Category Archives: Advisory

How to Keep Your 2016 Business Action Plan on Target

How are you progressing toward the plans you set for your business this year?  Most all business owners and management teams start each year with a set of goals/objectives they intend to achieve for the year.  Those goals/objectives are supported by strategies, and those strategies are supported by action plans.  Now that we’re about one-third of

What Are the Key Resources That Drive Your Business?

In one of my all-time favorite business books, Business Model Generation by Alexander Osterwalder and Yves Pigneur , they discuss the key resources that drive business. I really enjoy this topic because it speaks not only to the financial assets that a company owns, but also to the non-financial resources as well.  Many accountants understand

How Are You Generating Revenue From Your Customers?

One of my all-time favorite business books, Business Model Generation by Alexander Osterwalder and Yves Pigneur, discusses revenue streams, or the money a company generates from customer relationships and customer segments. When evaluating your company’s revenue streams, there are a few key questions to consider: What do your customers value? What do they currently pay

How Do You Know If You Have the Right CPA?

Whether you’re manufacturing high-tech parts, distributing food products, or building luxury homes, growing a business is all about relationships. Building and growing your network is so important that “it’s not what you know, it’s who you know” ought to be the official motto of small/medium sized business owners and entrepreneurs everywhere. But the importance placed

3 Ways Inaccurate Financials Are Preventing Your Business from Getting to the Next Level

What would happen if you were driving down the freeway and your speedometer wasn’t telling the truth? What if you were actually traveling faster than you thought? It wouldn’t be long before you had some blue lights flashing in your rearview mirror. And what if your fuel gauge wasn’t quite right? You could be speeding

Planning For a Smooth Leadership Transition During Business Succession

It’s never too early to start thinking about a succession plan. Whether retirement is years away or just around the corner, you want to protect the value of your business by ensuring that any leadership transfer will be smooth. Begin exploring the process by considering the following issues: Employee buy-in. A successful succession hinges on