Although it might not always appear in the job description, today’s accounting professionals are playing major roles when it comes to risk management for their companies. One report from American Express and the Global Business and Spending Monitor indicated that 85 percent of financial executives reported having increased influence on risk management in their companies […]
Why should a small business outsource accounting? Many business owners are wearing a number of hats—including some that don’t fit all that well! While it makes sense that an entrepreneur would want to be involved in every aspect of their business, this is not an arrangement that typically works well for very long. While the desire to be
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Do you know if you are making a profit from all your clients? Many businesses are losing money on some customers…are you? Following are 4 reasons to make profitability analysis work for your business: Reason 1: How expensive is your customer? Does your business know the costs directly attributed to providing products and services for every customer?
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Do you know how to improve employee retention? A recent study found about 80 % of companies reported issues with employee retention. Fact is talented employees are in demand. And with an employee’s average job stay at less than five years, people who are going to stick around are rare. Turnover means tangible costs that
Employee turnover can be a big cost for any business. Research shows that thousands of dollars are at risk when they lose a valuable employee. It’s not just the cost of recruiting it’s also the lost productivity as the new employee gets up to speed and fill the shoes of the previous employee. Avoiding turnover
Big, multi-national corporations have Chief Financial Officers (CFOs) on their management teams. CFOs are playing major roles when it comes to risk management for their companies. This is not particularly surprising, given that many companies took such a huge hit during the last downturn because they had not been careful with their finances. Now, your
How An Advisor Helps Manage Risk In Your Business Read More »
One of the most important things business owners and managers need today is an ability to obtain analytics about their business as well the marketplace. No longer a nice to have, it is truly an essential for success. In the past, managing day-to-day financial matters was mostly transactional. Over time, however, it has evolved to
An unplanned past for any business leads to an unclear present and an underestimated future: What is an unplanned past for a small business? A foundation that lacks professional and experienced advice A lack of supporting tools for growth and maintenance A lack of documented policies for business operations A missing 360 vision of managing
Small Business Growth: Unplanned Past, Unclear Present, Underestimated Future!! Read More »
So this is Year End And what have we done? Another year to be over And a new one just begun And So this is Year End I hope we have fun The tax and audit files The old and the young A very merry Year End And a Happy New Year Let’s
Is your business thriving because of “Do it yourself” app? Why is it that most answers are “NO”? Business owners need to understand the limitations of the “apps” they are trying to rely on to grow and manage a business. A software solution does not replace the advice of an expert. Most e-commerce solutions offer
Small Business Growth: “Is there an app for that?” Read More »
