NEWS & UPDATES

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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...

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. ...

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. ...

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...

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...