Gane Financial

A big thanks to Gregory for our latest review! If you are an open minded family looking for a path to financial freedom, we’re here to mentor you through education and implementation of leading-edge financial strategies. ✨

Together, let’s customize a plan that has redundancies in place, making it impossible for you to fail!

➡️ To get started message us your number and a good time to call.

Choosing the right bank is crucial for implementing the Profit First System effectively. Look for a bank that doesn’t charge minimum balance fees and allows the creation of multiple accounts without extra fees.

Depending on your business, the Manulife business bank account could be perfect for setting up this strategy for you. Need assistance with setting up your Profit First accounts? We’re here to help!

Connect with us today to find out if we are a good fit for your financial dreams.
📞 (705) 733-9595
📅 https://calendly.com/jackboos/open-talk?month=2024-08

Today we’re going to introduce how to allocate your money into 6 key accounts in your business bank account —so you gain a full picture of the state of your business finances.

We do this with 2 types of percentages:

➡️ CAP (Current allocation percentages)
Used to restructure your business and see what you are currently putting into each one of these accounts.

➡️ TAP (Target allocation percentages)
Used to set intentionsgoals for yourselfves to help the business run at full efficiency and profitability, meaning we will set ideal percentages that we will work towards hitting, with the goal of gradually moving your CAPS into your TAPS.

Using this table, review the Real Revenue Range and find the column that best describes your business’s revenue. Then, you can see the columns and the TAPS (these are slightly flexible) to help structure your business account.

This systematic approach ensures all critical areas of your business are covered!

Connect with us today to find out if we are a good fit for your financial dreams.
📞 (705) 733-9595
📅 https://calendly.com/jackboos/open-talk?month=2024-08

By allowing yourself to notice the changes in your bank accounts more consciously, you can strategically plan for bigger and better outcomes. This can be achieved with The Profit First System. 🔎💲

As we covered last week, we create 6 key accounts in your business bank account to implement this system: Revenue, Operating Expenses (OPEX), Profit, Tax, Owner’s Compensation and Giving.

All proceeds from sales go into your Revenue account and are then distributed into the other accounts at the end of each month based on your allocated percentages.

Each account has its own purpose:
➡️ Revenue - used for proceeds of all sales, each month you will be able to see your total Revenue you received
➡️ Operating Expenses - used to pay salaries and all business expenses
➡️ Profit - used to pay bonus’ and investments back into your business
➡️ Tax - used to pay all personal and corporate taxes
➡️ Owners Compensation - used to pay shareholds
➡️ Giving - used to help contribute to your community

This Wednesday, we will cover the 2 types of percentages used to segment funds into these accounts. Ready to take control of your finances?

Connect with us to find out if we are a good fit for your financial dreams!
📞 (705) 733-9595
📅 https://calendly.com/jackboos/open-talk?month=2024-08

Do you know the health of your business day to day, month to month? If the answer is no, you will benefit greatly by implementing The Profit First System which will tell you the health of your business in 10 seconds. To put The Profit First System into action, we are going to set up five different business bank accounts:

🔹 Revenue
🔹 Operating Expenses
🔹 Profit
🔹 Tax
🔹 Owners Compensation
🔹 Giving

How does it work? All proceeds from sales you receive will go into your Revenue account and at the end of every month you will zero out this account by divvying up the money in that account based on percentages we set for each of the other accounts. By segmenting your money into these key accounts, you can manage your cash flow more effectively.

➡️ Next week we will show you what percentages we allocate to each of these accounts, so you are never in the dark when it comes to the state of your finances. Follow .financial to stay tuned! 📊🏦

Traditionally, profit is defined as Sales – Expenses = Profit. But is the traditional approach really the most beneficial for you and your business? We would argue no. With The Profit First System, we shift to: Sales – Profit = Expenses

This method ensures you're prioritizing profit and creating a healthy financial foundation for your business. By allocating profit, taxes, and your pay first, you can re-invest in your company without endangering you or your business.

➡️ Curious about how to implement The Profit First System? Stay tuned! 💼💡

Traditionally, profit is defined as Sales – Expenses = Profit. But is the traditional approach really the most beneficial for you and your business? We would argue no. With The Profit First System, we shift to: Sales – Profit = Expenses

This method ensures you're prioritizing profit and creating a healthy financial foundation for your business. By allocating profit, taxes, and your pay first, you can re-invest in your company without endangering you or your business.

➡️ Curious about how to implement The Profit First System? Stay tuned! 💼💡

Many small business owners struggle to understand their cash flow (the total amount of money being transferred into and out of a business). Sometimes they aren’t sure if they’ve actually made any money until they file their taxes at the end of the year! By the time people realize they’re operating at a loss, it's too late to try and fix the problem.

How do we nip this issue in the bud? The Profit First System! This method shifts your mindset to prioritize PROFIT FIRST ensuring long-term, sustainable success for your business. With this system in action, you’ll know where your money stands all year round.

➡️ Ready to enhance your business’ financial strategies? Stay tuned to learn more about The Profit First System!

Are you striving for success or seeking happiness? The beauty is, you don't have to choose one over the other! By setting intentions instead of goals, allows you to consistently move forward and make progress without judging yourself that something didn’t happen the exact way you drew it up.

Remember, an unhappy journey never leads to a happy ending. When you set intentions where you want to go and ALLOW things to unfold as they do, you will be able to always be happy no matter what happens. You either win or you learn. Embrace the abundance mindset and start appreciating the present while you work towards your future.

At Gane Financial, we believe in helping you achieve financial success that aligns with your personal happiness. Let us guide you on your journey to a fulfilling life!

Connect with us to find out if we are a good fit for your financial dreams!
📞 (705) 733-9595
📅 https://calendly.com/jackboos/open-talk?month=2024-08

Different isn’t always Better but Better is always Different. Regardless of how many times you might have tried before, you CAN get far better results in your life. Transforming even a small part of your old paradigm can lead to an enormous difference in the results you enjoy in every area of your life. But, make no mistake. You cannot change your life permanently until you change your paradigm. 🚀

Lasting change often requires professional help. At Gane Financial, we teach you the Rules for Prosperity which will help you understand your own limiting paradigms that are holding you back from having and living the life you want to live.

We work as a Financial Coach to help you make smarter and clearer financial decisions allowing you to think bigger! It’s what we do best! Contact us today to “Navigate Your Dreams to Reality”!

Changing your paradigm isn't easy and can’t be done with self-will alone. In fact, there are only two ways to do change your mindset for the better 💡

1. An emotional impact. Your paradigm change is made when something hits you so hard that your life will never be the same. It’s usually of a negative nature, but it can also be something that is positive.

2. The same manner it was formed—through repetition of ideas. Your paradigm change is made by exposing yourself to a new idea over and over again with the goal of replacing an old belief(s) that is in your subconscious mind.

Get started by consciously choosing a new belief that is aligned with the results you want, and by defining the habits that will lead you to those results. Then imprint that idea—by focusing on it, visualizing it and repeating it with feeling—on your subconscious mind repetitively.

Keep in mind, you must also consciously and deliberately replace “bad” habits with good habits. Otherwise, you might form another bad habit to take the old habit’s place.

By consciously choosing new beliefs and repeatedly impressing them on your subconscious, you can transform old habits with new, positive ones!

The best way to identify your paradigm is to look at your current results. I encourage you to take a few moments to picture your life and consider the following questions 🔍

➡️ Do you live your days doing what you want to? What do you want?
➡️ Do you wake up excited to begin a new day? Why not?
➡️ Do you want more out of life?
➡️ Do you require more money to fund your desires?

Your answers will help you pinpoint the beliefs controlling your life. The good news is if you’re not happy with your results, and you’d like to do better, you can do something about it.

✨ Come back on Monday to learn how to change your paradigm!

Our paradigms are shaped by genetic and environmental conditioning. Although everyone has a paradigm, most of us don’t create it ourselves. 🌱

You see, when you were a child, whatever happened around you went right into your subconscious mind —because you had no ability to reject anything. Ideas that you were exposed to over and over again were like seeds being planted in fertile soil. They took root and became part of the paradigm that controls every aspect of your life.

As a matter of fact, you are influenced by your parents’ and ancestors’ DNA, as well as many of their beliefs—going back for generations!

From our parents’ beliefs to the ideas we absorbed as children, our genetic and environmental conditionings control our behavior and results. Now here’s the kicker…

We’re not taught about paradigms in school. So here we are, 20, 30, 40, 60 years later living the same way we were programmed as little kids.

Understanding this foundation is the first step towards positive change!

Virtually all of your behavior is habitual. When you get up in the morning and go to bed at night, you follow a routine. The way you eat, exercise, work, relax, and the time you wake up and go to sleep are all habits you have formed.

With this in mind, let’s look at some other aspects of your life that your paradigm has enormous influence over.

YOUR PARADIGM CONTROLS YOUR
➡️ Perception
➡️ Use of time
➡️ Creativity
➡️ Effectiveness
➡️ Productivity
➡️ Logic
➡️ Ability to earn money

The paradigm puts a box around each and every one of those areas, and no matter how hard you try, you can’t knock down the walls until you change the mental program!

Imagine the impact of reprogramming your mind to adopt positive habits that align with your goals. Are you ready to take control and create the life you desire?

🔍 Did you know that over 90% of people get the same results year after year, despite their best efforts? This happens because of our paradigms. It reminds me of the quote ‘Change your thinking, change your life’. A paradigm or a belief is just a thought you think a million times, it is like a mental program that controls our habitual behavior, affecting everything from our perception to our ability to earn money.

A paradigm doesn’t change by itself. You have to change it.

But where do you start? Stay tuned as we dive into the ways you can identify and change your paradigm to make a significant positive impact on your life! 🌟
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We're thrilled to hear about the positive impact our financial coaching has on our clients! Helping you achieve financial success is our top priority, and we're here to guide you every step of the way!

Thank you, Adam S. for trusting Gane Financial with your financial journey. 🚀💼

At Gane Financial, we sponsor Gilda's Club, as they have been a beacon of hope since 2001 for those dealing with cancer. Patients, their families and friends all benefit from the emotional support and practical resources they provide.

We believe in the importance of helping patients feel empowered as they gain a sense of control, and experience less of the isolation and stress that can come with a cancer diagnosis.
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Ask us how we use the ‘Profit First System’ in our business to give a portion of all our revenue to great causes!💙
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There are always steps you can take to sharpen your skills as a small business owner. When it comes to tackling the things holding you back, the 7 points we covered over the last 2 weeks are a great place to start. Improvement in any of these areas will initiate an increase in your success.

Missed our dive into the 7 Things That Are Holding Your Small Business Back? Check out our latest posts to learn how you can:

✅ Make decisions inspired by your own vision and values
⚙️ Achieve higher-quality outputs and more efficient processes
👥 Foster a sense of community amongst your team
🧠 Improve your decision-making
🌐 Open doors to new opportunities and markets
✨ Make informed decisions based on authentic experiences
🔭 Develop a clearer vision for the future of your business

Upgrade your financial advice with Gane Financial!

Okay, I’ll admit, this one gets under my skin the most. Way too often I see entrepreneurs taking advice from people who’ve never owned their own business. You wouldn’t take financial advice from a homeless person so why take business advice from someone who’s never owned their own business? It doesn’t make sense.

Surrounding yourself with mentors who truly understand your journey can offer relevant insights and strategies, boosting your business's and your personal growth. It allows you to focus on opportunities rather than doubts. Ultimately, when you stop taking advice from those who haven't walked the path you’re on, your business can thrive as you make informed decisions based on authentic experiences.

➡️ Interested in this approach to finance? Follow us to upgrade your financial advice!

You’re an entrepreneur, not a superhero! You’ll need to continue to educate yourself, build relationships that can help you, and use the right tools in your business.

Embracing collaboration can transform your business. By leveraging diverse skills and perspectives, you can enhance creativity and problem-solving. Delegating tasks frees you to focus on strategic growth, fostering innovation. Building a strong team boosts productivity, as each member contributes their unique strengths. It also cultivates a supportive work environment, increasing morale and reducing burnout.

Collaborations and partnerships can expand your network, opening doors to new opportunities and markets. Sharing the load enhances efficiency, resilience, and success, driving your business to new heights. After all, no one has ever reached great heights of success and said: “I did it all by myself”!

➡️Interested in learning more? Follow us to upgrade your financial advice!

As an entrepreneur, your ideas are likely what excites and motivates you. That initial spark of an idea is what placed you on the entrepreneurial path to begin with. But ideas are rarely a home run on the first swing. Be prepared for your ideas to change and adapt. Don’t resist it.

Letting go of an attachment to your own ideas opens the door to greater innovation and collaboration. By embracing diverse professional perspectives, you foster a culture where creativity thrives, leading to more innovative solutions and strategies. This flexibility can improve your decision-making, as you’re more open to evaluating ideas based on their merit rather than their origin. Ultimately, this approach can enhance your business's adaptability, drive growth, and ensure long-term success.

There’s a great book titled “Getting To Plan B” that is full of examples of companies that adapted from their original idea. Did you know Google refused to take advertising dollars in the beginning because advertising was “evil”? Plan B has worked out for them. If you’re interested in this book, you can check it out here: https://amzn.to/3L2jgKd

I’ve never met an entrepreneur who would say they aren’t busy. We’re all busy. But time and the lack of it isn’t your issue. You have the same amount of time in a year, month, and day as everyone else. Your issue is priorities. Your time management problem is actually a priority management problem!

When you stop blaming your lack of time for your lack of results, you shift your mindset from being a victim of circumstances to taking full ownership of your outcomes. This can empower you to develop a clearer vision, set realistic goals and break them into manageable steps. As a result, your business can become more efficient, resilient, and poised for growth.

➡️ Interested in this approach to finance? Let’s chat! Schedule a 15-minute chat with us to find out if we can add value to your life and to see if we are a good fit for your financial dreams. https://calendly.com/jackboos/open-talk?month=2024-04

Delegating tasks, sure. But delegating responsibility? This trips up even the best of leaders. You hire someone or build a team to assist you with specific tasks. Great! But that doesn’t mean you’re done. The end-result is still on you.

When you fully commit to your leadership role, you foster a work culture of accountability and high performance. This approach can lead to higher-quality outputs and more efficient processes. By taking responsibility for the end result, you can boost morale and encourage a shared sense of purpose, leading to sustained business growth and success. In the end, your actions set a powerful example.

➡️ Interested in this approach to finance? 🔎 Schedule a 15-minute chat with us to find out if we can add value to your life and to see if we are a good fit for your financial dreams. https://calendly.com/jackboos/open-talk?month=2024-04

It’s easy to roll items on your to-do list over to the next day. Heck, there are apps designed to do this with a single swipe of your finger. The problem, of course, is that tomorrow comes with its own set of to-do’s. Achievers have a sense of urgency with their work. The most successful entrepreneurs move fast.⚡

Embracing action today instead of tomorrow can transform your business. Taking immediate action enhances productivity, minimizes the stress of looming tasks, and helps maintain a clear, focused mind. Prompt decisions and actions boost your credibility and reliability and can encourage a culture of accountability and urgency within your team, driving overall performance.

As you consistently accomplish tasks, you build momentum and confidence, setting the stage for continual growth and success. Action today fuels progress and innovation for tomorrow!

➡️ Interested in this approach to finance? Follow Gane Financial to upgrade your financial advice!

As I work more and more with entrepreneurs, I have started to notice patterns. Specifically, 7 all too common things that are holding entrepreneurs back. Entrepreneurs like you. Ask yourself which of these you need to stop doing right away:

😶‍🌫️ Caring what others think
🦥 Putting things off until tomorrow
🗣️ Delegating responsibility
💸 Blaming lack of time on lack of results
🫅 Being overly attracted to your own ideas
🪫 Thinking you can do it alone
🌪️ Taking advice from those who haven’t walked the path you’re on

Stay tuned as we dive into 7 things that are holding you back, and how you can reframe your mentality to achieve maximum success! Follow Gane Financial for more.

Did you know that 8% of Canadians resort to bank loans just to make ends meet?

As part of our mission to educate Canadian families about the financial world, we actively sponsor Prosper Canada, a national charity that promotes policies and resources that help Canadians achieve financial empowerment.

Financial literacy is essential, which is why we hold this charity close to our heart.

Do you have an organization/initiative that is important to you? Let us know in the comments! 💙

Statistics: Prosper Canada, 2024.

What moves are you making to hold yourself financially accountable? We recommend getting an accountability partner! 🛡️

Having an accountability partner for your financial economy improves your chances of hitting goals like retiring by a certain age, purchasing a home, starting a business, saving for college, and many more.

At Gane Financial, we can act as your accountability partner to help you make consistent progress towards your financial future.

➡️ Interested in learning more? Get in touch with us to see if we are a good fit for your financial dreams. https://calendly.com/jackboos/open-talk?month=2024-07

Scotiabank's 2024 Worry Poll reveals that overall, Canadians are prioritizing their day-to-day finances, and are optimistic for better days ahead!

🍁Paying for day-to-day expenses remains top financial priority for Canadians.

🍁Younger Canadians lead the way when it comes to seeking out financial advice.

🍁Nearly a quarter of Canadians (23%) expect their personal finance situation to be stronger in the next six months.

Happy Canada Day from our team at Gane Financial!

Ever heard of the saying ‘practice makes perfect’? My coach taught me this is incorrect. It should be, ‘perfect practice makes progress’! No one is perfect but if you make informed, smart decisions consistently and continuously you will make progress.

— Adam Gane, Financial Coach

➡️ Follow Gane Financial for more on this approach to finance!