Kurtis Hanni (@kurtishanni) 's Twitter Profile
Kurtis Hanni

@kurtishanni

Christian, Husband, Father, Golfer || Fractional CFO to SMBs || I write about SMB finances to 40k business owners & leaders weekly: smbfinanceos.com/x

ID: 21177803

linkhttps://bisoncfo.com calendar_today18-02-2009 07:48:31

47,47K Tweet

176,176K Followers

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Most businesses operate as if all revenue is equal. A dollar revenue with ABC Co the same with XYZ Co. Let this be your PSA: all revenue is not the same.

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You see $250,000 in your bank account. Feels great. But is it? Whether that number is $10k, $250k, $250M, we know nothing from the “number.” Here is the hard truth: Most business owners have no idea how to actually translate what their number means. How much is already spoken

You see $250,000 in your bank account.

Feels great. But is it?

Whether that number is $10k, $250k, $250M, we know nothing from the “number.”

Here is the hard truth: Most business owners have no idea how to actually translate what their number means.

How much is already spoken
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A recent lead had $514,000 in unsold inventory and $504,000 in pending payments (AR). Cash in the bank? $50,000. This is what real risk looks like in a fast-growth business. He scaled too fast for his financial infrastructure to keep up. Growth exposes what clean books alone

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Tightening cash flows and lots of debt had the client nervous. So we dug in: - We looked at different revenue lines and adjusted out-of-wack pricing. - We examined cost and cut the low hanging fruit expenses. - We tracked down old Accounts Receivables and finally got paid. -

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Since Warren Buffett retired, does that mean we’re spared from the constant threads rehashing how he’s the best because he did something for 80 years straight?

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I am not going to do 100 miles. But Zach doing this… he’ll talk about it for the rest of his life. I trained fully for 2 marathons and didn’t get to run either because of non-running injuries (one car accident week before, other got a parasite from a Tough Mudder 3 weeks

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Saying “no” as a business owner is hard. Saying “no” without a reason? Even harder. Here is a better way: “This year’s strategic cash is already allocated. We can revisit this in next year’s planning.” Now you are not rejecting people. You are following the plan. That is

Saying “no” as a business owner is hard.

Saying “no” without a reason? Even harder.

Here is a better way:

“This year’s strategic cash is already allocated. We can revisit this in next year’s planning.”

Now you are not rejecting people.

You are following the plan.

That is
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For the first time, we’re likely gonna have to limit client onboardings. Most likely won’t onboard another client until June or July. Simultaneously great feeling and horrible feeling.

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The worst time to make a financial decision? When you’re forced to. When cash reserves hit rock bottom. When sales decline overnight. When panic sets in. By then, you are reacting, not deciding. Great businesses don’t wait until a crisis to make a plan. I like to think in

The worst time to make a financial decision? When you’re forced to.

When cash reserves hit rock bottom.
When sales decline overnight.
When panic sets in.

By then, you are reacting, not deciding.
Great businesses don’t wait until a crisis to make a plan.

I like to think in
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I keep getting asked if we're going into a recession. The answer: I don't know and it likely doesn't matter. But, it's never a bad time to get serious about tightening the belt. So, with the uncertainty out there, consider: 1. Audit your overhead expenses; see what's necessary

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During uncertain times, businesses price in uncertainty. So while you may think profit margins go down because of tariffs, it’s possible they go up as you “price” for the uncertainty around them. When uncertainty is low is when profit margins can be the lowest.

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Most owners don’t need “better books.” They need a better mirror. Your bookkeeper might be solid. Clean reconciliations. No glaring errors. But here’s the truth: that’s table stakes. What owners really need is someone to help them see their business clearly. → What’s really

Most owners don’t need “better books.” They need a better mirror.

Your bookkeeper might be solid. Clean reconciliations. No glaring errors.

But here’s the truth: that’s table stakes.

What owners really need is someone to help them see their business clearly.

→ What’s really
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I keep coming across business owners who switch CPAs and were told the last one did their taxes wrong. And not small errors… What gives? Is this a CPA problem? IRS problem? Business owner problem? What do you think? Seems like too many to be normal.

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Men won’t say a word about their personal life to their best friend but will break down the intricacies of a 7-game series while mid-pee to a total stranger.

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“Wait… we are short on cash?” Those 6 words crush momentum. Sales are up. Team’s buzzing. Customers are happy. But payroll hits Friday and the account is lighter than expected. Cue stress. Cue credit card balances. Cue the awkward vendor call. You do not need a finance degree

“Wait… we are short on cash?”

Those 6 words crush momentum.
Sales are up. Team’s buzzing. Customers are happy.
But payroll hits Friday and the account is lighter than expected.

Cue stress. Cue credit card balances. Cue the awkward vendor call.

You do not need a finance degree
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Want clarity on your cash? Start here: 1. Pull your last 12 months of transactions 2. Label each transaction as: → Operating → Strategic → Reserve 3. Use a spreadsheet to subtotal each group You will start to see the real picture of where your money goes. Cash is not just

Want clarity on your cash?
Start here:

1. Pull your last 12 months of transactions

2. Label each transaction as:
→ Operating
→ Strategic
→ Reserve

3. Use a spreadsheet to subtotal each group

You will start to see the real picture of where your money goes.

Cash is not just