How should accounting and finance interact with other areas of your business? Too often the finance team operates in a bubble. Here, we look at how to merge accounting and finance concepts into other functional areas of your business.
Tesla is a company that evokes emotion in some. If you are a short term investor, that emotion is often confusion and bewilderment. The company has made long-term investments while shrugging off short term profits. As a result, Tesla has posted huge losses. Still, its largest shareholder, Elon Musk, continues to invest millions of dollars
So Much Confusion About Strategy Read More »
In November 2019, Dan had finally had it. He had franchised a fitness concept that had never taken root. He was franchisee #3 within the system. It was a small system, which is what Dan wanted. What it lacked in size, he was convinced it would make up in individual support. As I sat having
Financial Coaching for Your Franchisees Read More »
According to the Small Business Administration, 70% of businesses are owned and operated by sole proprietors. While that is a huge percentage, it still leaves a 3 in 10 chance that your business will have more than one owner. It’s almost impossible to say how many of these non-sole owner businesses started out with one
5 Considerations For Bringing in a New Partner for Your Small Business Read More »
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
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
Accounting Insight and Business Transition Planning Read More »
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
Accounting + Employees: 4 Benefits to Offer Employees Without Breaking the Bank Read More »
Keeping your books in good order isn’t something a small business owner should do solely as a tax-savings strategy. It is true that small business owners miss billions of dollars of deductions each year due to messy books which often don’t include a complete detail of all expenses (yes, those $5 receipts you’re missing add
One Great Idea: Bookkeeping Read More »
If you are a service based small business, you more than likely can measure the utilization rate of your employees. At a basic level, utilization rate measures what percentage of your employees time is spent on work that is billable to a project or client. Your accounting of finance department should be able to track
Accounting + Utilization Rate For Your Small Business Read More »
