Oct 17 A Simple Way to Spot Issues in Your Financial Statements Most CPA’s seem to start with the assumption that a business owner should know how to read a financial statement. When a client has a question about their business or cash flow, a CPA’s typical response is “well, you need to review your financial statements each month.” I’ve worked with enough business owners to understand […] Read more
Sep 25 The Quickest Ways to Go Out of Business Most entrepreneurs love sales. The more sales the better. They use words like scale and velocity and other fancy terms for growth. But in the “real” day-to-day world of starting and running a business, sales are sales, no matter what you prefer to call them. And chasing sales for sales sake is a sure-fire way […] Read more
Sep 12 Bookkeeping That Will Transform Your Business Is one of the most mundane parts of your business the bookkeeping? You work 80 hours a week, then dread sitting down for 4 hours on a Saturday to catch up the accounting – entering bills, invoices, payments, deposits and reconciling accounts. Fun… So you hire a bookkeeper to come in and do your bookkeeping. […] 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
Jan 03 How To Get More Cash For Your Business In 2014 Ah, cash! I love having cash in my business, don’t you? I know it’s a cliché, but if you own a business, you know cash really is king. It’s stressful when it’s tight, and people don’t really know what it’s like to worry about having to meet payroll or pay rent. So, here are a […] Read more