Show Summary:As a consulting firm owner, there are certain tax deductions you want to take advantage of to reduce your taxable income. Your goal is to max out your tax deductions. In this episode, I will provide specific money management strategies that will enable you to reduce your taxable income, thereby reducing your tax liabilities legally. Show ResourcesHow To Legally & Ethically Beat The IRS Tax GameWant More Of OctaviaSchedule Discovery SessionLinkedin, YouTube, Instagram

Say Yes To Profits Podcast

Tax Tip Secrets For Consultants

Show Summary:Cash Flow vs Profit. Which one is most important for a consulting firm?If you have one without the other will you survive, thrive or is it lights out.Cash flow and profit both are vital financial metrics that can determine the fate of your consulting firm. It is essential to understand the difference between them in order to make valuable decisions regarding the firm’s performance and financial health.Well in this episode, I am going to break this down.  Show ResourcesThe Keys To Building A Profitable Consulting FirmDetailed ArticleWant More Of OctaviaSchedule Discovery SessionLinkedin, YouTube, Instagram

Cash Flow Vs. Profit: Which One Is Most Important For A Consulting Firm?

Show Summary:Are you looking to scale your consulting firm by increasing revenue, cash flow, and profits? Are you aware that eight out of ten consulting firms with dedicated bookkeepers and accountants fail to scale rapidly due to financial mismanagement?  This is where a Virtual CFO can become your saving grace. In this episode, I am going to provide you with five ways a CFO can rapidly grow your consulting firm.  Show ResourcesThe Keys To Building A Profitable Consulting FirmDetailed ArticleWant More Of OctaviaSchedule Discovery SessionLinkedin, YouTube, Instagram

5 Ways A Virtual CFO Can Rapidly Grow A Consulting Firm

Show Summary:Congress approved an additional $285 billion for Paycheck Protection Program (PPP) loans for small businesses.Should you apply? Did you receive the first round, and you're wondering if you should apply again? And, what are the changes?I'm going to answer your questions and more. Stay tune:  Show ResourcesThe Keys To Building A Profitable Consulting FirmVideo Detailed ArticleWant More Of OctaviaSchedule Discovery SessionLinkedin, YouTube, Instagram

Paycheck Protection Program Loan Update - January 2021

Show SummaryPricing your consulting services is one of the most challenging task a consultant's face.Would you agree? Yesss!Do you price by the hour, package, based on value – WHAT!This episode will break down the pricing position, formula, and structure for consulting firms.As a CFO, I am often asked how consulting firms price their services so that they cover their cost and generate a profit. When a client begins working with us as their CFO, we first examine and improve their pricing structure.Why is pricing so important? It is one of the top methods to ensure that you say yes to profits in business.The truth is, if your services are not priced for profit, you will FOREVER experience cash flow challenges.So let's get into it how to price your consulting services like a genius.Show ResourcesThe Keys To Building A Profitable Consulting FirmVideo Detailed ArticleWant More Of OctaviaSchedule Discovery SessionLinkedin, YouTube, Instagram

How To Price Consulting Services Like A Genius

Show SummaryThere are five costly tax mistakes consultants make that cause them to pay more money in taxes than they should each year.As a matter of fact, around this time each year, many consultants begin to stress, struggle and scramble to get their books for the upcoming tax season.This stressful state, combined with trying to close the year strong, can be very overwhelming! Several tax mistakes occur when consultants are operating under stress, and their books are a mess.During this episode, I will provide you with five costly tax mistakes draining money from consultants. Stay Tune.Show ResourcesTax Ready Bookkeeping Clean-Up SpecialVideo Detailed ArticleWant More Of OctaviaSchedule Discovery SessionLinkedin, YouTube, Instagram

5 Costly Tax Mistakes Draining Money From Consultants

Show SummaryAre you aware of the critical factors that drive profitability in your firm?Many consultants don't realize the importance of having a profit strategy. When you implement a detailed profit strategy for your firm, you will never have money worries again.In this episode, I will identify why a profit strategy is essential, and the most critical profit driver you should track and improve consistently.Show ResourcesMore Money, More Profit ChecklistVideo Detailed ArticleWant More Of OctaviaSchedule Discovery SessionJoin the Say Yes To Profits Group on FacebookLinkedin, YouTube, Instagram

The #1 Profit Driver Consultants Should NEVER Neglect

Show SummaryThere's nothing more exciting than watching your business flourish. Right? However, when your annual revenue crosses the seven-figure mark, cash flow management or paying taxes can be stressful. This is where a virtual CFO can help and, in this episode, I am going to show you how.Show Preview Script What is a Virtual CFO (Chief Financial Officer)?A Virtual CFO (also termed as an Outsourced CFO, Part-Time CFO, or VCFO Accountant) is an advanced accounting professional working remotely to assist you with your business's various financial needs. They provide support in growing your business at an exponential rate.  Hiring a virtual CFO will allow you to have in-depth financial insight, oversight, and foresight that will enable you to experience financial peace of mind. Your journey to growing your business at an accelerated rate while increasing cash flow and profitability starts with hiring a Virtual CFO.Show ResourcesMore Money, More Profit ChecklistVideo Detailed ArticleWant More Of OctaviaSchedule Discovery SessionJoin the Say Yes To Profits Group on FacebookLinkedin, YouTube, Instagram 

What Is A Virtual CFO? And How Can They Improve Cash Flow?

Show SummaryYour state of mind determines your level of success. If you desire to build a million-dollar consulting firm, your mindset must arrive there first, then your bank balance will follow.During this episode, I am going to outline How to Shift To A Million Dollar Consultant MindsetShow Preview Script Welcome Everyone to Season 2 of the Say Yes To Profits podcast. We are back and better than ever! I am super excited about our new season and the content to come.I am Octavia Conner, the Million-Dollar CFO, and CEO of Say Yes To Profits, for those unfamiliar with me.I felt that the best way to kick off season two is to focus on your money mindset. Your mindset is the foundation for achieving anything you want in life and business.The truth is if you can NOT see it, feel it and believe it FIRST – the reality of having it (whatever your it may be) will be hard to manifest.You must understand that your money mindset is an overriding attitude that you have about your finances. Your money mindset drives how you make critical financial decisions every day in business. Your money mindset has a significant impact on your ability not only to earn more money BUT keep more money in your business.Here are a few ways to determine if you have a money mindset problem... Want More Of OctaviaSchedule Discovery SessionJoin the Say Yes To Profits Group on FacebookLinkedin, YouTube, Instagram  

How To Shift To A Million Dollar Money Mindset Consultant

Show SummaryKey Performance Indicators help small businesses measure how successful the company is at achieving its objectives. In this episode, I will provide the four questions you must ask yourself when determining your business's KPI and how best to track them.Check Yourself MomentWhat are the top three numbers you need to track to accelerate your business growth?  Download Your GiftCash Flow Acceleration Checklist Want More Of OctaviaSchedule Discovery SessionJoin the Say Yes To Profits Group on FacebookLinkedin, YouTube, Facebook, Instagram

How To Use Key Performance Indicators (KPIs) To Grow Your Small Business

Show SummaryIt can be difficult to operate a business during challenging times. Would you agree? Challenging times could be a slow season, an economic crisis, or an industry crash such as what happened in the real estate market. And, while challenging times can place a lot of pressure on the company’s cash flow and sustainability, it is not impossible to succeed during these periods of business. Let me say that again – It may be challenging, BUT it is NOT impossible to succeed. With a few strategic adjustments, you can find yourself thriving when you thought all hope was lost.In this episode, I am going to show you how to shift the financial position of your company from barely surviving to financially thriving. Stay tuned.Check Yourself MomentWhat are the top two expenses or cash outflows that you know you should eliminate right now? Download Your GiftCash Flow Acceleration Checklist Want More Of OctaviaSchedule Discovery SessionJoin the Say Yes To Profits Group on FacebookLinkedin, YouTube, Facebook, Instagram

How To Operate A Successful Business During Challenging Times

Show SummaryDo you feel as if you're working hard to build your business, but you can't tell when you log into your bank account? Basically, your bank balance doesn't match your hustle no matter how hard you work. That is because you have little to no control of your cash flow, and the truth is, you must STOP working hard for the next dollar and MAKE YOUR MONEY WORK FOR YOU!! In this episode, I am going to provide you with four strategies to gain cash flow control immediately Check Yourself MomentWhat are the top two expenses or cash outflows that you know you should eliminate right now?  Download Your GiftCash Flow Acceleration Checklist Want More Of OctaviaSchedule Discovery SessionJoin the Say Yes To Profits Group on FacebookLinkedin, YouTube, Facebook, Instagram

How To Gain Cash Flow Control In Business

Show SummaryThere is something you should know about me. I like money! Yes, yes, yes!  Therefore, creating this episode/article makes me happy!! Now because I like money, I had to teach myself how to properly handle money so that I have more of it in my life and business. And today, I'm going to provide you the seven strategies I have implemented over the years for myself and my clients. Consistently applying these strategies has enabled my company to save 25% of its total monthly revenue. Therefore, Say Yes To Profits effortlessly operate on 75% of the company's overall earnings. Also, I have been able to regularly contribute to my retirement plan and invest in the business growth consistently. Last, these smart money habits have positioned my firm to remain cash flow positive and profitable even during an economic crisis. Sounds good, right? Yes? Well, listen to this episode as I deep dive into those strategies so that you can achieve the same or higher results:Check Yourself MomentWhat smart habits have you implemented in your business? Leave them in the comments below. Download Your GiftCash Flow Acceleration Checklist Want More Of OctaviaSchedule Discovery SessionJoin the Say Yes To Profits Group on FacebookLinkedin, YouTube, Facebook, Instagram

Smart Money Habits for Business Owners

Show SummaryDuring this economic crisis, the decisions you make now can make or break your business. As the CEO, you must think about not only the short-term impact but the long-term desired financial position of the company when making decisions.The truth is – the steps you take now will determine if your company will survive now and thrive later.In this episode, I will provide you will particle strategies you should implement starting today:Check Yourself MomentWhat can you do right now to sustain your business success? Leave your answer in the comments. Download Your GiftCash Flow Acceleration Checklist Want More Of OctaviaSchedule Discovery SessionJoin the Profitable CEO Group on FacebookLinkedin, YouTube, Facebook,

How To Sustain Success In Business During The Coronavirus (COVID-19)

Show SummaryFinancial management is one of the most important responsibilities of business owners.The condition of the company's financials will impact the decisions business owners make regarding profit, cash flow, and the overall success of the company. As a business grows and matures, it will need more cash to finance its growth. Think of financial management as the process of using the numbers to make the business successful. In this episode, I will breakdown the financial management cycle and how building a reliable system will accelerate cash flow and profit. Check Yourself MomentEvery decision a business owner makes will have a financial impact on the company. Do you have all of the components of a reliable financial management system?  Download Your GiftCash Flow Acceleration Checklist Want More Of OctaviaSchedule Discovery SessionPodcast Hashtag: #SayYesToProfitsPodcastLinkedin, Instagram, YouTube, Facebook, Twitter

Why Financial Management Is Important

The Say Yes To Profits Podcast will help entrepreneurs and small businesses earn their first or next million-dollars sooner than they think.

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Say Yes To Profits Podcast

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