Business Owners’ Financial Reporting Checklist

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 »

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… Read more »

Employee Theft- Is it Happening to You?

Employee theft is more serious than you think—and is rampant in small to mid-sized businesses. It never ceases to astound people that a trusted employee could steal from you. Sadly, most fraudulent activities take about 16 months before they are even detected. After the Enron debacle, Congress passed “Sarbanes Oxley” to tighten the responsibility of… Read more »

Borrowing Money For Your Business? Critical Steps to Obtain Business Loans

One thing is for sure, many business owners are feeling optimistic about the economy and the current and future health of their business. With economic growth reaching an average of 3% in recent quarters, and consumer confidence at historic high levels, put together, you have ideal conditions for business growth opportunities. When opportunity knocks, not all Owners… Read more »

Accountability

“Accountability” The 4th of a 4 Part Series on the Key Focus Points in Running a Business In a recent post, I mentioned the 4 key ingredients in a recipe for small business success and talked about the importance of Cash Flow- “Cash is King”, Strategic Planning the value of Information vs. Data. Cash Flow… Read more »

Information- not data

“Information- not data” The 3rd of a 4 Part Series on the Key Focus Points in Running a Business In a recent posts, I mentioned the 4 key ingredients in a recipe for small business success and talked about the importance of Cash Flow- “Cash is King” and Strategic Planning. Cash Flow Strategic Planning Information-… Read more »

Strategic Planning

“Strategic Planning” The 2nd of a 4 Part Series on the Key Focus Points in Running a Business In a recent post, I mentioned the 4 key ingredients in a recipe for small business success- the importance of Cash Flow- “Cash is King” and how my Mom’s approach to cooking became part of me and consequently… Read more »

Cash is King

“Cash is King” The 1st of a 4 Part Series on the Key Focus Points in Running a Business Back in college, I missed my Mom’s home cooked meals so I would call and ask for recipes in hopes of recreating them myself. I was always amazed at how wonderful the food became with just… Read more »