you know exactly what you're talking about. This will help anyone make sense of their business sales. you can apply this to a regular paycheck also the principle of it all tracks every dollar and eliminates not losing or not knowing how you're gonna spend every dollar.
I think its game changing when business owners plan their financial goals, and then monitor them weekly. This really helps drive performance by getting focus on the ultimate goal, of making profit and cash! This really helped me clarify my message in my latest video, thanks!
I have now watched a few videos because I want to get serious about my finances in my business. This was the only helpful video with practical information. I will say though you might want to just tell people what kpi stands for. As business owners we are not all savvy with accounting terms.
Wow! 👏 👏 👏 What a true masterclass. In under 13 minutes you clearly explained what budget is and how to create one. Also valid to create a budget for domestic use. I wish you lots of success in your CPA carrer 🤲 and entrepreneurship.
New to your page .. thanks for the information am 23 and looking to open my 3rd business atm in planning my biggest problem is budgeting myself I know how to make money and even if I fail at times it don’t bother me ..what bothers me is not knowing where all my money keep going looking forward for more of your videos
I absolutely loved your explanation - you are the first person who really helped my light bulb go off in my brain about truely what a budget is all about - Thank you.
6:08 correct me if i am wrong but debt is tax free so basically if you use debt correctly u can live tax free and with the money u got u can invest them into ur business
Great stuff, where have you been all my business life? So simple to understand and it totally demystified the dreaded budget hideous (for me) subject. Thank you Sherman!
Who said accounting isn’t exciting?? You guys are awesome. Thank you so much for such valuable information and for presenting it in such simple to understand manner. Great summaries as well. I’m sure your videos are helping a tremendous amount of people with their small businesses. Learning how to take control of your business makes this exciting. Subscribed! Thanks again! Greetings from Perú🇵🇪 !
I dispute that the only income you should count in your budget is sales. Income can come from many sources, and they're all valid. If your business runs on anything from investment dividends to government grants, that's still a business income and you can use it in your budget.
This is a great video. Do you have any advice on what percentages should be maintained for expenses? Example, I get excited when I learn about new technology and I want to purchase and sometimes I do. But I notice that it cuts into my profit. Any tips on “buy or not buy” even when you can afford it?
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If you enjoyed this video, check out the 2022 version here: th-cam.com/video/e32WwNVQn08/w-d-xo.html
Wow. I was so stressed today about creating a budget. This is amazing man. Thank you so much.
Glad this video helped you so much. You're very welcome!
Do you the new client? I have cpa questions.
you know exactly what you're talking about. This will help anyone make sense of their business sales. you can apply this to a regular paycheck also the principle of it all tracks every dollar and eliminates not losing or not knowing how you're gonna spend every dollar.
I think its game changing when business owners plan their financial goals, and then monitor them weekly. This really helps drive performance by getting focus on the ultimate goal, of making profit and cash! This really helped me clarify my message in my latest video, thanks!
I am here in 2023 and this video is truly helping. Thank you!
I watched the introduction and i subscribed. Your enthusiasm is great! Continue your great Work!
That means a lot, thank you
Fellow CPA here! Love the channel and video!
Awesome! Thank you!
I have now watched a few videos because I want to get serious about my finances in my business. This was the only helpful video with practical information. I will say though you might want to just tell people what kpi stands for. As business owners we are not all savvy with accounting terms.
Thank you I also am a kid and needed help for my business.
Wow! 👏 👏 👏 What a true masterclass. In under 13 minutes you clearly explained what budget is and how to create one. Also valid to create a budget for domestic use.
I wish you lots of success in your CPA carrer 🤲 and entrepreneurship.
Budgeting is very importat and this is a great video. Thanks!
New to your page .. thanks for the information am 23 and looking to open my 3rd business atm in planning my biggest problem is budgeting myself I know how to make money and even if I fail at times it don’t bother me ..what bothers me is not knowing where all my money keep going looking forward for more of your videos
I absolutely loved your explanation - you are the first person who really helped my light bulb go off in my brain about truely what a budget is all about - Thank you.
Glad I could help!
LOVE This video Sherman!!!
6:08 correct me if i am wrong but debt is tax free so basically if you use debt correctly u can live tax free and with the money u got u can invest them into ur business
Super solid video! Just what I needed.
Really appreciate the simple steps you gave to create a budget.
Thanks!
Great tips ! Thank you!
Great stuff, where have you been all my business life? So simple to understand and it totally demystified the dreaded budget hideous (for me) subject. Thank you Sherman!
Happy to help & thanks for watching! What kind of business do you have?
This was great! Extremely detailed 🎉❤
Thanks man. This is really helpful.
Yes pay yourself! Great advice
Great informational, step by step video! I'm gonna work on my budget today!
You ignore accounting until things get bad 😹😂😹. So true
Like the information provided in the video
Great information. Very clear and understandable.
Thanks! Do you run a small business?
Yes, I have an ATM business.
Thanks for the info man. Subscribed.
Thanks for the sub! What kind of business do you run?
@@LYFEAccounting It’s a work in progress but it’s logistics related.
Who said accounting isn’t exciting?? You guys are awesome. Thank you so much for such valuable information and for presenting it in such simple to understand manner. Great summaries as well. I’m sure your videos are helping a tremendous amount of people with their small businesses. Learning how to take control of your business makes this exciting.
Subscribed!
Thanks again! Greetings from Perú🇵🇪 !
Exactly!! Thanks for your feedback! Glad you liked it :)
Thanks Sherman. Great information!
Glad you enjoyed it!
@@LYFEAccounting Thank you.
omg thats a lot of info, im gonna have to watch this again lol. great video guys thank you (:
Hope it blesses you!!
Thank you
Mannnm thank you 🙏🏿 ❤😊😊
thank you!
Thanks for the vid sir!
Thank you for this content! 😊👏🏻
I dispute that the only income you should count in your budget is sales. Income can come from many sources, and they're all valid. If your business runs on anything from investment dividends to government grants, that's still a business income and you can use it in your budget.
dude, you save my life 💖
Wow thats so great to hear
Wow this was SO HELPFUL!! Definitely subscribing. Thank you!!
Ohhhh it only gets better from here! Thanks for watching and subscribing. - Sherman
Thank you for the information.
Any time!
A very good video
I loved it so much that I have now subscribed to your channel. Thank you
Thanks for subbing!
wow! are there any templates available online for this kind of budget tracking and management
Well you are an absolute treasure! 🙌🏾
I need your help for 2021 possible for relocating and starting two more business
Asking this on a youtube comment is the absolute perfect public place! Thank you for your comment, very professional.
You can always reach out to us on lyfeaccounting.com
Thank you so much.are these allocations coming from Profit or gross sales
Which ones?
Skip to 3:30
Thank you.
You're welcome! Do you currently run a small business?
I tried reaching out to you guys says you aren’t taking any new clients at the moment 😩 is that really the case? I need help
Great info! The sounds were a little too loud, though (chirps, rings. Etc). Thanks for offering this info!
Noted!
This is a great video. Do you have any advice on what percentages should be maintained for expenses? Example, I get excited when I learn about new technology and I want to purchase and sometimes I do. But I notice that it cuts into my profit. Any tips on “buy or not buy” even when you can afford it?
I just saw the percentages in your video. I suppose I should watch the entire video before I ask questions. Great job. Thanks.
No problem. Glad you found the answer!
How do we contact your company
The how starts in minute 7. Just saying :)
He's got a Chris Rock thing going on with his hands.
You can't afford to not budget.. Get it? afford... budget... ahhh get outta here.
😂😂
❤❤❤❤❤❤❤🎉🎉🎉
I appreciate this video but 7 minutes in before we start building a budget? Damn bro.
😂 Had to pour the foundation before building the house.
You guys are just wasting our time