Business - Sherrington Financial Fitness

Keep Cash Flow Flowing

I’m sure you’ve heard the saying cash flow is king, or as I like to say, queen. But what does that really mean, and how do you keep your cash flowing? It’s a fairly simple concept but it can be difficult to get it to work. Basically, what it means is keeping enough cash in…

By Sherry Lutz Herrington Owning your own business means you are your business, and it is you. At the same time. No matter how hard you try, you cannot separate your life from your business. It is your life. Sometimes that means taking phone calls during your child’s soccer game or answering emails from the…

Times are constantly changing, and as business owners we need to stay tuned in to what’s coming next. This year has seen predictions ranging from horrible economic instability to mild adjustments in the economy and everything in between. How do we know what to believe? The truth is no one can accurately predict the future. …

When was the last time something went wrong in your business? I know, don’t laugh, it was probably yesterday. Things go wrong. Frequently. That’s part of running a business. The more important question is, what did you do to prevent that problem from happening again? The tendency is to move on, forget it happened, and…

When people ask me what my niche is I have a hard time answering. In a way, I don’t believe niching is necessary. In another way, I get it. I think what the issue is for me is the way niche is defined. Generally, when people ask about my niche, they mean an industry. I…

I’ve found most business owners, especially new ones, treat accounting like the ugly stepchild. It’s something that must be dealt with, but the less attention they give it the better. Most business owners usually start with pushing aside the numbers and focusing on bringing in sales. However, that is a self-limiting attitude. The ugly stepchild…

California is now requiring all small businesses with 5 or more employees to offer their employees some kind of retirement plan. If the business doesn’t want to provide one, then the state has a new plan call CalSavers* that they will automatically enroll your employees in. I won’t deep dive into the plan (as I’m…

All entrepreneurs are dreamers. All businesses start with a dream. Have you lost touch with yours? After many years in business, it is easy to have lost touch with why you started your business. Maybe it’s time to revisit that dream. Having a driving force that helps you keep going when things get tough is…

By Sherry Lutz Herrington I ran cross country in high school, and like most things in high school you don’t really imagine it will be of any use later in life. However, I’ve found some of my most important life lessons have come from my high school experiences. In cross country you race for several…

By Sherry Lutz Herrington Whether you are just starting a business or you’ve been running yours for a while, it’s critical to understand how your business is doing financially at any given point. Having solid business accounting will help you accomplish this and keep you on track. It will also give you other critical information.…