Microsoft Excel is used by the majority of businesses but only 6% of people consider themselves an expert.
8 reasons you should become an expert at Excel:
1. Plan the night before
To create a better morning, you need to start the evening before:
• Look at your schedule
• Set out your clothes
• Pack your bag
This little preparation can take the morning from rushed to relaxed.
As a business owner or executive, understanding financial statements will lead to you making more money.
You could spend $100,000 to get an accounting degree,
but this week I decided to give you the answers for free:
Think Again by Adam Grant
Lessons:
• We are most confident when we lack competence (Dunning-Kruger effect)
• Admitting that you don’t know something is a superpower
ChatGPT is an amazing resource for Entrepreneurs & Accountants.
But most people stink at writing prompts.
So I built a 130 prompt swipe file just for you.
To get it, just:
1. Follow me (
@KurtisHanni
)
2. RT this tweet
3. Reply "SWIPE"
At work, I:
• Have a messy desk
• Cancel my team meetings
• Forget to respond to email
• Procrastinate on the regular
• Act annoyed when interrupted
But none of this matters.
Here's how to outperform 99% of your peers:
15 ways you're self-sabotaging:
1. No plan
Without a plan, you might be moving but you’re going nowhere.
A plan creates a compass to guide you. When you get off track, a plan allows you to assess and then readjust or change the plan.
Over the last 10 years, I’ve read more than 500 books.
But until I got serious about notetaking, most of that time was wasted.
Here are 9 ways to retain what you read:
Each company has 3 financial statements that answer 3 different questions:
1. Income Statement (Are you profitable?)
2. Balance Sheet (Are you healthy?)
3. Statement of Cash Flows (Where is cash going?)
2. Don’t touch your phone
You should not touch your phone for two hours after waking up.
This starts with leaving it in the other room the night before. Bringing your phone to bed disrupts your wind-down and keeps you up later.
Cash is king and cash flow queen.
Managing both well will result in better decisions and increased profitability.
Here are the 5 best metrics to manage cash:
In Accounting, you can record the same transaction multiple ways, depending on which accounting method you use.
Weird, right?
Let me simplify Cash vs Accrual Accounting for you:
As an introvert, I used to hate networking events.
But I learned how to overcome my anxiety and maximize their value.
10 tips to help you crush your next networking event:
I’ve seen many businesses fail over 10+ years as a CFO.
They had one thing in common: they all sucked at cash management.
Use these 5 KPIs to become a cash flow master and save your business:
I’ve built my career understanding and simplifying Financial Statements:
• Accounting degree
• Masters in Accounting
• 10+ years as an SMB CFO
• Reviewed 100s of Financials
It's allowed me to share everything you need to know in this simple framework:
Knowing your numbers is an art, not a science.
I’ve been a CFO for 10+ years, so let me break down the essentials tools you need to master your numbers:
3. Get rid of the snooze
Move your alarm away from your bed so you have to get up to turn it off.
This will help you stop hitting the snooze, which destroys your mood and morning routine.
Essentialism by Greg McKeown
Lessons:
• Rate everything from 0 to 100 based on importance. If not greater than 90, don’t do it
• Add a 50% buffer to any time estimate
@RobertMSterling
My wife taught at a homeschool co-op last school year and the shift in the students from a few years prior was noticeable.
Today I went on a hike and more than half the people I passed didn’t acknowledge my greeting.
It’s no longer a community.
5 things successful people do:
1. They find mentors
2. They set goals
3. They plan
4. They’re relentless
5. They don’t compare themselves to others
What would you add?
9. Write down what you’re grateful for
Living with gratitude is a choice.
Repeating what you’re grateful for each morning gets your day started on the right foot.
One booklist is never enough.
Here are the 12 best booklists that cover:
• money
• business
• branding
• marketing
• leadership
• personal development
and more:
10. Read
I choose to read the Bible every morning as a way to recharge.
Maybe it's not the Bible for you, but everyone should start their day with 15 minutes of reading.
Doing this first thing assures that you're making small progress daily.
Assets you should have by 30:
- a career
- a paid-off car
- a growth mindset
- money in the stock market
- a second income stream
- a library of read books
What else?
Everyone should understand how to read Financial Statements.
Let me help you with that:
RT & comment below in the next 24 hours and I'll DM you a link to my new eBook which breaks down all the basics.
6. Drink a glass of water
The benefits of this are endless:
• Improves your hydration
• Removes toxins from your body
• Helps wake you up and feel refreshed
• Reduces calorie consumption throughout the day
Warren Buffett once said Accounting was the "language of business."
So I made it my mission to help.
I created a FREE guide that breaks down:
• Financial Statements basics
• managing cash flow
• how to pick KPIs
• and more!
Like + comment "PNL" & I'll DM it to you.
Netflix's first CEO was Marc Randolph, who co-founded it with Reed Hastings.
To this day, Marc credits his success to 8 rules his father gave him.
Here are the 8 rules and how they helped build Netflix into the streaming giant it is today:
Outliers by Malcolm Gladwell
Lessons:
• It takes 10,000 hours of intentional practice to become world-class
• The month you’re born in can be an advantage or disadvantage
12. Do the toughest tasks first
If you start the day with your hardest task, you could quit at noon and have accomplished more than most do all day.
It also sets a tone that motivates you to keep going.
8. Go on a walk or work out
A morning walk is a great way to get light and increase your heart rate.
A walk and/or a work out will:
• increase your mood, energy, alertness, and focus
• improve your food decisions throughout the day
Jeff Bezos turned a $250,000 loan from his parents into:
• $144.3 billion in personal net worth
• the largest company in American history ($1.56 trillion market cap)
Here are 5 business hacks Jeff used to sculpt Amazon into the empire it is today: