Author Archives: Whittaker

With Proper Planning, Taxes Can Be a Controllable Business Expense in 2017

Thanks to the tax laws enacted late 2015, your company’s tax liabilities can actually be viewed as a controllable expense, rather than something over which you have no control whatsoever. For the past several years, the uncertainty with regards to tax laws cast a long shadow and hindered our ability to undertake proper, effective tax

Which Key Performance Indicators Should Your Business Be Monitoring?

When you get behind the wheel of your car, you’ll see a row of gauges on the dashboard that give advance warnings of potential problems with oil pressure, engine temperature and other measurements. These gauges enable you to spot signs of potential danger at a glance and take corrective action. Likewise, business owners should monitor

The Death Grip of Managing Your Business (and How to Release It)

Are you a business owner with no work life balance? Are you always at work? Thinking about work? Worrying about work? The fact is, that’s no way to live your life. It’s not healthy, and what’s more, it can have a detrimental impact on your business. Sooner or later you’ll physically and mentally burn out,

18 Value Drivers That Increase Your Business’ Value

According to the annual Business Reference Guide written by Tom West, 70-80 percent of businesses do not sell.  One of the reasons this happens is because many business owners focus on current income generation as opposed to building the value of the enterprise.  Profit or income does not automatically translate to enterprise value. Enterprise value

Designing Your Business to Meet Your Financial & Personal Goals

Very few businesses start ‘with the end in mind’ and design it from the ground up. Most businesses grow by default with people, systems, culture, clients, numbers, habits and attitudes. If you take a good hard look at your business today, is it exactly what you want it to be? We would suggest that you

Why Forming a Mission Statement is Critical to Your Marketing Strategy

If you don’t know the answer to this question, your customers surely won’t either. More importantly, if you don’t know, you won’t be able to tell your customers why they should choose you over your competitors. Answering this simple question is critical to forming a mission statement and creating your marketing strategy. Undoubtedly when you

3 Steps to Performing Your Breakeven Analysis

Finding out what sales volume you need to achieve to at least breakeven is critical to managing your business. Once you know what your variable costs and fixed costs are, finding your breakeven point is easy. Variable costs are directly related to your sales levels in dollars or units sold. For example, materials and supplies,