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.
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
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.
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
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?
![14 Biggest Tax Write Offs for Small Businesses! [What the Top 1% Write-Off]](http://i.ytimg.com/vi/5YggWhLeckM/mqdefault.jpg)
![How to Write a Business Plan [Powerful Step by Step Approach]](http://i.ytimg.com/vi/0h-HTUSZyKo/mqdefault.jpg)
If you enjoyed this video, check out the 2022 version here: ua-cam.com/video/e32WwNVQn08/v-deo.html
I am here in 2023 and this video is truly helping. Thank you!
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.
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.
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.
Fellow CPA here! Love the channel and video!
Awesome! Thank you!
I watched the introduction and i subscribed. Your enthusiasm is great! Continue your great Work!
That means a lot, thank you
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!
Thank you I also am a kid and needed help for my business.
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
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!
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
Super solid video! Just what I needed.
LOVE This video Sherman!!!
Really appreciate the simple steps you gave to create a budget.
Thanks!
Thanks man. This is really helpful.
This was great! Extremely detailed 🎉❤
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?
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.
omg thats a lot of info, im gonna have to watch this again lol. great video guys thank you (:
Hope it blesses you!!
Great tips ! Thank you!
Great information. Very clear and understandable.
Thanks! Do you run a small business?
Yes, I have an ATM business.
Thanks Sherman. Great information!
Glad you enjoyed it!
@@LYFEAccounting Thank you.
Great informational, step by step video! I'm gonna work on my budget today!
You ignore accounting until things get bad 😹😂😹. So true
I loved it so much that I have now subscribed to your channel. Thank you
Thanks for subbing!
Thank you for this content! 😊👏🏻
Yes pay yourself! Great advice
dude, you save my life 💖
Wow thats so great to hear
Thanks for the vid sir!
Wow this was SO HELPFUL!! Definitely subscribing. Thank you!!
Ohhhh it only gets better from here! Thanks for watching and subscribing. - Sherman
Like the information provided in the video
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 :)
Skip to 3:30
Thank you for the information.
Any time!
Mannnm thank you 🙏🏿 ❤😊😊
A very good video
Well you are an absolute treasure! 🙌🏾
Thank you
thank you!
Thank you.
You're welcome! Do you currently run a small business?
Great info! The sounds were a little too loud, though (chirps, rings. Etc). Thanks for offering this info!
Noted!
wow! are there any templates available online for this kind of budget tracking and management
Thank you so much.are these allocations coming from Profit or gross sales
Which ones?
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
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?
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!
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
How do we contact your company
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.
😂😂
The how starts in minute 7. Just saying :)
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