Jeffrey’s presentation you will hear about a closely guarded secret of affluent business owners that your Financial Advisor, CPA or Tax Attorney have never shared with you, and may even be unaware of.   Small Business owners won’t want to miss the next lunch and learn event with Jeffrey Thompson, who will be sharing this little known method that can unlock significant tax savings on existing qualified plan savings.

Continue reading

November Guest Speaker Jeffrey Thompson

By No Comments

Jeffrey’s history in the financial services industry started in January of 1998, as a field sales trainer and sales manager for insurance giant AIG. He later joined Allianz Life as a wholesaler of annuities, life insurance and long term care insurance working with agents nationwide. In 2007 he branched off into the life settlement industry closing nearly $350 million in life settlement cases in just 18 months. Concurrently Jeffrey started his own agency in 2002 as an independent agent and continues to do personal production.  Jeffrey is a highly sought after sales trainer, coach and marketing consultant to life insurance agents and advisors nationwide, working with many of the industry’s top agents and advisors.  He is known by many in the industry as “The Leveraged Marketing Guy” and is the developer of the popular Quantum Marketing System™ used by hundreds of agents and advisors nationwide.  He was recognized by leading life insurance and annuity distributor ECA Marketing for his innovative, creative thinking and contributions as recipient of the 2015 Visionary Award.

Jeffrey will be speaking on a unique tax discounting approach to help business owners reduce their tax liability by 25% or more on already tax deferred savings, known as The Distribution Solution.

  • The little known strategy is designed to convert a taxable qualified account into a tax free income on a tax advantaged basis.
  • Reduces exposure to stock market volatility
  • Eliminates Required Minimum Distributions (RMD’s)
  • Insulates savings from future changes to tax rates

ECA Marketing, Inc.  www.ecamarketing.com

Office Hours: M-Th 8AM CST to 5PM CST,  Friday 8AM CST – 4PM CST

7800 Equitable Drive | Suite 200 | Eden Prairie, MN 55344
P: 800.356.4189 x2216| D: 952.224.0256 | F:952.229.8606

 

 

Silent Auction Items

By No Comments

Our next event will be a combination of our “normal” Lunch & Learn Headlined By Shannon Johnson and a fundraiser for the not-for-profit, Devoted Foundations that helps those in need for free. Come and learn, eat an amazing lunch, and do a silent auction for all donated items for a good cause! More details to come and you can find out more about Devoted Foundations by visiting www.DevotedFoundations.org.

Silent Auction Items:

We are blessed to have so many businesses offer silent auction items here is a list of just some that will be offered up at the auction!

MN Vikings signed memorabilia- Valued atpriceless

Free spa treatment Valued at around $400

Free Beauty make over-Valued at over $300

Big Screen TV– Valued at over $800- Donated by PawnWorks

Luxury Jewelry – Valued over $1,000- Donated by PawnWorks

Onsite Business Health Check– Valued between $3,000 & $10,000 By Devoted Enterprises

Online marketing & lead generation membership- Valued at over $7,300

Brand Bounce Bootcamp Workshop- Valued at $300- By Orange Ball Creative

Three-hour sales training mini boot camp for up to 10 staff members by Sandler Training-  $1500 value

2-hour onsite manager/supervisor sexual harassment prevention training seminar (max. attendance 25)(Value $995) Donated by Zaylore Stout & Associates

(2) Gift certificates for free starter package for martial arts training and self defense- donated by Z ultimate self defense studios– value of $400 each

**items will be updated as they are added*

You can reserve your seat and RSVP to the luncheon here!

Creating Effective Social Media Marketing Strategy

By No Comments

Shannon Johnson will be presenting on “Creating an effective social media marketing strategy”.

There‘s no denying that you need to be using Social Media Marketing as part of your overall marketing strategy.

In today’s world, social media is part of our daily lives with most people tuning in, turning on and connecting to one social platform or another. With billions of people using social media, you would be crazy not to be using it to build your online presence. However, there’s more to social media marketing than just creating profiles on different platforms and posting content. To get results, you need a strategy. In this lunch and learn, we will get you the keys to making your own strategy work!  We will also be doing a fundraiser for a special organization!

THE FUNDRAISER

This fundraiser event will use 100% of all proceeds made during this event to help businesses and business professionals in need through our partner organization Devoted Foundations SBC. They help businesses and people in need with the donations that are given and allow them to get the professional help they need to get their business and their career back in line and on track. They need our help! Come and do a silent bid on things like Big Screen TV’s, fine Jewelry, Spa Treatments, beauty make overs, free consulting help, and more. stay tuned for updates!

RSVP for the luncheon today!

 

October Guest Speaker Shannon Johnson

By No Comments

The SBAB is excited to announce that Shannon Johnson is our Guest speaker for our October 17th Lunch and Learn and Fundraiser event.  Come and here her speak on “How to Create an Effective Social Media Marketing Strategy”.  You can RSVP to the event here!   So who is Shannon Johnson?

Shannon Johnson

“I’m an entrepreneurial-minded marketer who offers a variety of support for growing businesses.  I’m passionate about helping others market their businesses so that they can earn a comfortable income doing what they love. As a seasoned networker, I also enjoy being able to make quality introductions for you to the right people. I have an impressive network of amazing connections and talented friends. I love connecting them!” 

My background is in marketing and design from Dakota County Technical College in Rosemount, Minnesota.  I’m a serial entrepreneur. I’ve decided to freelance and help other business owners. I used to work for a well known Minnesota marketing agency, Media Relations Agency. I published a women’s business magazine before that for over six years. I founded and sold a successful women’s network, called Encourage Her Network. I’ve produced hundreds of live networking events in the Twin Cities that supported many great non profit organizations around the world. I’ve personally supported hundreds of small businesses with their marketing over the last decade. My network has grown stronger over the years. I’m working on projects tailored specifically to the needs of my clients from strategy and event planning to social media and building websites. Every project is different which keeps my work exciting! I can help you fill the gaps in your marketing strategy.

I offer strategy sessions with expert marketing advice if you want to do it yourself. My positive coaching style aids clients along in taking action on “business building” or “revenue generating” activities. We talk about making money, growing sales, innovative marketing strategies, creative business approaches, branding, and more.

“Think BIG. Dream BIGGER“

I’ve done a ton of personal development over the past decade. I strive to always be learning and growing, spiritually, mentally, physically, and financially. Staying up to date on industry trends fascinates me. I love investing in personal and professional growth but what’s even better is seeing other people in my life grow right along with me. I think success is sweeter when shared.

“LIVE A GREAT STORY.  LIFE IS IN SESSION.”

I enjoy using my God-given gifts to help businesses connect with more customers. Strengths-finder categorized me as a “maximizer”. That means that I’m driven to help people and projects succeed. Hearing businesses’ stories excites me. I’ll listen to your needs and connect you to the right resources. I look forward to getting to know more about you and your business!  Contact me to find out more!

Advisory Board For Hire

By No Comments

Hire the Board

Did you know that businesses that use the help of an Advisory Board at least once a year outperformed those that do not? We see this regularly when consulting with business owners. The fact of the matter is all business owners need some support and guidance along the way the matter how good they are. that is why the Small Business Advisory Board Offers a service call Advisory Board for Hire.   So how does this work?

Continue reading