Connor Abene @ConnorAbene
Fractional CFO & Bookkeeping services helping $1m-$40m SMBs streamline their financials & accelerate growth | Tweets on business & finance | DM’s wide open scalablecfo.io Frisco, TX Joined March 2020-
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What’s the best lay flat notebook? Needs to lay flat with no pressure. Super important to me. (Links preferred)
Being financially illiterate will cost you a lot of money.
The smartest thing I have ever done professionally is put myself “out there” online. By FAR.
I know it’s tempting to say yes to all opportunities. But working with bad clients will make you miserable. There are the 3 types of clients I avoid (no matter how much $$ they pay): 1. “Hard” clients. Hard clients force you to spend substantially more resources: • Time •…
Quick cash flow tip: Align your payroll cycle with when you collect revenue. Some businesses that run payroll weekly and get paid bi-weekly have cash flow issues. I encourage clients to pay their employees on the 1st and 15th.
Yesterday someone asked me: "What’s the best thing you’ve read in the last 3 months?" I had to think for a minute. I've read dozens of books, articles, and newsletters during that time so it wasn't an easy choice. Then I remembered the only piece of content I read 100% every…
Most owners just focus on PROFIT. But profit isn’t CASH FLOW. It doesn’t tell you how much CASH actually came into the business. And cash flow mismanagement is the #1 reason why businesses fail. So make sure you pay close attention to it.
I have seen the inside of companies large and small across 30 industries. The owners that make the most money, did one thing better than the rest: They picked the right industry.
This is a great resource to simplify your P&L as a brand owner. It will get you what you need without it being overly complicated.
This is a great resource to simplify your P&L as a brand owner. It will get you what you need without it being overly complicated.
I’m an introvert. But I've also: • Built a 10-person team • Worked with 75+ clients • Connected with other business owners I had to do it. There was no way around it. Put yourself in situations that force you to grow.
Interesting page in @Bloomberg regarding home remodels. If you are acquiring in home services, these numbers may be relevant
If you’re hustling 24x7 something’s wrong. Build systems.
Looking for publicly traded banks in-between $1 billion and $5 billion to compare against. Preferably have an active and growing trust department with good, articulate management. Please share. Thanks
Personal & business finance have a lot in common: • Check bank accounts daily • Track expenses/KPIs weekly • Set goals monthly
Josh helped me out with an issue I’ve been having in Acumatica - an ERP one of our clients uses. 10 minutes with Josh prevented a couple hours of headache. Come check out his community and he can help you too!
Josh helped me out with an issue I’ve been having in Acumatica - an ERP one of our clients uses. 10 minutes with Josh prevented a couple hours of headache. Come check out his community and he can help you too!
I hope what we share tomorrow will be of great help to everyone looking to buy a business through an SBA loan 🙌
I hope what we share tomorrow will be of great help to everyone looking to buy a business through an SBA loan 🙌
Time to share what we do inside Scalable a bit more! More to come tomorrow morning.
Time to share what we do inside Scalable a bit more! More to come tomorrow morning.
No one thinks emergencies will happen to them. But sometimes they do. If you're in one, here are 3 options: 1. Liquidate assets (You'll likely be able to buy them again in the future) 2. Explain your situation to Debtors, Suppliers, Employees 3. Offer heavy discounts
Contrarian view: If you are under 35-40 and are actively saving for retirement stocks going down for 10 years is a positive. Why would you want to pay more for the same asset if you don’t need the money for 25+ years? The only reason it going up is valuable is ego. lmk
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94 Followers 167 Following General Contractor in Florida who focuses on value add construction in Miami, Jacksonville, and Tallahassee. We always prioritize the end consumer…@ConnorAbene @jeldeez Let’s go! Let me know if you love it, I know u will
@ConnorAbene Always thought I would hate these but I'm now obsessed, SPECIFICALLY because they lay flat so nicely. Bonus - I can reorganize my thoughts/ keep client notes together. a.co/d/ev4emQc
@ConnorAbene My favorite: LEUCHTTURM1917 - Notebook... amazon.com/dp/B01BSTV8SY?…
Surest bet for a > $10mm net worth: SMB acquisition with an SBA 7a loan
@jeldeez @ConnorAbene Hands down it’s the Midori They cut the cover spine off & then use a fiber tape. Lays completely flat. Great paper too
He’s gotta point.
Being financially illiterate will cost you a lot of money.
@ConnorAbene @moleskine Try the cahier journals. moleskine.com/en-us/shop/not…
@ConnorAbene I keep it simple with @moleskine
@ConnorAbene Spiral notebook from Walmart. Lays flat every time.
Entrepreneurs transform in those first 36 months of leadership and management. Half of it is just stay alive until you get good. - Charlie Songhurst on Invest Like the Best
another banger from @hijohnluke ✅
Give Give Give Give Give Give Give Give Give Give Give Give Give Give Give Ask Imo this is the only way you can build a community of people who actually care about what you do. Be it your customers, investors or potential colleagues/partners.
Turned 33 today! I think the celebration was on-brand.
@ConnorAbene Personally and business wise
@ConnorAbene Ignorance has a cost. I’m doing my best to minimize my payments