Commerce Minded

#16: Managing Your Business Finances: Insights from Ryan Masuga of Masuga Design

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Ryan Masuga, the founder and Principal of Masuga Design, has more than a decade of experience growing and running his business. He has learned (sometimes the hard way) what it takes to be profitable.

Ryan takes his cues on business strategy from the school of Profit First. He advocates for sticking to your financial plan, and not reacting to the waves of disruption on a month-to-month basis.

Tune in for an insightful conversation about running your business finances, grading your clients, the three questions you should always ask when making decisions, and why hiring a project manager is a real game changer.

Key takeaways:

  • Cut unnecessary expenses and having a real-time view of what you have in each account.
  • Grade your clients and deciding who you jump for and who maybe aren’t really a fit.
  • Project for profit sharing and charitable donations.
  • Identify what only you can do and delegate other tasks to your team.

    • URLs/resources/social media links:

    • Masuga
    • Twitter @gomasuga @masuga
    • LinkedIn
    • Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
    • The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field by Mike Michalowicz
    • Louder Than Ten apprenticeship
    • Simple Numbers, Straight Talk, Big Profits by Greg Crabtree
      • ...more
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