Bogolo & Simag Business Consulting

19/11/2021

3 Quick & Easy money moves to make today✨⁣

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As this year is coming to an end, here are 3 tips to help you finish 2021 financially strong:⁣

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✨ 𝗖𝗮𝗻𝗰𝗲𝗹 𝘂𝗻𝘂𝘀𝗲𝗱 𝘀𝘂𝗯𝘀𝗰𝗿𝗶𝗽𝘁𝗶𝗼𝗻𝘀⁣

Review your financials & bank statements for any recurring subscriptions. If you don’t need them, cancel. Every cent counts!⁣

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✨ 𝗢𝗽𝗲𝗻 𝗮 𝗵𝗶𝗴𝗵-𝘆𝗶𝗲𝗹𝗱 𝘀𝗮𝘃𝗶𝗻𝗴𝘀 𝗮𝗰𝗰𝗼𝘂𝗻𝘁⁣

These accounts pay you a higher interest rate (than regular banks) for keeping your money with them.

✨ 𝗢𝗽𝗲𝗻 𝗮 𝗥𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗮𝗰𝗰𝗼𝘂𝗻𝘁⁣

Whether you want to take a tax deduction now or pay taxes after retirement, these accounts will help you save for your future goals (your future-self will thank you big time!)

Remember: Is not how you start but rather how you finish that matters..who's finishing 2021 strong? 🙋🏽‍♀️

18/11/2021

“𝘚𝘶𝘤𝘤𝘦𝘴𝘴 𝘪𝘴𝘯’𝘵 𝘢 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘣𝘦𝘯𝘤𝘩𝘮𝘢𝘳𝘬 𝘵𝘩𝘢𝘵 𝘴𝘰𝘤𝘪𝘦𝘵𝘺 𝘥𝘦𝘦𝘮𝘴 𝘢𝘴 𝘳𝘪𝘨𝘩𝘵. 𝘐𝘵’𝘴 𝘴𝘰𝘮𝘦𝘵𝘩𝘪𝘯𝘨 𝘰𝘯𝘭𝘺 𝘺𝘰𝘶 𝘤𝘢𝘯 𝘥𝘦𝘧𝘪𝘯𝘦 𝘧𝘰𝘳 𝘺𝘰𝘶𝘳𝘴𝘦𝘭𝘧.”⁣
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Do you agree? ↑⁣
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Oftentimes we use money as the defining factor for success. What society says we should strive towards if we want to achieve it. ⁣
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You know, a well-paying job with benefits. But as an entrepreneur, these factors aren’t applicable. ⁣
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That is why when I started my business I wanted to make sure that my definition of success was reflected in my goals and vision. ⁣
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For me, success is the freedom to...⁣
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✨Choose how to run my business ⁣
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✨Travel as often as I want throughout the year (prior to COVID that is)⁣
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✨To work with clients that I love working with ⁣
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✨Take a break in the middle of the day to take my son to the park⁣
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✨To give back in some capacity⁣
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✨To spend more time with my loved ones⁣
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When making decisions in my business, I always make sure they align with the life I want to live. ⁣
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what is ONE thing that defines your success? Would love to hear ↓

18/11/2021

“𝘐𝘧 𝘺𝘰𝘶𝘳 𝘨𝘰𝘢𝘭𝘴 𝘥𝘰𝘯’𝘵 𝘴𝘤𝘢𝘳𝘦 𝘺𝘰𝘶, 𝘵𝘩𝘦𝘺 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘣𝘪𝘨 𝘦𝘯𝘰𝘶𝘨𝘩.”⁣
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The foolproof way to achieve your business goals…⁣
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I often get asked, “How do you set and achieve business goals?”⁣
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And after working with some many female business owners, here's what I've learned along the way:⁣
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1️⃣ Start by setting specific goals, that scare & inspire you. ⁣
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2️⃣ Commit and take action (daily) towards your goals.⁣
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3️⃣ Stay focused on your goals, and make daily decisions that align with your long-term goals. ⁣
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4️⃣ Find people that you trust for advice and guidance so that you have the support when needed.⁣
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5️⃣ When facing obstacles/ challenges get back up quickly and learn from them. Do not avoid or get discouraged by failure, embrace it!⁣
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6️⃣ Learn to trust the process and give yourself permission to pivot & pause if needed.⁣
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You’ve likely heard that dreams without specific goals remain just that...dreams! Well, we’re all about making big moves in our business and empowering other women to do the same.⁣
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→ So tell me, on a scale from 1-10 (scary AF)— how big & scary are your goals for 2022?

17/11/2021

One important metric you should be tracking in your business ↓⁣
⁣....Your profit margins! ⁣
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I know it’s exciting to see 20, 50, 100K in sales roll into your bank account. I mean who wouldn’t be, right? ⁣
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And knowing your total sales is great, but it doesn’t paint a true picture of how much money your business is actually banking. But your profit margin does. ⁣
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Why?⁣
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Because it takes into account the costs incurred to make the sale such as shipping, contractors, inventory, markdowns etc.⁣
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For example, you can sell 250K in sales, but if it costs you 200K in inventory, and 60K in markdowns you aren’t making money. In fact, you’re losing money. ⁣
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Simply put, your profit margin shows 𝐡𝐨𝐰 𝐦𝐮𝐜𝐡 𝐨𝐟 𝐞𝐯𝐞𝐫𝐲 𝐝𝐨𝐥𝐥𝐚𝐫 𝐢𝐧 𝐬𝐚𝐥𝐞 𝐲𝐨𝐮 𝐠𝐞𝐭 𝐭𝐨 𝐤𝐞𝐞𝐩. ⁣
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5 easy ways to help you protect your profits and make more money:⁣
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◾️ Lower your inventory & shipping costs by ordering more at a time. Typically, you can negotiate lower inventory and shipping costs with the more you order. ⁣
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◾️ Stop offering sales & discounts so that you protect your profits. Focus on raising awareness instead of offering sales as a way to attract new customers.⁣
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◾️ Increase your prices so that you’re making more money off every purchase.⁣
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◾️ Lower your operational costs by improving your processes, and lowering overhead expenses.⁣
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◾️ Know your profit margins and review them regularly so that you can make informed decisions quickly and regularly. ⁣
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Do you track your profit margins? 🙋🏽‍♀️OR 🙅🏽‍♀️

16/11/2021

We’re almost at the end of 2021, but that doesn’t mean the fun stops here! You still have ample opportunity to get sh*t done and optimize the remaining time left.⁣
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Let’s get started....⁣
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✶ 1. 𝐀𝐔𝐃𝐈𝐓 𝐘𝐎𝐔𝐑 𝐅𝐈𝐍𝐀𝐍𝐂𝐈𝐀𝐋𝐒⁣
This is where bookkeeping & tracking comes into play. If you’re not already caught up on this, here’s your little kick to get moving..Numbers are your best friend! Look them over and assess where you stand. ⁣
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If you can, get more granular. Dissect which offers sold the most (we love those) and if there are any opportunities to cut down expenses (cutting out underutilized subscriptions). ⁣
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✶ 2. 𝐀𝐍𝐀𝐋𝐘𝐙𝐄 𝐆𝐎𝐀𝐋𝐒 + 𝐒𝐄𝐓 𝐍𝐄𝐖 𝐎𝐍𝐄𝐒⁣
Did you set specific sales goals for 2021? If so, how did you do? This is the perfect time to see how your numbers stacked out and determine new opportunities to crush those goals. There is still plenty of time to crush them (and you will!) ⁣
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With the holidays coming up, you can determine how to leverage big events like Black Friday, Small Business Saturday, Christmas, etc. to boost profit. Perhaps you want to promote a flash sale, launch a new offer, or collaborate with another badass industry leader to increase lead generation. ⁣
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✶ 3. 𝐌𝐀𝐗𝐈𝐌𝐈𝐙𝐄 𝐘𝐎𝐔𝐑 𝐄𝐅𝐅𝐎𝐑𝐓𝐒⁣
There is immense value in having expert eyes find gaps, areas of opportunity, and ways to maximize your profit. ⁣
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Save yourself time, effort, and peace of mind by outsourcing items like bookkeeping, admin tasks, copywriting, etc. You’d be surprised by how game-changing this can be. Through analysis, and hands-on guidance, the experts can determine the best way to save you money and empower your financial decisions. ⁣
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Which action do you plan to tackle first—1, 2, or 3!?

15/11/2021

If you’re an entrepreneur that’s still managing your own finances [READ THIS] ⁣
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When you first start a business the DIY approach seems like the best move, because the start-up costs in the early days are higher than the sales you’re making.⁣
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So anything you can do to save money, you’ll do. ⁣
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Right?⁣
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And that includes trying to manage your finances by yourself. In fact, it’s one of the most common things most small businesses try to tackle on their own.⁣
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Googling, “bookkeeping for beginners” & “filing your taxes made easy.”⁣
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Sound familiar?⁣
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I get it. But what if I told you the DIY approach might be costing you more money and time.⁣
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Not to mention your sanity. I see you over there cursing at yourself (& the taxman) for why this is so complicated. And why you can’t seem to figure s**t out. ⁣
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Well, you don’t have to do it alone. I actually recommend you don’t if you want the peace of mind that your taxes are being filed correctly.⁣
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And one of the best ways to do that is by hiring an accountant to file them for you so that you can …⁣
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✨Maximize your deductions (save more $)⁣
✨Reduce the likelihood of being audited⁣
✨Rest easy knowing you’ve filed your taxes correctly⁣
✨Save you time Googling the heck out of what to do⁣
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These are some of the benefits of hiring an accountant to file your tax returns for you.⁣
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If you're ready to put 𝗺𝗼𝗿𝗲 𝗺𝗼𝗻𝗲𝘆 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗽𝗼𝗰𝗸𝗲𝘁𝘀 & 𝗱𝗶𝘁𝗰𝗵 𝘁𝗵𝗲 𝗼𝘃𝗲𝗿𝘄𝗵𝗲𝗹𝗺- send us a DM 😉⁣
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I'm curious, are you in favor of the DIY approach or outsourcing?

05/11/2021

05/11/2021

7 Reasons Why Bookkeeping is Important for Your Business. Bookkeeping helps you budget for your business, prepare for tax returns, keep your business organised and so much more.
*Helps You Budget Accurately
*Keeps You Prepared for Tax
*Maintains Organised Records
*Easier to See Business Targets
*Meeting Government Regulations
*Gives You Extra Peace of Mind
*You Learn in the Process
Give us a few minutes and you'll never need to worry about accounting and bookkeeping again.?
Email us @gmail.com

01/11/2021