The Simple and Effective Way to Organize Your Business Finances: The 90-Day Financial Plan

“Planning is bringing the future into the present so that you do something about it now.” – Alan Lakein

Transformation, Transition, or Traction. These are the 3 Ts that may guide your decision to create a 90-day financial plan.

A 90-day plan increases the value that you can bring to your business and explores practical strategies to guide success. It breaks your year down into quarters so you can develop a foundation that helps you meet your objectives.

Take control of your business finances with the following steps to create your 90-day financial plan.

Step 1 – Define your focus

Write down your core objective. From this objective, list three priority tasks that will help you achieve positive results – one task for each month. Break down each task into performance goals. These will make your objective more specific and workable.

Step 2 – Review your numbers

Your plan needs to stretch your financial goals but still be based on reality. Thus, get practical and review your numbers. Look at your financial history, current financial statements, and comprehensive projections for meeting your targets. Re-evaluate your objective considering this information and create a plan that aligns with your priorities and goals.

Step 3 – Determine measurement metrics

Every task requires a measurement metric so that you can track your progress. Determining metrics prompts you to clarify what success looks like, and the impact you hope to achieve.

Step 4 – Stay flexible

Once you create your plan, you will want to stick to it rigidly. However, factors outside your control may affect your ability to follow your plan precisely. Include actions that you can take within your plan if you do not meet your goal. Do this with the professional support of a business advisor who can better discern situations or occurrences that could affect your progress.

Small business owners are used to wearing many hats. If you are not a finance expert, trying to do financial management on your own could lead to your downfall in the long run. The best action you can take to ensure the success of your 90-day financial plan is to work with a finance expert. Let us at RCN CPAs support and guide you towards positive transformation, successful transition, or gaining traction. Book a 15-minute discovery call with us today.

Miriam Blednick

I am a small business owner and found this firm a few years ago and could not be happier. I was worried it might be hard to switch but after my initial meeting with the owner, Nneka, and her staff it was an easy decision. They are all amazing people. We have an unusual business model but it took them a very short time to understand because they asked questions and listened. Over the past three years, Nneka, has given me excellent advice that helped me make solid decisions for the business and for my personal retirement. If you need a CPA, they see all types of clients, I personally and professionally highly recommend them.

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Nneka is knowledgeable, she listens and understands your goals and then makes a plan to achieve these with you. Many CPAs simply use software and are not ready to educate you on how to utilize the benefits you have. She is not a cookie cutter professional but one who cares, listens cos she has ears and then helps you achieve your goals! Thanks so much!

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They have really helped us to keep on the right track!! We love our accountant!! They give us monthly financial statements and we have a standing monthly online meeting to go over our statements, ask any questions and plan for the future. Best accountant ever!!!

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CPA Nneka Nwobi provided very valuable tax related recommendation which helped save thousands of dollars that would have to otherwise be paid to the IRS. Nneka is very professional and prompt in email communication. I am truly thankful to her and appreciate her for her knowledge and the valuable recommendations that she made on how to best approach my situation.

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