Fintellect’s Post

Let’s talk about budgeting.💰 It’s that time of year when you start reviewing your agency’s performance and thinking about next year’s goals. And while budgeting might not be the most exciting task, it’s an essential part of running a successful agency. But here’s the good news—it doesn’t have to be complicated. We use a straightforward, pay-yourself-first approach that makes budgeting simple to implement and easy to track. 💡 Want to see how it’s done? Check out our latest blog for a fresh, no-nonsense take on agency budgeting. ➡️ https://lnkd.in/g28YQEAd #AgencyBudgeting #FinancialPlanning #AgencyGrowth

This is a secret. Promise me you won't tell anyone. But if you must share it, make sure to invite them to join our exclusive Clan. The secret to financial success isn't just about earning money. It's about how you organize the flow of money into your bank accounts. To truly master your finances, you need to ensure that money comes in through four distinct streams. Here’s how you can do it: 1. Daily Income: Have something to sell every day. This ensures a steady stream of daily income, keeping your cash flow consistent. Whether it’s a small product, a service, or even freelance work, daily income keeps you financially agile and ready to handle everyday expenses without stress. 2. Monthly Income: Establish a source of income that pays you once a month. This could be a subscription service, rental income, or a regular freelance gig. Monthly income provides stability and helps you cover recurring expenses like bills, rent, or debt payments. It’s the backbone of a solid financial plan. 3. Annual Income: Develop a product or service that brings in money once a year. This could be a big project, an annual event, or a seasonal product. Annual income is often substantial and can provide a significant financial boost, helping you save for larger goals or investments. 4. Sporadic Income: Create an unpredictable income source that brings in money randomly. This could be through investments, occasional consultin Sporadic income is like a financial wildcard—it might not be consistent, but when it comes, it’s a pleasant surprise that can enhance your financial flexibility. When you diversify your income across these four categories, you’ll find that money starts pursuing you, instead of the other way around. You become less reliant on any single source of income, which enhances your financial security and peace of mind. Join the Profitable Clan: To truly master these income streams, join the Profitable Clan. Our members receive exclusive and strategies on how to create and manage these diverse income sources effectively. If you want to join the Profitable Clan, click here. https://lnkd.in/dhBWmqMK

5 tips to manage your agency's money better 💰 Empower your marketing agency with these simple tips for long-term financial success. 1. 𝗦𝗮𝘃𝗲 𝗠𝗼𝗻𝗲𝘆 𝗳𝗼𝗿 𝗮 𝗥𝗮𝗶𝗻𝘆 𝗗𝗮𝘆     Keep some money aside for when things get tough or to invest when the right opportunity comes. You can start by saving a little bit of your earnings each month. 2. 𝗠𝗮𝗸𝗲 𝗜𝗻𝘃𝗼𝗶𝗰𝗶𝗻𝗴 𝗘𝗮𝘀𝗶𝗲𝗿     Make sure your clients pay you on time and remind them if they're late. You can also use software like QuickBooks to automate the process of collecting money every month. 3. 𝗣𝗹𝗮𝗻 𝗬𝗼𝘂𝗿 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄     You should know how much money you'll have coming in and going out in the future. This can help you avoid running out of money when you need it most. 4. 𝗪𝗮𝘁𝗰𝗵 𝗬𝗼𝘂𝗿 𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝘀     Keep an eye on how much money you're spending. Look for ways to cut costs or get better deals from your suppliers. 5. 𝗛𝗮𝘃𝗲 𝗦𝗲𝘃𝗲𝗿𝗮𝗹 𝗦𝗼𝘂𝗿𝗰𝗲𝘀 𝗼𝗳 𝗜𝗻𝗰𝗼𝗺𝗲     Try to make money from different sources, like offering new services or finding new clients. This can help you stay afloat if one part of your business slows down. 𝗕𝗼𝗻𝘂𝘀 𝘁𝗶𝗽: Don't wait until you're in trouble to start thinking about your agency's finances. Keep an eye on your money regularly so you can fix any problems before they get too big. Managing your money well is crucial for the long-term success of your marketing agency. If you have any questions, feel free to ask! 👇

Everyone says don't post financials. Screw them. I've never been attached to money. I like it. Money buys things that bring you comfort. If you save it, you have a little to fall back on when you're not earning. But that's about it. Money comes. Money goes. This post isn't about money. It's about building businesses. (Money is a bi-product) Over the last 5 years so, I've built out 2 businesses. The first is The Voice Company, my agency label. And the second is Copywriting With Bo. And while I'm passionate about both of my babies, I'm even MORE passionate about pushing the idea of building something of your own. And sure, while it isn't easy (things seldom are), it isn't as difficult as you think either. Here's what you really need. (I could be VERY wrong though, so do correct me, if I am). You need an idea to begin with. What are you trying to solve for? Do your research. Does something like this exist in the market? If it does, how differently will you do it? What do you have, that others don't? You need a little bit of capital. In the case of Copywriting With Bo, I needed a platform up and running, I needed a payment gateway, I needed Zoom subscriptions. How much you need varies from business to business, and idea to idea. It's possible to start a business without any capital as well by the way. You need the right team. Understand that you will not be able to do this on your own. You need people who not only understand your vision, but believe it as well. My people were Ivy Datta adhiraj mukherji Sneha Mirchandani and their wonderful team. And the entire CWB community as well, who trusted me to push them towards being a better creative person. You need a business mind. (Honestly, I never knew I had this). You need to understand data, pivot if something is not working, you need to understand pricing, audience segmentation, product fit - all of that. And while a lot of this comes from experience, much of this is also gut. You need to be honest Sure, you can say honesty has no place in building a business. And perhaps you're right. But if you can't go to sleep better at night, what's the point? For example, when someone reaches out to me on LinkedIn, and asks 'Will I get a placement after this traineeship?', but honest answer is 'I can't guarantee that. What I can guarantee is that you're going to have a stunning portfolio, and that usually does the trick'. But more than anything I think, what you need is to be fearless. You need to create without the fear of it failing. And that's hard. I know it is. But as soon as that fucking fear enters your head, you're fucked. So if you have an idea, please build it. If you need help building or scaling, reach out. If I have bandwidth, I'll absolutely try and help you, I promise. #build #buildinopen #business #advertising #copywriting #buildinpublic #numbers #revenue #support #family

Here’s what I advised a client to help him add an extra £40k to his yearly profits 👇 My marketing agency client wanted to scale to £100k in profits from his current profit of £60k. So I reverse-engineered the goal. £100k yearly profit means £8.3k profit per month. His current fixed costs were £150k. With a Gross Profit Margin of 60% and average selling price of £2000 per month He needed 18 paying clients every month. Compared to the 15 he currently had Here are a few other things we looked at: → Increasing the Gross Profit Margin by reducing cost → Increasing the prices of specific clients  → Staff capacity and requirement With these in mind, we created a strategy that could help the client achieve his goal of £100k. We could see the increase in profits within 8 months. The client is on their way to achieving their dream of £100K sooner. That’s the benefit of working with a class accountant 😉 (Yeah, I had to brag a little) But if you’re a business owner with similar issues and don’t know how to take care of your finances, my DMs are open for you.

Profit and loss is for EVERYONE! Not just finance.   Yep you read that right! 😂   Your P&L reports are key to monitoring the financial health of your agency. And the rest of your team needs to understand what this mean for their job security, salaries, bonuses and projects.    We talk a lot about the importance of building a commercial culture in your agency, at the Agency Works, and this is where you can really make a start ✅📈 It's in everyone's interest to see how they contribute to the numbers... timesheets, hours and expenses etc.    Read my blog: https://lnkd.in/eq_D8dzm   #agencyleaders #agencyfinance #profitandloss #ebit #commercialculture

Did you know that 90% of solopreneurs and freelancers don't keep proper records of their cash flow? It's true! Often, they think, "It's just a one-person business; why stress?" And of the 10% who do track their finances, many still rely on pen and paper— or worse, try to keep it all in their heads. Let's be honest: keeping track of income and expenses can feel overwhelming, especially when it's an ongoing task every week, every month, year after year. I get it—you don't have time for that! But tracking your cash flow isn't just a good idea; it's essential. Emphasis on ESSENTIAL! Without proper cash flow management, how can you expect to grow or scale your business? Now, imagine this: 🫴 A monthly record of your income 🫴A monthly record of your expenses 🫴A detailed breakdown of how you're spending your money 🫴Insights into what you can do to increase your income 🫴Avoiding debt and late fees 🫴A better strategy for managing your clients Suddenly, managing your cash flow feels doable, right? It doesn't have to be complicated. With a simple template, you can easily track your cash flow. All you need to do is fill in the spaces with your figures as you receive income and make expenses. That's all! So, what are you waiting for? Send me a DM, and let's get started! How have you been tracking your income—pen and paper or just in your mind? Liked this content? Follow me 🤝 and ring the 🔔 Bell on my profile. As your Record-keeper and Data Entry Expert, I'll help you keep your financial records organized with simple tools. Let's make managing your finances easy and stress-free!

Estate planning is often a topic that many people tend to avoid or postpone, yet it is a crucial aspect of financial management. It involves making arrangements for the transfer of your estate upon your death or incapacitation. While it may seem daunting, especially for those who are unfamiliar with the process, estate planning is essential for ensuring that your assets are distributed according to your wishes and that your loved ones are taken care of. In this article, we will delve into the Estate Planning Essentials and how it can help you build a solid financial foundation for the future. #seo #seo services #off page seo #seo link Building #On Page seo #guest posting #link building #on Page optimization #ranking on Google #content writing #seo content writing #technology writer #blog writing #web writing https://lnkd.in/dww_EKkp

57- Types of Income & Expenses Title Slide: Attention Freelancer & Business Owners! New Tax Transparency with AIS Slide 1: Introduction Content: Overview of new CBDT notification for financial transparency and compliance. Slide 2: Salary & Rent Title: Salary & Rent Content: Employment income and property leasing income. Slide 3: Dividends & Interest Title: Dividends & Interest Content: Investment returns and various types of interest income. Slide 4: Special Interest & Winnings Title: Special Interest & Winnings Content: Machinery rent, lottery, and horse race winnings. Slide 5: Provident Fund & Debt Funds Title: Provident Fund & Debt Funds Content: PF withdrawals and specified debt fund interest. Slide 6: Bonds & Securities Title: Bonds & Securities Content: Interest from bonds, securities, and offshore funds. Slide 7: Foreign Investments Title: Foreign Investments Content: Gains from foreign bonds and institutional investor income. Slide 8: Commissions & Insurance Title: Commissions & Insurance Content: Insurance commissions, policy receipts, and savings scheme withdrawals. Slide 9: Trusts & Repurchases Title: Trusts & Repurchases Content: Income from trust investments and mutual fund repurchases. Slide 10: Senior Citizens & Property Title: Senior Citizens & Property Content: Senior citizen income and property sales. Slide 11: Vehicle & Securities Sales Title: Vehicle & Securities Sales Content: Proceeds from vehicle and securities sales. Slide 12: Off-Market Transactions Title: Off-Market Transactions Content: Off-market security sales and purchases. Slide 13: Business Transactions Title: Business Transactions Content: Business income, GST turnover, purchases, and expenses. Slide 14: Cash Flow & Payments Title: Cash Flow & Payments Content: Rent, miscellaneous payments, deposits, and withdrawals. Slide 15: Foreign Remittances Title: Foreign Remittances Content: Outward and inward foreign currency transactions. Slide 15: Foreign Remittances Title: Foreign Remittances Content: Outward and inward foreign currency transactions. Slide 16: Non-Resident Payments & Travel Title: Non-Resident Payments & Travel Content: Payments to non-resident sportsmen and travel expenses. Slide 17: Major Purchases Title: Major Purchases Content: Purchases of property, vehicles, time deposits, and securities. Slide 18: Banking & Account Balances,Distributions & Donations Title: Banking & Account Balances,Distributions & Donations Content: Credit/debit card transactions and bank balances.  Income distributions and received donations. Slide 19: Digital Assets & Online Games Title: Digital Assets & Online Games Content: Income from digital assets and online game winnings. Slide 21: Let's Connect. 😀 #TaxPlanning #AIS #FinancialLiteracy#FreelanceLife #Entrepreneur#IncomeTaxIndia

My website is FINALLY under construction. 🎉 I’m so excited! Why am I feeling a little nervous too? After months of it being a ‘don’t want to look at you’ item on my to do list and procrastinating badly for many legitimate and not so legit reasons, I’m finally on the first draft. I do know it’s going to be very basic essentials with no extra fluff or dancing fairies. >I’m hoping it’ll work out OK, it’s my first time having a website. >It’s putting myself out there in a way I never did before. >It’s making my business feel more REAL than ever. >I’m thinking about what others will think of it. >I’m also hoping it gives me the visibility and good quality leads that convert. >>But the underlying core feeling is tentative anticipation that I hope it will serve as my digital shop front and encourage more clients to put their trust and faith into me handling their business finances. Stay tuned! ====== I'm your specialist property accountant. Get your finance stress off your head - we can handle it all for you. From basic record keeping to complex planning and everything in between. #propertyaccountant #propertytax