Managing franchises is a difficult, involved process. Franchisors feel the understandable need to focus on growth, and that can mean trouble with prioritizing finance or accounting strategies. Often, the first many hires a franchisor makes are marketing or sales professionals. This preoccupation with growth can mean that franchisors get ahead of themselves and fail to […]
The Accounting Department for Franchising Companies Read More »
Every business owner is aware of the concept of cash flow. It is, afterall, the ultimate measure of how a business is doing. The ways that your small business spends and makes money are probably always on your mind. Accounting for cash flow is one way you ensure your business is successful. I believe the cash
The Cash Flow Statement Primer Read More »
While starting a business can be exciting, finding investment is often filled with uncertainty. What you might not know is just how important the right investor partnership could be for your small business. According to a study from the Harvard Business Review, investor money “has become an essential driver of economic value”. What specifically does
How to Find Investors for Small Business Read More »
The structure of a small business is often intricate. Finance and accounting teams are made up of many roles with different levels of authority and responsibilities. As such, it can be difficult to pinpoint the exact tasks of any given position. Small business owners are often confused when they try to determine the difference between
Demystifying Accounting Roles: CFO and Controller Read More »
Ask anyone who started their career in public accounting, and they probably don’t have a strong impression of QuickBooks. However, ask any business owner, and you get a different answer. Luckily, I have experience with QuickBooks from both the service provider and business owner perspective. This article will help you determine if you should be
QuickBooks Alternatives: 5 Situations Considered Read More »
Selling on Amazon hold great potential for manufacturers. However, the unit level economics must be considered.
The Amazon Pricing Equation Read More »
The Employee Retention Credit is a huge opportunity for small business owners. The problem is no one knows about it.
A Primer on the Employee Retention Credit Read More »
Congress released text for the second stimulus bill today. Hopefully, the bill will be voted on (and passed) in the next day or two. The bill is full of several items that impact small businesses. I won’t cover all of them in detail here. I will cover those that you should be aware of and
Payment Protection Plan Round 2 Read More »
Food manufacturers have had a challenging 2020. With pandemic shopping being all of the rage, one would think the food business is booming. However, there have been two trends that have worked together to tamp down many food manufacturers – I work as an outsourced CFO for multiple clients in the food manufacturing and retail
The Current State of Food Manufacturing and Three To-Dos for 2021 Read More »
The election has provided some clarity about what the future administration will look like. Unfortunately, we still have very few details regarding if/what/when the next stimulus package will be. Many people are calling for additional stimulus. With Small Business confidence at an all-time low, it would be hard for Congress not to pass some additional
Projecting the Next Small Business Stimulus Read More »
