Lost in Translation — Understanding Terms Found in Common Business Interruption Policies

Hurricanes and other disasters – floods, earthquakes, tornadoes, and even cyberattacks or power outages – can cause devastation to businesses and disrupt their operations. Business owners who have had to close shop due to an unexpected disaster should review their commercial insurance policies to determine if they have a business interruption rider. While reviewing an [...]


Business Interruption Claims Can Help Businesses “Resume Flight” Following Unexpected Disaster Delays

If you’re traveling somewhere by airplane, perhaps one of the worst things that can happen to you at the airport is missing your scheduled flight. Your two big questions are probably: When can I get on the next flight and resume my journey? and, How much money is missing that flight and getting on a [...]


5 Steps to Help in Disaster Preparation

Backup electronic accounting records. Accounting records can include anything from accounting software to spreadsheets that are used for budgeting. Consider subscribing to a cloud-based storage service, or — at a minimum — store your backup data in multiple locations. Backup electronic records regularly to ensure data remains current and easily recoverable. Protect computers and [...]


Protecting the Coat of Arms: Keeping the “Business” in “Family Business”

Managing the “family” part of a family business can be complicated — especially as the guild grows. Multiple generations mean added challenges, from ambitious siblings jousting for a position to the older generation crusading against health and succession issues. Mix in marriage, divorce, children, and more children, and suddenly the family business is much different [...]

May 1st, 2017|BUSINESS CONSULTING, May 2017|

Where Do You Start Business Plan Creation?

Business plans can be overwhelming at the onset. However, if you answer some simple questions before beginning, then you will avoid major headaches and save on your Tylenol expenses. So take time to consider the below money-saving  parameters for business plan creation. What is the purpose of the plan? Identify the purpose as briefly and [...]


Small Business Compliance: Are You Sticking to the Law?

Regulations and red tape can sometimes rip the fun from running a business – regardless of the size of the entity. Just like a large corporation, small businesses risk fines, penalties, and negative tax implications if they do not stick to the necessary rules. So read on for our tips and tricks regarding four major [...]

February 18th, 2017|BUSINESS CONSULTING|

7 Tips for Business Luck in 2017

Help your business ring in the New Year with a strong financial and operational foundation.

December 20th, 2016|BUSINESS CONSULTING, JANUARY 2017|

Does Your Company Need a Rallying Cry?

Walk into the offices of any Fortune 500 company, and you may see a mission statement — words that define the company’s vision, values, and purpose – prominently displayed. It may be in the lobby. It may be in the boardroom. But you more than likely will find one. Nike’s mission is to “bring inspiration [...]


Customer Base Diversification Importance

Let's discuss the importance of customer base diversification. The saying “don’t put all of your eggs in one basket” might be out of pace with modern society, but the wisdom behind the statement still stands. For businesses, it’s similar to putting all sales expectations and company potential into a single large client. When a company [...]

January 25th, 2016|BUSINESS CONSULTING|

Buy or Lease – That Is the Question

Should I buy or lease? When a business needs to obtain assets (e.g. major piece of equipment, building, vehicles), the question of buy or lease is often asked. Watch Louise Anderson and Jeff Bridges discuss operating leases, financing leases (capital leases), and options that are typically best for start-up businesses. Plus, be sure to [...]


4 Things Small Business Owners Can Learn From Uber’s Drive into a Worker Classification Jam

A California Labor Commissioner recently ruled that a driver for Uber Technologies, Inc. should be put in the lane of an employee of the company versus an independent contractor. Meanwhile, in a separate worker classification matter, a U.S. District Judge allowed a lawsuit by two Uber drivers to proceed in court—rejecting Uber’s arbitration attempts. Uber [...]


Should You Adopt Private Company Council Accounting Alternatives?

In an attempt to simplify accounting for smaller private companies, the Financial Accounting Standards Board (FASB) created the Private Company Council (PCC) to determine accounting alternatives. Private companies may be able to save time and money by taking advantage of accounting alternatives related to goodwill, interest rate swaps, common control leasing arrangements, and [...]


15 Business Finance Tips to Help You Build a Better Business

Now that the echoes of “Auld Lang Syne” have faded away, it’s time to get back to the business of building your business. As you’re making your list of New Year’s resolutions, consider these recommendations for the 15 priorities that will help keep your business healthy. 15 Business Finance Tips Plan now for your exit.Your [...]

January 1st, 2015|BUSINESS CONSULTING|

Diving into Competitive Intelligence

All too often, the competitive efforts of many companies are internally focused. These businesses seek to develop better products and services without knowing enough about their competition. To truly hone an advantage, business owners need to constantly evaluate their competition. And the best way to get answers is through the practice of competitive intelligence. Assess [...]

November 25th, 2014|BUSINESS CONSULTING|

Time to Celebrate: Improving Chances of Business Loan Qualification

Someone break out the champagne! The American economic landscape is finally bubbling along once again, and many businesses are finding reason to celebrate. Further, most are getting serious about growth and additional investments in the company - leading to questions about business loan qualification. According to the 2014 Capital Markets Report generated by Pepperdine University, 89% of [...]

October 25th, 2014|BUSINESS CONSULTING|

Don’t Sink the Battleship: How to Ensure Fair Compensation

Family business owners often face some difficult decisions when setting a pay scale that’s fair to both family and nonfamily member employees. To help ensure everyone is a winner, owners should follow the Milton Bradley rule book approach to compensation package guidelines. Understanding the Fair Compensation Game Board Compensation issues in a family business are [...]

September 25th, 2014|BUSINESS CONSULTING|

Don’t Be Late for the Corporate Minutes Review Date

Those dreaded five words: Let’s do a corporate minutes review. While that idea may rival in excitement with cleaning out the break room refrigerator, letting them slip could unnecessarily expose your business to significant risk. So let's prepare now for a corporate minutes review. For a C-corporation, S-corporation, or limited liability company (LLC), state laws may [...]

February 1st, 2014|BUSINESS CONSULTING|

6 Ways You Can Help Your CPA Help You

As with all good marriages and lasting friendships, the relationship you have with your CPA is a two-way street and its success is based upon regular communication.  To maximize the benefits of your CPA relationship, make your CPA an integral part of your management team.  Don’t let tax time be the only time you see [...]

September 20th, 2013|BUSINESS CONSULTING|

10 Tips for Business Insurance Renewal

Business insurance renewal is probably not your favorite subject, but one that’s extremely important if you’re a business owner. After all, without the right kind and level of insurance, your whole business might be at risk. This riskiness means that when it is time to renew your insurance, it often pays to not just automatically [...]

August 26th, 2013|BUSINESS CONSULTING|

Why Should You, the Business Owner, Volunteer?

Your time is at a premium: pressing business decisions to be made every day, employees needing your leadership, and clients or customers demanding your attention and input. Every hour of every day is a balancing act of work and life, so why (with everything else on your plate), volunteer? The first step is viewing becoming [...]