What do Prospective Buyers or Loan Institutions Look for in Your Company?

We often get asked this question and no matter what type of industry a business operates in, the answer is the same. Prospective Buyers or Loan Institutions initially look for increasing revenue and profits along with assets higher than liabilities. Who wants to give money for a company that owes more than it has? If […]

How to make advertising work for your business

These are the lessons I have learned over the 25 years in the accounting field. Marketing shouldn’t ever be cut from the budget. If thought out properly, marketing can make your business succeed beyond your expectations. If done haphazardly, you are throwing money down the drain. If you are going to advertise your business, you […]

What do Blockbuster and Borders have in common?

Companies like Blockbuster and Borders couldn’t match the lower prices or service of online retainers so they filed bankruptcy. Being a successful business owner means you know how you compare to your competition, what makes you different, you know your profit margins by revenue segment and you are on top of your collections. This knowledge […]

Welcome to 2015! Here is some information you should take note…

The 2015 business mileage reimbursement rate is $.575 per mile up from $.56 per mile in 2014. Also, the new minimum wage for 2015, effective January 1, 2015, is $8.05 per hour. Tipped employees direct hourly wage is $5.03 per hour as of January 1, 2015. The employer mandate under ObamaCare has been delayed for […]

Quick tips for increasing cash flow

Here are a few tips to increase your cash flow: -Minimize Accounts Receivable by billing timely, using incentives to get customer payments faster and follow up on collections -Keep inventory at a manageable level -Look at your customer base and focus on your most profitable products/services -Great Customer Service=More Sales -Require at least 50% payment […]