Simple Guide to Getting in Control of Your Company’s Finances

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Marleny Hucks
Marleny Hucks
Marlene (or Marleny as she is known in Spanish) is a mentor, teacher, cross-cultural trainer, storyteller, writer, and for those who have been under her leadership or simply sat across the table from her, she is a mirror of destiny. Her love of word and image were formed early on by one of her heroes, Dr. Seuss. If you asked those who know her well, they would describe her a compassionate, funny, wise, curious, honest, real, strong, sensitive and totally human which comes out as she teaches and writes. She sees all of life, even the most mundane, through faith and believes that who we become as we live this side of the veil is what matters not the journey itself or our circumstances. Marleny Hucks has spent her life crossing bridges. She comes from a diverse background of ministry roles and contexts as well as has transitioned in and out of the business world. Having lived outside the country as well as traveled extensively she has a fascination with culture causes her to live her life within a global mosaic no matter where her feet are planted. Marlene currently lives in South Carolina with her husband David, who owns a news company but who she says is a “crime fighter”, bringing light into darkness in their systems of their city. Marleny currently works as a content management specialist covering Myrtle Beach News for MyrtleBeachSC News.

Running a business is by far one of the most complicated and challenging things that you can do in your lifetime. This is because it requires you to apply many different skills and learn new ones to make your business succeed. However, it’s not impossible and you don’t have to do everything by yourself. There are many tools and guidelines you can use to manage what could be the best thing that will ever happen in your life. A business can’t take you from poverty to riches overnight, but with the right amount of time and dedication, it could change your life.

This being said, one of the most important things about your company is its finances. A business’s finances can make or break your success. This is why it’s so important to make sure that you take control of this crucial part of your organization.

Here are some things you can do to take control of your company’s finances.

Know your company’s financial status.

One of the first things you can do to gain full control over your companies finances is to know the financial status. This means knowing where your company is financially, where you want it to go, and the things that are needed to get you there. Your company may be in a lot of debt which would need to be tended to before it’s too late. You will need to know how your company is profiting and calculate your losses to get a better idea of where it stands.

For this, you can take advantage of Mint’s budgeting application which is free to use on your smart devices. According to recent Mint Personal finance reviews, this service can help you get a clearer picture of what your finances look like. You can use it to track your income, net worth, loan statuses, and even your investments. With its sleek and smart application, you can have access to your financial situation whenever it’s necessary.

Establish a plan to grow financially.

Another thing you can do is establish a plan to help grow your companies finances. This plan could include investing in technology, hiring new people, establishing innovative marketing strategies, or cutting unnecessary expenses. This plan can be molded to your business needs and can be changed throughout the years to best fit them. You can opt to hire an accountant so that they can break down any complicated financial information and help you take the right steps towards your company’s financial success.

Automate your finances.

Additionally, you can automate your finances and other departments in your business so you can cut down the time it takes to do repetitive tasks or tasks that require input from various departments at once. For this, you can invest in smart technology for your finances or outsource your work so your budget isn’t depleted. If you own a retail store, you can implement smart point-of-sale systems that can automatically generate accounting data and reports and send them to your accounting department so they can keep track of your shifting finances.

Learn from your mistakes.

Lastly, you’re going to need to learn a lot from your mistakes. If you’re at a point in your business journey where you understand why you aren’t making much profit, it’s important to keep these things in mind so you don’t repeat them in the future. You can also become a better business person through an executive transformation program that can teach you the right skills needed to run your business.

Apply these tips to gain full control of your companies finances and reach your well-deserved success.



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