Tag: business basics

Where’s My Cash?

Cash flow

“The income statement that my accountant gave me says that I am making a nice profit, but I never seem to be able to have enough cash.”  Does this sound familiar? If this concerns you in your business, you are not alone. Here are some common issues that may affect the cash flow of a business:… Read more »

Award Winning Author and INC. Magazine’s Editor-at-Large Bo Burlingham to Keynote B2B CFO®’s Annual Meeting

Bo Burlingham

B2B CFO®, the nation’s largest CFO and Exit Strategies firm for privately held businesses, announced today that award winning author and Inc. Magazine’s Editor-at-Large, Bo Burlingham will keynote the National Partners Meeting to be held April 28-30, 2016. The invitation-only annual event that brings together all of B2B CFO®’s Partners from across the country along… Read more »

What Form Should Your Business Be (pt. 2)?

Flickr Pie Charts And Free Accounts

In my previous blog, I presented   In my September column , we looked at mistakes to avoid when forming a partnership. Many entrepreneurs, however, aren’t comfortable in remaining a sole entity and require a level of legal protection not afforded by a sole proprietorship. That leaves a corporation or LLC as the next most viable option… Read more »

What Form Should Your Business Be?

Flickr Pie Charts And Free Accounts

Basically, there are three forms that one can use to start a business:  a Sole Proprietor, a Partnership or a Corporation.  Of course,  there are variants to these forms. Brad Sugars wrote a couple of articles for Entrepeneur magazine about this. This blog is about Partnerships, my next blog is on Corporations. Avoid These 7 Partnership… Read more »

A Bookkeeping Program for Small Business

Bookkeeping programs

A bookkeeping program for small business is more than asking and answering the question “which software should I use?”  The accounting software is just the beginning of what a small, growing business needs to have in order to record the transactions, protect the interests of the owner(s) and help the business owner(s) achieve his/her goals. Here… Read more »

Do you have a written budget?

Every Paycheck Excel Spreadsheet

Some small business owners don’t see the need for a written budget while some have a budget but never look at it once it’s done.  Other businesses, perhaps your competition, have a written budget and use it to run and operate the business more efficiently.  The last quarter of the fiscal/calendar year is not the… Read more »

Crackdown on Misclassifying Employees as Independent Contractors

Hands That Are In Handcuffs

The Department of Labor and the Internal Revenue Service are both cracking down on the misuse and misclassification of employees as independent contractors (W-2 vs. 1099).   Following is an article written by B2B CFO® partner, Roger Kohl. Classifying employees as independent contractors is a hot button with The Department of Labor (DOL). It is anticipated… Read more »

Working Capital: The Good, The Bad, and The Ugly

Boy Dressed As Blondie

Working capital is the excess of current assets over current liabilities and is a financial measure of liquidity or ability of a business to meet its obligations.  Current assets include cash, accounts receivable, inventory and other assets that are expected to be converted to cash within 12 months. Current liabilities include accounts payable and accrued expenses… Read more »

World’s Simplest Management Secret

Keep It Simple Stupid

Here is a blog written by B2B CFO® partner Ray Rucksdashel.  I think it’s worth sharing. Whether you manage 2 people or 2,000 people; whether you manage clerical types or you manage senior-level managers, the challenge is the same – how do you motivate the people that report to you (your “direct reports”) to do what you need when you need… Read more »