Resources
Guide to Fractional CFO Services
CFO’s Small Business Financial Report Guide
Articles
Flowers and Profits – How One Small Business Owner Manages Through His Bank Account
I was sitting in a local chamber of commerce meeting this past February where the discussion topic was how to attract more young employees into the workforce. The businesses in this local community were having a particularly hard time finding people to fill all of the hourly wage jobs available. At the end of every
Bid Ideas for Small Business: Scaling Your Small Busiess Doesn’t Always Lead to Profit
The ride-sharing company Uber had its initial public offering (IPO) in May 2019. Depending on how you calculated their valuation, the Company was worth between $75 and $82 billion. As I write this article on July 21, 2019, their current valuation is still around $74 billion. What made their IPO interesting was that a variety
6 Signs You Need An Accountant
My first contact with a potential client is usually a quick introduction call. On this call, I love to learn more about the owner and their business. I pepper them with questions to learn how I might be able to help them most. Small businesses are fascinating to me and I love hearing owner’s stories.
12 Rapid Fire Ways to Increase Profit in a Small Business
As a small business owner, I know that you have nights that you lay in bed thinking about how to increase the cash flow from your business or what your current bank account balance is. One of the most common questions I get is “How can I increase the profit from my business?”. The great
What is Your Profit Formula?
As a business owner, I know that profit can be somewhat a philosophical discussion. If you’re like some of the business owners I talk and work with, the profit you show at the end of the year often doesn’t correlate with the amount of cash the businesses generated for your pocket. Jim Culhane of Quality
The Business Owners Guide to Analyzing Your Small Business Income Statement
Small business owners hate reviewing their financial statements. A combination of it being a reality check and the general disdain for numbers give owners heartburn at even the thought of reviewing an income statement. Small business owners generally don’t have an interest in accounting (only us weirdos do). Besides, most business owners know exactly where
Big Ideas for Small Business – Budgeting for Profit
Tom and Alexis Leonard had dreams to be entrepreneurs. However, like most people, they were stuck at a point in life where they needed to live off of both of their incomes. Tom was an engineer whose job had little flexibility. Alexis worked from home as a sales rep for a wine distributor. After the
Accounting + Marketing: 3 Ways Your Accounting Should be Supporting your Marketing Efforts
In my opinion, there may be no other area that small business owners are missing out then integrating their accounting and marketing. The wealth of information that accounting data can provide to small business marketing efforts can help save money and be more effective. I know there are a lot of jokes out there….mixing accounting
4 Ways to Drive Revenue Growth
I talk with many business owners who tell me their goal is to increase their revenue by X% next year. “Great, how are you going to do that?” is usually my response. Many of these owners haven’t really thought through a solid plan to increase their revenue. The response is often a new marketing method
Accounting Insight and Business Transition Planning
I always dread admitting that I should have paid more attention in economics class in college. Of course, it didn’t help that it was a 7:30 AM class (on Friday’s no less). It is amazing how much in the world equates down to the simple concept of supply and demand. Business owners of all sorts
The Accountants Legacy
The internet is not short on many things and Warren Buffett quotes are one of them. There is one specific quote that Buffett said that accountants and financial professionals love to use. Accounting is the language of business Warren Buffett BAM! Us accountants have been telling you how important we are for years and now
Accounting + Employees: 4 Benefits to Offer Employees Without Breaking the Bank
Most small businesses I know are always trying to attract great people, but can’t necessarily offer the same “perks” as larger companies. This puts them in the tough position of trying to attract these great people however needing to be creative in the offerings they have. The good news is perks and pay are not