BUSINESS CONSULTING

Ponzi Schemes: If It Sounds Too Good To Be True, It Probably Is

No matter how many times innocent people become victims to Ponzi schemes, it continues to happen both with alarming regularity and extraordinary costs. What are Ponzi Schemes? Ponzi schemes first evolved when Charles Ponzi began enticing innocent people to invest in something with the promises of an abnormally high return. Ponzi would explain the rationale [...]

2018-11-12T15:42:32+00:00August 22nd, 2018|BUSINESS CONSULTING, Uncategorized|

Understanding Terms Found in Common Business Interruption Policies

Hurricanes and other disasters – floods, earthquakes, tornadoes, and even cyber attacks 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 [...]

2018-12-03T12:00:11+00:00October 9th, 2017|BUSINESS CONSULTING, DISASTER RECOVERY|

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 [...]

2018-11-12T15:44:04+00:00October 1st, 2017|BUSINESS CONSULTING, DISASTER RECOVERY, OCTOBER 2017|

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 [...]

2018-11-12T15:44:13+00:00September 11th, 2017|BUSINESS CONSULTING, DISASTER PREPARATION|

Keeping the “Business” in “Family Business”

Managing the “family” part of a family business can be complicated — especially as your family continues to grow. Multiple generations mean added challenges, from ambitious siblings competing 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 [...]

2018-11-12T15:44:56+00:00May 1st, 2017|BUSINESS CONSULTING, May 2017|

Where to Start When Creating a Business Plan

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 [...]

2018-11-12T15:45:54+00:00February 20th, 2017|BUSINESS CONSULTING, START-UP BUSINESS PLANNING|

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 [...]

2018-11-12T15:45:55+00:00February 18th, 2017|BUSINESS CONSULTING|

Does Your Company Need a Rallying Cry? Pep Up Your Mission Statement

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 [...]

2018-11-12T15:47:26+00:00August 31st, 2016|BUSINESS CONSULTING, SEPTEMBER 2016|

The Importance of Diversifying Your Customer Base

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 [...]

2018-11-12T15:49:48+00:00January 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 [...]

2018-11-12T15:49:58+00:00January 22nd, 2016|BUSINESS CONSULTING, BUSINESS SUPPORT, VIDEO|

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 [...]

2018-11-12T15:51:18+00:00July 24th, 2015|BUSINESS CONSULTING|

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 [...]

2018-11-12T15:51:46+00:00May 23rd, 2015|BUSINESS CONSULTING, VIDEO|

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 [...]

2018-11-12T15:52:29+00:00January 1st, 2015|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 [...]

2018-11-12T15:54:44+00:00September 20th, 2013|BUSINESS CONSULTING|

Will a Swell of Baby Boomer Retirees Drown Your Business?

There is a tidal wave approaching. Well, a tidal wave of baby boomer retirees – and it may leave some employers dry of a good portion of their current workforce unless they take the necessary steps to ensure that they hire, train, and retain the talented young people currently in the employment pool. It’s estimated [...]

2018-11-12T15:56:05+00:00May 25th, 2012|BUSINESS CONSULTING|