You are probably aware of the analogy that compares business ownership to pieces of a pie: The ownership of modern small and medium-sized businesses is often divided among investors, founders, employees and management, among other parties. Each of these parties owns a piece of the company’s pie, as the analogy goes. How can a business […]
What is a Cap Table and Why is it Important? Read More »
While the sea change of COVID-19 has affected nearly all sectors of the economy, it has been especially impactful to small and medium-sized businesses: According to a survey from Goldman Sachs 10,000 Small Businesses Program, nearly 2/3rds of small businesses have responded to the pandemic by pivoting to new revenue sources or adapting to different
How Virtual Controllers Can Create Value for Small Business Owners in 2021 and Beyond Read More »
Don’t Drown in KPI lists – Here are 4 To Implement Today Most business owners have almost certainly heard the term “key performance indicators,” or KPIs. Small business KPIs are quick ways for owners to shortcut their financial statements and understand the health of their small business. What exactly are KPIs and why are they
The Essential KPIs Your Small Business Should Be Tracking in 2021 Read More »
Throwing out half of a palette of expired lettuce is often part of the job when managing a small to medium-sized manufacturer, and it may not seem like a big deal. The costs of spoilage can add up, though. In fact, inventory spoilage accounts for over $35 billion in costs to small businesses every year.
Inventory Spoilage for Food Manufacturers 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 »
I often read articles that point to characteristics that help some be better equipped to own a business than others. I work with enough business owners to know that people with all different types of strengths can succeed. However, no matter the skill set, there are two traits all business owners seek – answers and
An Owner’s Guide to Financial Reporting Read More »
“How can that be my net income?” “I didn’t make that much, check my bank account?” “This income statement makes no sense to me” I have sat with many business owners and heard these lines seem time and again. Their income statements make no sense. It’s no wonder many owners look at what accountants do
Why Your Income Statement Doesn’t Match You Bank Account Read More »
Many would be surprised to learn that there was little science to flight combat during World War I and II. In fact, the beginning of thinking of how to develop pilots into better pilots didn’t being until the 1950s. If it weren’t for the work of John Boyd, it may not have begun until several
How to Win in a Fighter Jet and in Business Read More »
