Accounting vs Profit Financial Alignment
Most small businesses books are done in such a way that aligns them to pay taxes not measure or improve profits. The key to successfully...
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Is Your Business Recession Proof?
With the talk of recession this year or next I thought it prudent to ask business owners the question: Is your business recession proof?...
Importance of A Competitive Advantage
One of the first questions I ask new clients is: WHAT IS YOUR COMPETITIVE ADVANTAGE? Believe it or not by have one may foretole your...
Using Quickbooks As A Profit Tool
Many small business owners use Quickbooks as a tool organizing the mechanics of a business, but fail to utilize it to ENHANCE profits. ...
Tracking the RIGHT Data For Your Business
Just like a house, without a good foundation, it will crumble. Well for profits, this is also true as if your to capturing the RIGHT to...
Business Resource Deployment & Insight It Lends
In light of a prior discussion on very high corporate debt levels, I wanted to point out that for the first time in 10 years share buy...
Matching Profits With Strategy
One of the first steps in our 5 Step Process for Higher Profits is to match what a business' Strategy is (ie competitive advantage, plan...
Strategic Shifts in Reaction to Economy
It's incredible that even the most sophisticated public companies fail to prepare for shifts in the economy & demand in their business. ...
Ending Housing Boom, Complacency & Planning
Its been increasing clear that the Housing/Construction boom is ending. It's also fairly clear that individuals tied to it as well as...
Using Data From Your Business Correctly To Boost Profits
Many client prospects I talk to when describing what we do say: "I already use QuickBooks so I have all the data to track my business...
3 KEYS TO BUSINESS SUCCESS
Key #1: Build on Experience Key #2: Competitive Advantage Key #3: Perseverance 3 KEYS TO SUCCESS. I just wanted to pass along my own...
Power of Auditing Expenses
One of the benefits of building a detailed financial model & forecast of business is to better understand the costs associated to...
Realestate: Better Prepared for Downturn?
I recently posed this question to a few executives and my conclusion is maybe. Every down turn is different, although it may share...
Proper Exit Strategy Planning
Most business owners fail to adequately plan a path for an exit strategy never mind creating a plan at all. What is common is to wait...
Capital Investment Decisions
Business owners in growth business have an addition burden placed upon them when deciding where their hard earned profits go. Depending...
The Right Perspective
Months ago I sat down with a new small business client & their bookkeeping/ tax accountant to begin creating a model & forecast ie a plan...
Construction Spending Drops
In yet another sign of a slowing housing market nationwide, the Commerce Department reported Construction spending FELL 1.7% in March...
Qualified vs Quantified Problems
Most business owners define problems and solutions that are QUALIFIED but rarely QUANTIFIED thus failing to optimize their profits &...
Insurance of Forecasting
I often run into & work with fellow consultants who often tell me that the main reason they are engaged in a client relati onship is to...
Identifying When To Invest
In a prior post ("Business Cycle Risk") I explained the importance of understanding what part of the business cycle a business operates...