Building a strong Financial Solution for a Retail Shop
At a GlanceAfter talking with the business owner and hearing their stress and causes of concern, we quickly stepped in to clean up their financial situation and to provide a calm and knowledgable presence.
For this retail startup, the owner was doing their own books and a strong business foundation had yet to be established. As is the case with most startups, there were multiple bank accounts and credit cards – all of which had never been reconciled. Their owner was stressed regarding their financial situation, didn’t have a clear picture of their company’s financial history, and lacked financial support that every business owner should have.
After talking with this small business owner, we quickly reconciled their books, put a plan in place to close many of the bank and credit card accounts, and walked the business owner through their financial statements.