Have you ever wondered why you look at your profit and loss and it says one thing but you look at your bank account and it says another? Or maybe you look at your profit and loss and it shows a great or terrible month but it’s in huge swings both ways?

That’s because there’s a huge difference between tax accounting and financial accounting in how you assess the numbers in your business. Believe it or not, the way you analyze the profitability of your business should be different than how the IRS analyzes your business. In this episode we help simplify the understanding of why things can be different and the best way to analyze the numbers for your business.

Are your finances something you struggle to understand? Do you need help identifying your breakeven number and using your financial analysis to make decisions in your business? Schedule a free business analysis meeting at www.elitebusinessadvisors.com

Scheduling projects properly is one of the hot questions of the summer so far for us. In this episode we cover how to schedule work to make sure you’re meeting your financial goals, how to set the right expectations with your customers, and also how to allow for flexibility and changes for when projects pop up and you can capitalize on them.

Need help working through the technology or processes for scheduling jobs in your business? Schedule a free business analysis meeting at www.elitebusinessadvisors.com! We help painting contractors in every area of their business.

For more details on the Elite Business Retreat mentioned in the intro, visit www.elitebusinessadvisors.com/retreat!

One of the best ways to wreck your cashflow is to not have a great system in place to manage change orders and time and material tickets. Between dragging out the process, losing documentation, and even disorganization leading to a loss of revenue, it can be a real detriment to your business. On today’s episode, we interview Cameron Page, CEO of Clearstory. Cameron came from the commercial construction world and after almost a decade of frustration with the process of change order processes, ventured out to solve the problem for the industry.

Looking for more information on Clearstory? Visit www.clearstory.build to schedule a demo of their platform!

For more details on the Elite Business Retreat mentioned in the intro, visit www.elitebusinessadvisors.com/retreat!