Small Businesses Lessons from Public Companies
While sitting with a client recently, we needed to solve a problem – they needed aluminum cans. Production was being constrained by the lack of aluminum…
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4 Metrics Any Business Owner Should Review Monthly
Part of the problem with financial statements is they do not tell the whole story, metrics wise. Each financial statement tells part of a story. One…
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Financial Reporting Falls Short of Todays Entrepreneur’s Needs
From day one, a business owner has been told they need to care about the financial statements. If an owner attended business school, most classes reinforced…
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3 Best Practices on Price Changes
In my opinion, business owners worry too much about the impact of price changes on their customers. I have a client who has not raised prices…
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Is Your Franchise a Good Investment?
Of the 3,800 concepts that are currently franchising, over 25% have 0 franchised units. Going up to the next tier of 1-25 units, you’ll find another…
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You Could Be Losing Big If You Aren’t Tracking Marketing ROI
No matter the size of your business, you are most likely spending money on marketing. In total, companies in the United States spent $2.1 trillion on…
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Demystifying Financial Modeling
Most clients I talk with don’t realize that financial modeling is usually just a financial tool that is created in Microsoft Excel. When I first bring…
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A CFO and Bookkeepers Role in Restructuring Finances
The COVID-19 virus has created an economic crisis that is unique. While many have seen a financial crisis before, we have not seen one that has touched…
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From Bookkeepers to CFOs: A Primer on Small Business Accounting
Growing a business is hard, and there are many documented reasons why. However, there is a reason that you don’t see discussed as often. Smaller companies…
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Understanding Finance Options for Franchise Prospects
In early 2020 I was talking with the franchisor of a gym concept in Texas. Let’s call the franchisor Dave to make things easier. “Dave” and…
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What is Your Franchise Worth?
Andy Bell was tired of the corporate world after 17 years in the food and beverage industry. In 1998, he founded his own franchise Handyman Matters in…
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Is Your Bookkeeping Creating Value?
A commodity is a basic good that is interchangeable with other goods of the same type. For example, silver is a commodity. That is not to say silver…
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