Small businesses are lauded as the backbone of the economy, creating local jobs and opportunities. The outlook for these entrepreneurial efforts have been positive in the last few years. The Kauffman Foundation reporting last year that the survival rates of small businesses were at a three-decade high with 48.7 percent of businesses making it past their fifth year. Small businesses face unique … Read More
Questions To Ask Your Small Business Finance Advisor
Let’s say your business has grown to a point where you need to consider hiring a finance manager. Maybe your enterprise is now a middle-market company, big enough to justify giving your “numbers person” a bigger title. But how will you make sure that you’re getting what you need out of this key hire? Here are five thematic questions to … Read More
Flower Mound Business Coach: Holiday Marketing Tips
For many businesses owners, the holiday season is the most profitable time of year. This is nothing surprising. However, many aspects of holiday marketing have changed quite dramatically in recent years. If you’re using older methods, it will be difficult to keep up with the competition. Let’s look at some of the most significant changes in holiday marketing that you … Read More
DFW Accountant: Succession Planning
Becoming financially stable so you can live comfortably in retirement is a goal that many small business owners have. Fortunately, according to a recent Wells Fargo/Gallup survey, 82 percent of small business owners said they are currently saving or investing money toward their retirement. 76 percent said they think they’ll have enough money to live comfortably in retirement. While most … Read More
DFW Accountants: What Small Business Mistakes Can Teach Us
Just because you might be the best accountant, plumber, or chef in town doesn’t necessarily mean that you have all the skills you need to open a business. In fact, leadership itself is a skill – a set of behaviors that can be learned and improved upon. Since we can learn as much from mistakes as we can from successes, … Read More
Flower Mound CPAs: Starting New Business On A Shoestring
For those of you who want to start your own small business on the cheap, but are worried about seemingly insufficient funds, here are a few ways you can become a successful entrepreneur despite an almost non-existent budget. 1. Start With Home. With Apple and Facebook leading the pack, almost all small business owners begin by working from home. A … Read More
DFW CPAs Share Tips For New Businesses
Whether it’s ensuring your customers are happy or it’s perfecting your products and services, you’ll need to keep pushing on with a new business. With that said, there’s one area that’s often overlooked by small business owners: accounting. Even if you aren’t a financial expert, it’s absolutely necessary that you have some basic accounting knowledge so you can keep your … Read More
Flower Mound, TX CPA: How To Beat Small Biz Dog Days
This time of the year is the “dog days” of summer – sizzling temperatures, a slower pace. Unless you run a seasonal business that benefits from tourism, you’re probably finding that your business is slowing down during this season. The phones aren’t ringing that much. Foot traffic has slowed down. Major clients might be out of office on vacation and … Read More
Successful Small Business Leaders Offer Advice
Sometimes the most valuable advice comes from fellow small business entrepreneurs, not the CEO of a Fortune 500 company. Behind every business is a person, and behind every person is a story. That’s why we asked entrepreneurs to give their advice about the importance of serving their customers, their communities, and each other. Here are a few of our favorite … Read More
Small Business Coach: Know Your Clients First
For different reasons, individuals and small businesses rarely do a thorough background and credit check of their business clients. This creates a large information gap when it comes to knowing exactly who you’re dealing with. Small Business Coach: Know Your Clients First Everyday information about a business and even looking up reviews is easy to do. However, this type of … Read More