TLH Financial, LLC

Dare to dream BIG!

Keep Your Finances on Point with Regular Bookkeeping Updates! 💼📆

“How often should I update my books?” 🤔📊 It’s a crucial question for small business owners, and here’s the answer:

✨ Regular Updates: Ensure accurate financial records by updating your books consistently.

✨ Monthly Reconciliation: Aim to reconcile your accounts at least monthly for effective tracking of revenue, expenses, and cash flow.

By staying on top of your bookkeeping, you’ll gain better financial insights and make informed decisions for your business’s success! 🚀💡

Let's talk about my go-to tool for bookkeeping—QuickBooks Online. 🌟
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It's not just a cliche; QBO is a game-changer! Imagine effortlessly managing your income, expenses, and gaining insights into your financial health—all from one user-friendly platform. Plus, its seamless integration and accessibility mean you can stay on top of your finances anywhere, anytime.

As someone dedicated to helping others succeed financially, I swear by QuickBooks Online. It's transformed how I handle finances, saving time and enabling smarter decisions. Ready to simplify your accounting?

DM me “BOOKKEEPING” and let's get started! 💼💰
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You have to be willing to go to war with yourself and create a whole new identity — David Goggins

Attention Brokerage Owners and Business Owners,

There are 3 risks companies fall victim to if they’re not careful BUT can be avoided with the proper guidance. As a small business owner, it’s important to constantly strive for financial success and stability. However, it can be easy for things to slip through the cracks without proper support.

How do I know? Well I have worked with hundreds of businesses and brokerages… and because of that, I can help you sidestep the three most common financial pitfalls I see in small businesses.

1.) Financial Risk: As your company scales, you may take on additional debt, invest in new projects, or expand into new markets. This leaves the potential to expose your company to financial risks, like not being able to meet financial obligations or experiencing a decline in revenue.

2.) Operational Risk: As your company scales, it may also face operational risks like supply chain disruptions, changes in regulatory requirements, or technological failures. These risks can impact your company's ability to deliver services to customers and may result in financial losses. Or again, a decline in revenue.

3.) Market Risk: Scaling companies may also face market risks like changes in customer demand, competition, or economic conditions. These risks can impact the company's revenue and profitability. IE-less revenue and less profitability.

Financial professionals can play a key role in helping scaling companies identify and alleviate these risks. We regularly review and analyze financial data, we can help identify potential risks and provide guidance on how to mitigate them. We can also help companies develop financial plans that take potential risks into account, and provide advice on risk management strategies.

Creating internal systems to help identify and address potential risks in a timely manner is so important. The role of a financial professional in helping scaling companies identify and avoid potential risks is vital for the long-term success and business stability.

TLH can make it possible for your company to position itself for success and minimize the impact of unexpected challenges.

Are you struggling to differentiate between fixed and variable expenses?

Knowing how to classify your expenses the RIGHT way helps you make smart money moves in your business. It’ll give you a clear understanding of where your money is going and how it’s being allocated so that you can set realistic budgets and goals.

By tracking expenses and adhering to a budget, you're better positioned to achieve long-term financial success in your business.

Let me simplify expense tracking for you so that you can stay on track with expenses and save money:

➡️ Fixed expenses are consistent, recurring costs like rent or insurance premiums, while variable expenses fluctuate, such as groceries or entertainment. By categorizing your expenses, you gain clarity on where your money is going and can allocate funds more effectively.

➡️ Creating a budget allows you to set limits on both fixed and variable expenses. Allocate a portion of your income to essentials like bills and payroll, and allocate spending for variable expenses. Stick to your budget to avoid overspending!

➡️ Utilize tools like budgeting apps or our Personal Finance Spreadsheet to monitor your expenses regularly. Tracking your spending helps identify patterns, areas of overspending, and opportunities for savings. Stay disciplined and review your expenses periodically to make adjustments and optimize your financial health.

It’s not as hard as you think to gain control over your finances, save money, and increase your profits.

If you currently don't have a team to support you in this please feel free to reach out to us so we can see how we might be able to help.

Comment “BUDGET” if you think we can help you create a budget for your business to follow!

As a business owner, mastering effective cost management is key to boosting profitability. Let's dive into three actionable steps to slash costs in your brokerage today.

Step 1: Analyze Expenses

Dive deep into your financials to pinpoint areas for cost reduction without compromising quality. Negotiate better rates with suppliers, adopt energy-efficient solutions, and consider outsourcing non-core activities.

Step 2: Implement Cost Reduction Strategies

Effective negotiation requires data-backed insights. Upgrade to energy-efficient equipment, lighting, and renewable energy sources tailored to brokerage needs. Outsource non-core functions like marketing to optimize labor expenses.

Step 3: Prioritize and Monitor Progress

Focus on areas with the biggest impact on profitability, such as reducing labor expenses. Regularly track expenses to fine-tune strategies for maximum profitability.

Effective cost management is essential for brokerage profitability. By analyzing expenses, identifying cost-saving opportunities, and prioritizing efforts, you can optimize operations while enhancing service quality.

If you need expert guidance on cost-reduction strategies, reach out to us today.

Share this valuable info with fellow brokerage owners who can benefit from these insights!

Many brokerage owners struggle to manage their finances, leading to missed opportunities, financial instability, and stress.

Without a clear understanding of your financial health, you're flying blind. You might be pricing your services incorrectly, unaware of where you're losing money, and unprepared for tax season. This confusion can lead to poor decision-making and lost profits.

Understanding these three essential financial statements is crucial for making smart money moves and securing your business's future:

1. Balance Sheet: This outlines your business assets. Current assets are cash or can be converted into cash within one year, while fixed assets are long-term investments like real estate and equipment. The balance sheet equation is Assets = Liabilities + Owner’s Equity.

2. Income Statement: Your profit and loss statement tracks sales and expenses over time. The difference between your income and expenses is your net profit. The formula is income minus cost of sales equals gross margin, and gross margin minus fixed operating expenses equals net profit.

3. Cash Flow Statement: This document presents the income actually received and expenses actually paid. It shows beginning cash balances, cash inflows, cash outflows, and ending cash balances. The format is Beginning Cash plus Inflows minus Outflows equals Ending Cash.

Knowing these statements allows you to:

Make Informed Decisions: Clearly see where your money is going and where you can cut costs or invest more.

Improve Financial Stability: Ensure you have the cash flow to cover expenses and invest in growth.

Prepare for Taxes: Keep accurate records to minimize stress and maximize savings during tax season.

Enhance Profitability: Identify profitable areas and potential losses, allowing for strategic adjustments.

Regularly reviewing these statements allows you to make informed decisions and plan effectively for the future.

If you need help understanding or managing these financial statements, comment "next steps" below. My team and I are here to support you in making the best financial decisions for your brokerage.

Let’s set your business up for success!

We now have 4 months left of 2024 and still enough time to achieve our goals! 🤗

What are your “Achieve it August” goals this month? Drop them down below!

As a successful brokerage business owner you probably know that time is a valuable and finite resource.

But here’s the thing...

A lot of business owners find themselves trapped in this never-ending cycle of trying to do everything themselves, thinking that outsourcing is a sign of incompetence.

And that’s simply not true.

Think about it, if everyone wanted to DIY their insurance plans and real estate transactions, would you have a business?

When you consider the value of your time and the potential revenue-generating activities you could focus on instead…

Outsourcing becomes a cost-effective solution because you’re delegating non-core tasks like accounting, bookkeeping, and administrative work to experts who can get things done faster and more effectively.

It's important to evaluate your business needs and identify areas where outsourcing can provide the greatest value and can save you the most money.

And when it comes to your finances, you need to research and find someone that understands your business and its specific needs.

That’s why at TLH Financial, we only work within the brokerage industry.

It allows us to fully understand the intricacies of your business and find the best practices and tax savings for you.

When you work with TLH Financial we become your trusted financial partner.

Our team is dedicated to building strong relationships with our clients, understanding their unique needs, and providing personalized attention and expert guidance.

You'll benefit from our industry knowledge, insights, and a dedicated point of contact who will be there to support you every step of the way.

Look, you’re an expert in your brokerage.

Your job is taking care of your clients.

Our job is to make sure your business has a strong financial standing!

Just 48 hours ago we opened the doors to the system that can help you completely revamp the financial status of your company and personal life.

This system is finally available to you right now…

If you want the details all you have to do is comment below “Details” or message me privately “Details” and I will personally reach out to you to see if you qualify for our guarantee and see if you can get results just like our clients that are already taking advantage of this system.

The doors are closing in 48 hours don’t waste another minute!

Brokerage business owners that work with TLH Financial are able to maintain consistent growth, month after month.

Do you find yourself spending too much time on financial management and not enough on the core aspects of your business?

At TLH, we have been serving brokerage business owners for 15 years and have developed a proven framework that can help you increase profits without increasing work hours.

Our team of experienced financial professionals provide:

detailed attention to your accounts

help you understand your business performance

identify any cash flow issues as they arise.

With our services, you will receive faster financial analysis,

Gain a better understanding of your business income and expenses month by month,

Never miss another compliance filing,

And develop a greater awareness of your business spending habits.

💸 This will allow you to refocus on the core of your business, lower costs, and save money in the long run.

Many businesses don’t have professional financial analysis, which leaves them in the dark about their cash flow issues.

By working with us, you will have a team of experts on your team to help you make decisions and manage your money like the CEO you were meant to be.

📌 We've saved our six-figure clients thousands of dollars a year on average, and we have a streamlined system for gathering all the necessary information in one document at the beginning of our partnership.

📌 We can work with your assistant to get all the necessary information so that it won't add any additional responsibility to your plate.

📌 We can eliminate multiple messages that take up most of your day.

If you're ready to achieve consistent growth in your business, comment below with "GROWTH," and one of our team members will reach out to see if you qualify.

We understand that this is a big decision, and we want to make sure it's the right one for you. If you have any questions or want to know if TLH is right for your company, feel free to comment below or send us a private message.

We will always offer our very best suggestions, whether or not you decide to work with us.