{"id":3816,"date":"2024-08-10T11:11:06","date_gmt":"2024-08-10T16:11:06","guid":{"rendered":"https:\/\/jdtadvisory.com\/staging\/4959\/?p=3816"},"modified":"2024-08-10T11:32:01","modified_gmt":"2024-08-10T16:32:01","slug":"build-your-blueprint-bridge","status":"publish","type":"post","link":"https:\/\/jdtadvisory.com\/staging\/4959\/build-your-blueprint-bridge\/","title":{"rendered":"Build Your Blueprint Bridge"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">According to a 2023 survey by Datarails, a small or medium-size business (SMB) spends an average of $54,000 per year for finance and accounting software. Millions of pages of financial data are produced every year! But as Henry David Thoreau once observed, \u201cIt\u2019s not what you look at that matters,\u00a0<em>it\u2019s what you see<\/em>.\u201d (Emphasis added.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The language barrier<\/strong><br>When\u00a0<em>Wealthpreneurs<\/em>\u00a0review the vast volume of financial data generated by their software, they often become frustrated. \u201cI don\u2019t speak accounting, tax, and financial analysis. I speak business. These traditional financial statements are worthless to me!\u201d What\u00a0<em>Wealthpreneurs<\/em>\u00a0need is a\u00a0<em>Business Blueprint<\/em>: a plan inspired by the insights from their accounting data that is designed to help them achieve their vision.<\/p>\n\n\n\n<div class=\"wp-block-group has-custom-2-background-color has-background has-light-background has-sm-padding-top has-sm-padding-bottom has-sm-padding-left has-sm-padding-right\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading has-text-align-center has-black-color has-text-color has-link-color wp-elements-dc142c7e50cf1d7bc901cce17278db29\"><em>Wealthpreneur<\/em> Lesson<\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color has-link-color wp-elements-11dbafb93d7762b612756f92e2568762\">The Omaha Oracle Speaks!<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"474\" height=\"315\" src=\"https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Warren-Buffett.jpeg?resize=474%2C315&#038;ssl=1\" alt=\"\" class=\"wp-image-2689\" style=\"aspect-ratio:1;object-fit:cover;width:185px;height:auto\" srcset=\"https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Warren-Buffett.jpeg?resize=300%2C199&amp;ssl=1 300w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Warren-Buffett.jpeg?w=474&amp;ssl=1 474w\" sizes=\"auto, (max-width: 474px) 100vw, 474px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">\u201cAccounting numbers, of course, are the language of business and as such are of enormous help to anyone evaluating the worth of a business and tracking its progress.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cCharlie and I would be lost without these numbers: they invariably are the starting point for us in evaluating our own businesses and those of others.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u200b\u201cManagers and owners need to remember, however, that accounting is but an aid to business thinking, never a substitute for it.\u201c<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Warren Buffett<br>CEO of Berkshire Hathaway, Inc.<\/p>\n<\/div><\/div>\n\n\n\n\n<div class=\"wp-block-group has-xs-padding-top\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"wp-block-paragraph\"><strong>What are we building?<\/strong><br>An architect creates a blueprint when planning the construction of a new building. This blueprint is a vital resource because it provides a clear and concise plan. Each team member involved in the project knows what needs to be done and when to do it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For\u00a0<em>Wealthpreneurs<\/em>, a Business Blueprint bridges the gap between raw accounting data and actionable business strategy. An effective Business Blueprint distills your vision into actionable tasks so you can create measurable goals and identify impactful levers. This means you can implement strategies to accelerate growth and enhance profitability within your business.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group has-xs-padding-top\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"wp-block-paragraph\"><strong>With a Business Blueprint, you can:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">Make more informed business decisions<\/li>\n\n\n\n<li class=\"\">Monitor key performance indicators<\/li>\n\n\n\n<li class=\"\">Minimize identifiable risks<\/li>\n\n\n\n<li class=\"\">Improve cash flow management<\/li>\n\n\n\n<li class=\"\">Free up management time<\/li>\n\n\n\n<li class=\"\">Facilitate business valuation<\/li>\n\n\n\n<li class=\"\">Experience strategic transformation<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group has-xs-padding-top\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"wp-block-paragraph\"><strong>5 Steps to create a Business Blueprint<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li class=\"\">Set goals<\/li>\n\n\n\n<li class=\"\">Identify drivers<\/li>\n\n\n\n<li class=\"\">Build the model<\/li>\n\n\n\n<li class=\"\">Discover insight<\/li>\n\n\n\n<li class=\"\">Connect the model<\/li>\n<\/ol>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Set your GPS<\/strong><br>Lewis Carroll once said, \u201cIf you don\u2019t know where you are going, any road will get you there.\u201d The first step in turning your accounting data into actionable business strategy is setting goals. I recommend you avoid investing time and effort in difficult and time-consuming\u00a0<em>budgeting<\/em>. Instead, focus your efforts on\u00a0<em>planning<\/em>\u00a0and\u00a0<em>forecasting<\/em>\u00a0to achieve both short term and long term goals.<\/p>\n\n\n\n<div class=\"wp-block-group has-alt-background-color has-background has-light-background has-sm-padding-top has-sm-padding-bottom has-sm-padding-left\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-media-text is-stacked-on-mobile\" style=\"grid-template-columns:15% auto\"><figure class=\"wp-block-media-text__media\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"999\" src=\"https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=800%2C999&#038;ssl=1\" alt=\"\" class=\"wp-image-2718 size-full\" srcset=\"https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=240%2C300&amp;ssl=1 240w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=768%2C959&amp;ssl=1 768w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=820%2C1024&amp;ssl=1 820w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=1230%2C1536&amp;ssl=1 1230w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?w=1452&amp;ssl=1 1452w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h4 class=\"wp-block-heading has-text-align-center has-black-color has-text-color has-link-color wp-elements-fa1ca32de0d8ad882d3b3e7236cc8c0d\">Right On Target<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">Establish period-based (quarterly or annual) revenue goals.<\/li>\n\n\n\n<li class=\"\">Monitor <strong><a href=\"https:\/\/jdtadvisory.com\/staging\/4959\/are-you-in-the-badlands\"><span style=\"text-decoration: underline;\">pretax profit margins<\/span><\/a><\/strong> and compare them to industry averages.<\/li>\n\n\n\n<li class=\"\">Adjust your goals if needed to achieve your <strong><a href=\"https:\/\/jdtadvisory.com\/staging\/4959\/where-did-the-money-go\"><span style=\"text-decoration: underline;\">core capital target<\/span><\/a><\/strong>.<\/li>\n<\/ul>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n\n<div class=\"wp-block-group has-xs-padding-top\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"wp-block-paragraph\"><strong>Your business is a machine<\/strong><br>Archimedes discovered and used the power of the lever. This Greek mathematician and inventor once said, \u201cGive me a place to stand and rest my lever on, and I can move the Earth.\u201d Think of your business as a machine. What levers can you pull to move your business closer to your goals?<\/p>\n\n\n\n<div class=\"wp-block-group has-alt-background-color has-background has-light-background has-sm-padding-top has-sm-padding-bottom has-sm-padding-left\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-media-text is-stacked-on-mobile\" style=\"grid-template-columns:15% auto\"><figure class=\"wp-block-media-text__media\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"999\" src=\"https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=800%2C999&#038;ssl=1\" alt=\"\" class=\"wp-image-2718 size-full\" srcset=\"https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=240%2C300&amp;ssl=1 240w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=768%2C959&amp;ssl=1 768w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=820%2C1024&amp;ssl=1 820w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=1230%2C1536&amp;ssl=1 1230w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?w=1452&amp;ssl=1 1452w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h4 class=\"wp-block-heading has-text-align-center has-black-color has-text-color has-link-color wp-elements-35b3caf56959d459135a8be8b48c6956\">Push the Right Buttons<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">Analyze historical revenue per product, product line, salesperson, and location.<\/li>\n\n\n\n<li class=\"\">Use forecasting to plan headcount additions. This will ensure you fulfill your targeted number of orders and satisfy customer support needs.<\/li>\n\n\n\n<li class=\"\">Develop targeted levels of investment in equipment and operating costs to reach sales and profitability goals.<\/li>\n<\/ul>\n<\/div><\/div>\n<\/div><\/div>\n\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group has-xs-padding-top\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"wp-block-paragraph\"><strong>Everything is connected<\/strong><br>To build a successful financial model,\u00a0<em>Wealthpreneurs<\/em>\u00a0need to understand how business drivers are connected. The synergy among drivers can often impact the business&#8217;s ability to generate cash flow.<\/p>\n\n\n\n<div class=\"wp-block-group has-alt-background-color has-background has-light-background has-sm-padding-top has-sm-padding-bottom has-sm-padding-left\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-media-text is-stacked-on-mobile\" style=\"grid-template-columns:15% auto\"><figure class=\"wp-block-media-text__media\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"999\" src=\"https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=800%2C999&#038;ssl=1\" alt=\"\" class=\"wp-image-2718 size-full\" srcset=\"https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=240%2C300&amp;ssl=1 240w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=768%2C959&amp;ssl=1 768w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=820%2C1024&amp;ssl=1 820w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=1230%2C1536&amp;ssl=1 1230w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?w=1452&amp;ssl=1 1452w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h4 class=\"wp-block-heading has-text-align-center has-black-color has-text-color has-link-color wp-elements-01c778232e1d1180933c6fb2e2bdebb9\">Connect the Dots<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">Determine which expenses strongly drive new sales.<\/li>\n\n\n\n<li class=\"\">As sales increase, identify necessary expense increases.<\/li>\n\n\n\n<li class=\"\">Evaluate the overall impact on cash flow from changes in expenses and sales.<\/li>\n<\/ul>\n<\/div><\/div>\n<\/div><\/div>\n\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group has-xs-padding-top\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"wp-block-paragraph\"><strong>Time to reap the harvest!<\/strong><br>Once you have set your goals, identified the success drivers, and built your forecasting model, you are ready to enjoy the fruits of your labor! Your Business Blueprint will highlight insights and maximize the informational value of the data generated by your accounting and financial analysis software.<\/p>\n\n\n\n<div class=\"wp-block-group has-alt-background-color has-background has-light-background has-sm-padding-top has-sm-padding-bottom has-sm-padding-left\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-media-text is-stacked-on-mobile\" style=\"grid-template-columns:15% auto\"><figure class=\"wp-block-media-text__media\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"999\" src=\"https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=800%2C999&#038;ssl=1\" alt=\"\" class=\"wp-image-2718 size-full\" srcset=\"https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=240%2C300&amp;ssl=1 240w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=768%2C959&amp;ssl=1 768w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=820%2C1024&amp;ssl=1 820w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?resize=1230%2C1536&amp;ssl=1 1230w, https:\/\/i0.wp.com\/jdtadvisory.com\/staging\/4959\/wp-content\/uploads\/2024\/07\/Wealthpreneur-Tip-Logo-block-copy-2.png?w=1452&amp;ssl=1 1452w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h4 class=\"wp-block-heading has-text-align-center has-black-color has-text-color has-link-color wp-elements-223a4c1285c97ad473a6d555ad344316\">Taking Action<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">Identify levers you can pull to grow your revenue faster than your expenses increase. You could expand the use of automation in customer service, invest in an inbound or outbound sales strategy, or change your mix of products and services.<\/li>\n\n\n\n<li class=\"\">Consider pulling one big lever or several small levers. The results of this effort will drive your forecasting and cash flow planning.<\/li>\n<\/ul>\n<\/div><\/div>\n<\/div><\/div>\n\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group has-xs-padding-top\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"wp-block-paragraph\"><strong>Putting the pieces together<\/strong><br>Manually executing the Business Blueprint process takes time and effort. Instead, try connecting your forecasting model to compatible cloud-based accounting software. A connected data flow will simplify the data import process and increase the accuracy of your forecast. The software will be able to roll your quarterly and annual projections forward by comparing forecasted results to actual results.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A shortcut to success<\/strong><br>As Yogi Berra once observed, \u201cIf you don\u2019t know where you are going, you might wind up someplace else.\u201d Most software packages come with a high cost and a steep learning curve. To connect the dots effortlessly, many\u00a0<em>Wealthpreneurs<\/em>\u00a0work with a fractionalized CFO services provider like us.<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to a 2023 survey by Datarails, a small or medium-size business (SMB) spends an average of $54,000 per year for finance and accounting software. Millions of pages of financial data are produced every year! But as Henry David Thoreau once observed, \u201cIt\u2019s not what you look at that matters,\u00a0it\u2019s what you see.\u201d (Emphasis added.) &hellip;<\/p>\n","protected":false},"author":2,"featured_media":3819,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_wp_convertkit_post_meta":{"form":"-1","landing_page":"","tag":"0","restrict_content":"0"},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[15,16],"tags":[],"mai_display":[],"class_list":["type-post","category-value-building","category-cfo-advisory","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Build Your Blueprint Bridge - JDT Advisory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jdtadvisory.com\/staging\/4959\/build-your-blueprint-bridge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Build Your Blueprint Bridge - JDT Advisory\" \/>\n<meta property=\"og:description\" content=\"According to a 2023 survey by Datarails, a small or medium-size business (SMB) spends an average of $54,000 per year for finance and accounting software. Millions of pages of financial data are produced every year! 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