General Archives · Chris Hervochon, CPA, CVA LLC

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Marketing Agency Bad Financial Habits

3 Bad Habits For Marketing & Creative Agencies to Avoid

What are the most common mistakes or “traps” agency owners fall into over time? Bad habits to avoid and positive alternatives? In other words, what are some marketing agency bad accounting and finance habits to avoid? The above is a question I received in a Facebook Group for marketing professionals earlier this week, and it’s …

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marketing agency profit margin

Marketing Agencies: All About The Margins

Increasing profits should be a primary financial concern for all businesses, including marketing agencies. A marketing agency averages a net profit margin somewhere between 6.0% and 12.0%, which means there’s plenty of room for growth. No agency is powerless to overcome poor margins. That’s an area where a CPA like me can help. Consider several …

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Rent vs. Buy

How do you know when you’re ready to buy a home? By Amanda Maletz, On Q Financial Mortgages Simplified There is not a one-size-fits-all or “right time” approach to home ownership. Just as every person is different, the journey to home ownership is different as well. If renting is all you have ever done, you …

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What should you consider before hiring?

Are you thinking about hiring somebody, or thinking that you have a need to hire somebody? In this week’s episode, I will discuss 3 things you should consider before going about your hiring journey. Show Notes: Link to Wayfinder: https://www.betterwaycpa.com/wayfinder/ Relevant Quora post about Wayfinder: https://www.quora.com/What-are-some-great-questions-for-a-client-strategic-planning-session/answer/Chris-Hervochon Relevant Quora post about cash flow: https://www.quora.com/What-clued-you-in-that-the-business-you-were-running-was-about-to-close-Even-when-upper-management-owners-denied-the-possibility/answer/Chris-Hervochon Fyre Festival …

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