Stat of the Month:
82% of small businesses fail because of poor cash flow management. The solution? “Know Your Numbers.” Staying on top of revenue and expenses helps you see red flags early and often, so you don’t crash in the middle of the journey.
Tax Tip of the Month
Changed your last name recently? Planning to get hitched? You might have more than just thank-you notes to take care of. The IRS has a
Newlyweds Tax Checklist that covers what to update—and how filing jointly could actually save you money.
Finance Tip of the Month
Even baby steps into finance can turn confusion into clarity—and action. Four levels of financial awareness that every business owner should master:
1. Review: Understand monthly performance. Get to know the ebbs and flows of income and expenses.
2. Compare: Start comparing performance across time periods, product/service groups, and industry KPIs.
3. Leverage: Use growth levers to move the needle on revenue, gross margin, and net profit.
4. Predict: Forecast revenue, cash flow, and make strategic decisions about what to do next.
Your breakaway growth navigator
Introduction: Don’t Build a Business You Grow to Hate
The most alarming stats in entrepreneurship aren’t about taxes, or inflation, politics, or the economy.
They’re about failure.
Going out of business.
Running out of cash.
Operating at a loss year after year until the IRS reclassifies you as a hobby.
Maybe worst of all: Spending your life working long hours, imprisoned by a business meant to give you freedom, but just barely eking out a living.
One step forward, two steps back. Building, as Dan Martell says, a business you grow to hate.
At Red Bike Advisors, we believe that good financial fitness is the foundation for both business success and personal freedom. Just like physical fitness leads to better energy, confidence, and performance, financial clarity unlocks:
✅ Sustainable growth
✅ The ability to attract (and keep) top talent
✅ Repeatable, scalable systems
✅ Real, bankable profit—not just top-line hype
✅ Owner hours you can live with
✅ An exit that’s on your terms, not out of desperation
Over the next few months, we’ll walk you through the key elements of building that strong financial foundation. Each issue of this newsletter will dive into one essential area of financial fitness, helping you create a business that supports your life, not one that consumes it.
Here’s what to expect through the end of the year:
For July - Clean Books: The foundation for good financial fitness
For August - “Know Your Numbers”: How to navigate the trifecta of financial reports without feeling stupid
For September - Metrics that Matter: Benchmarks for profit, efficiency, and growth
For October - Cash is King: And it's not the same as profit
For November - Scaling with Confidence: How to grow sustainably without losing your mind or your cash
For December - Profit First, Freedom Follows
For January - Exit Strategy: Maximize transferable business value so you have maximum exit options
Client Story of the Month
We recently helped a client who owed over $200K in back taxes avoid a major financial setback. The IRS was pushing for a lump-sum payment, which could have forced the client to dip into retirement savings or take out a second mortgage. Our team worked directly with the assigned revenue officer to negotiate a manageable multi-year payment plan—preserving our client’s assets and giving them breathing room to stay focused on their business.
Who do you know that needs our services?
We're accepting new clients for...
1. Proactive accounting, tax & advisory
2. Tax resolution
3. Forensic accounting and fraud investigations
Who do you know that needs our services? Refer them here or reply to this email.
A Question for You
What’s one area of your business finances you’ve been avoiding that, with the right help, could finally start working for you?
Until next month,
Your Red Bike Advisors Team
About Red Bike Advisors
We're on a mission to equip small business owners with finance and tax insights that create exponential value for their companies, customers, employees, and families. From compliance to advisory, we take the confusion and scramble out of business finance and tax strategy and bring in clarity, growth, and peace of mind.
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1650 Military Cutoff Rd. Suite 104, Wilmington, NC 28403
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