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Expert guidance on CFO advisory, accounting strategies, tax optimization, and business growth from Marie Torossian CPA. Practical insights for $3M+ service-based companies and real estate investors.

Welcome to the Marie Torossian CPA blog—your resource for strategic financial guidance, CFO insights, and accounting expertise tailored for growing businesses.

Whether you're scaling a $3M+ service-based company, building a real estate portfolio, or navigating complex financial decisions, you'll find practical, actionable insights backed by our VALUEATION-MT® methodology and decades of CPA, auditor, and CFO experience.

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Staying on Track: The Importance of Monitoring and Adjusting Financial Plans

August 11, 20242 min read

In business, nothing stays the same for long. Markets fluctuate, new opportunities arise, and challenges emerge. Imagine setting a financial plan and then leaving it untouched for months or even years. Without regular monitoring and adjustments, your financial plan could quickly become outdated, leading to missed opportunities and potential risks.

Monitor and Adjust

To ensure that your financial plan remains relevant and effective, regular monitoring and adjustments are essential:

  • Continuous Performance Tracking: Regularly review your financial data to track performance against your plan. This allows you to identify any deviations and take corrective actions promptly.

  • Gather Feedback: Collect input from your team and advisors to gain different perspectives on your financial performance and potential adjustments.

  • Make Strategic Adjustments: Based on your reviews and feedback, adjust your financial strategies to stay aligned with your business goals and market conditions.

By continuously monitoring and adjusting your financial plan, you ensure that your business remains agile and capable of adapting to changes.

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