by Mikkel Pitzner | Nov 13, 2023 | Uncategorized
In this edition, we delve deep into the skeletal framework of the Profit & Loss (P&L) Statement—a critical financial document that, when structured properly, provides a transparent view of your business’s fiscal health. The artistry behind a well-crafted...
by Mikkel Pitzner | Nov 13, 2023 | Uncategorized
Ok, so we agree on the need for having a great bookkeeper so we can be assured that we always have up-to-date good books available at our fingertips. Now, before we continue, we need to get to grips with the various types of costs in a business. I will explain in...
by Mikkel Pitzner | Nov 11, 2023 | Uncategorized
Congratulations on taking that crucial step of getting your books in order! Most of you more than likely had this in order already, but ever so often I come across a client where that is not the case. On rare occasions, I actually see the cardboard box scenario filled...
by Mikkel Pitzner | Nov 11, 2023 | Uncategorized
In the diverse landscape of small to medium-sized businesses, it’s not uncommon to find partners in life doubling as partners in business. Many entrepreneurs choose to involve their spouses or significant others in various roles, with a common choice being...
by Mikkel Pitzner | Nov 10, 2023 | Uncategorized
In today’s issue, we tackle the very backbone of your business: the numbers. The late business guru Peter Drucker is quoted for having said: “What gets measured gets managed.” Tony Robbins has reworded this to: “You can’t manage what you don’t measure.”...
by Mikkel Pitzner | Oct 30, 2023 | Uncategorized
Welcome to the fourth edition of “The Automated Millionaire” newsletter. In this issue, I want to clarify a fundamental aspect of our journey together. You, as my readers, are already masters of your craft. Your expertise in your respective fields, trades,...
