Simple Interest vs Compound Interest: What You Need to Know
What is Interest Growth? Understanding how interest works is crucial for businesses looking to manage their finances effectively. Whether you’re borrowing money or investing, the type and quantity of interest applied can significantly impact your financial outcomes. But what is interest and interest growth? Interest is the cost of borrowing money or the return on […]
The Difference Between Financial Forecasts and Projections
Financial Forecast vs Projections Planning for the future of your business might sound like a challenge, but it’s essential to understand and track your business’s performance. Every smart business strategy begins with understanding where you are now and where you could be heading. This is where financial forecasts and projections offer a detailed analysis of […]
What is a Cost Model? A Guide for Effective Budgeting
What is a Cost Model? Ever wondered what the price tag on customer satisfaction is? Cost models might sound like something only accountants talk about in their sleep, but they’re important for businesses of all shapes and sizes. Simply put, cost models are tools that help businesses understand the costs involved in producing goods or […]
What Is The Difference Between a Comptroller vs. Controller?
What is the Difference Between A Comptroller and A Controller? The terms comptroller and controller are often used interchangeably to describe the senior financial officer responsible for overseeing a business’s accounting operations and financial reporting. Despite the similarity in titles, there are subtle distinctions between the two roles, particularly in terms of specific duties and […]
Are You Planning for Expenses or Are You Planning for Profit?
The Traditional Approach: Expenses First, Profit Last A consistent income stream might be your end goal as a business owner, as this gives you the ability to pay off expenses like labor costs but most quickly come to understand that profit planning is what truly leads to financial health and success. A profit and loss […]
What Is A Fractional CFO and Their Role In Your Business
The Short Answer: A fractional CFO is a financial professional who provides executive-level financial expertise to your business on a part-time or project basis, providing access to strategic financial leadership without the cost of a full-time hire. As any business grows, managing the financial side becomes more demanding. Tasks like payroll, budgeting, and forecasting take […]
What Are Business Level Strategies
Understanding Business Level Strategies For Your Firm Join us, as we take a deep dive into an essential topic that all businesses must comprehend to succeed and grow: the business level strategy. With years of expertise in the financial and strategy sectors, we’ve seen firsthand how a well-planned and executed business level strategy can create […]
A Different Practice podcast
Check out Brooke’s interview on A Different Practice. https://podcasts.apple.com/us/podcast/22-the-secrets-of-financial-success-with-brooke-lively/id1654806425?i=1000629175021 Hosts Lauren and Jessica talk with Brooke about the essential financial insights that every law firm owner needs, including: 1 The key numbers every law firm owner should know 2 The ideal composition of your financial team, including the one indispensable role that no law firm […]
SharkPreneur podcast
We have another great listen for you! Brooke was a guest on Kevin Harrington’s (from Shark Tank) Sharkprenuer Podcast with his awesome co-host Seth Greene (Podcast Direct Response Marketing Expert)! It was a jam-packed interview, and Seth did a great job in picking Brooke’s brain about her book, From Panic to Profit. Here are a […]
You are buzzworthy podcast
Check out Brooke’s enlightening interview on the “You Are Buzzworthy” podcast with Michael Buzinski. Brooke dives deep into her journey, which began with a mission to assist law firms and evolved into discovering the critical role of cash flow in business. In this episode, you’ll gain valuable insights into: ✨ The importance of understanding and […]
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