Feb 19 Discounts Are Like Cancer As a business owner and entrepreneur, I understand the need for sales. Obviously getting that revenue is vital to the success of your business. And it’s easy to fall into the trap of getting revenue for revenue’s sake. When your ultimate goal is revenue growth, and you focus so intently on new business and new […] Read more
Jan 17 Relying on Just Your Profit and Loss Statement Will Make You Broke As a CPA, I meet with a lot of business owners, and it never surprises me when I hear them say “we have a profit, but I never have any cash!” It’s definitely a real concern…and there’s a relatively simple solution. First off, make sure your accounting is right. As the old saying goes, garbage […] Read more
Jan 15 Accounting is Sexy I know what you’re saying…”accounting…sexy…yeah right!” It’s the course in college everyone hated. It’s the mundane part of owning a business. It’s the countless hours you spend on evenings and weekends entering data. It’s used when you have the annual dreaded appointment with your CPA. Trust me, the list goes on and on, and I’ve […] Read more
Jan 25 Why Bookkeeping Is Vital… I can’t think of anything more boring for a business owner than bookkeeping! I don’t know many small business owners who really enjoy doing it. But bookkeeping is deceiving. It’s deceiving because it is so essential to your success – and not just entering numbers wherever you want, but having your bookkeeping done right. And […] Read more
Dec 11 When Should a Company Hire a Fractional CFO (Part-Time CFO)? Plain and simple, the best time is when a company needs to get the expertise needed at a fraction of the cost. Most small companies have many of the same needs to that of a large business when it comes to the finance and accounting function. The biggest difference is that they don’t need it […] Read more