As business owners, you are tasked with acquiring new customers, managing your team, and launching new products. Let’s face it. Most of us simply don’t have time to focus on our financial statements daily—or even weekly. However, businesses need an effective system for conducting operations, complying with tax laws and providing essential financial information—especially to… Read more »
Despite High Profits, a Cash Flow Focus is Also Essential
Whether your business is experiencing a high volume of sales and gaining notoriety in the market or struggling to grow, focusing on cash flow is essential to short and long-term success. If you want to have the finances to grow, it’s important to establish some smart cash flow strategies that will allow you to reinvest… Read more »
Prevent Loss by Watching for These Fraud Schemes
According to a recent Javelin study, $16 billion was lost to fraud last year. Much of that fraud occurs online and can easily happen through your company’s website, which can lead to costly charge backs from your bank. Because of this, it’s important for your finance and IT teams to be aware of common fraud… Read more »
Recession-Proof Your Business
Many economists predict the U.S. economy’s decade-long growth streak is set to hit a down side soon. Of course, as a college Economics professor once remarked, “Economists have predicted nine of the last three recessions.” That is to say the exact timing of a downturn can’t be precisely projected, but, as CEOs & Owners, we know economic slumps… Read more »
Increase the Success of Your Exit With a Master Plan
Did you know that 83 percent of business owners have no exit strategy? This alarming statistic means that a large portion of those owners will not be able to find a buyer or they will sell their business for far less than it’s worth. To avoid being one of the less fortunate, it’s best to… Read more »