Blog

CPA Beth’s bodybuilding dream becomes a reality… Flower Mound CPA and co-owner of Williams & Kunkel CPAs, Beth A Williams, placed as a newcomer in the Masters Bikini Division at The National Physique Committee (NPC) JTF Physique Championships held at the Irving Convention Center over the weekend. The contest was... Read more

Small businesses have a lot to manage, and often without a lot of resources to do so. The focus is on keeping the business running smoothly, pleasing customers, and making a profit. But in today’s digital world of non-stop news headlines reporting data breaches and fraud, making security a priority... Read more

Everyone deserves a break, especially those who work hard trying to a get a business off the ground. A recent survey found that three quarters (76%) of small business owners and entrepreneurs skip their holidays in order to keep their business running smoothly. But while there may never be a... Read more

What are the Strategic Planning Steps? The Strategic Planning Steps business management system is an organizational tool that is used by groups and corporations globally to refine their goals and maximize their resources. Drawing from the concepts of strategic military planning, the Strategic Planning process is one way in which... Read more

It’s never too early to start succession planning in a family business. Here’s a story… …From the moment the Yung Kee restaurant sold its first goose in Hong Kong, in the 1960s, its founder Kam Shui-fai groomed two of his sons for management roles. However he never had the time... Read more

Staff motivation should always be on top of your priority list because a business thrives when it’s people thrive. If they’re not motivated – if they don’t feel as if they’re adding value and are indispensable within the team – then your business is at a huge disadvantage. It’s a... Read more

The Trinity of Management is a simplified concept of basic business management. Coined and trademarked by Ernesto Sirolli, it makes it relatively easy to get across the basics of business by creating a framework in which we can start the work of building a solid new business or expanding an existing... Read more

It used to be that you’d finish high school and quickly move in one of two directions…. …you either enrolled in a four-year college to work towards a degree, or you got a job right out of high school and never looked back. Enter the modern day, when more and... Read more

Owning a service business can be tough, and running a service business day-in and day-out can be even tougher. For many service business owners, building a service business stopped being fun a long time ago and somehow it mutated into a “job.” Here are 4 tips to help you scale your service... Read more

Running a business is not easy. It requires a lot of time, hard work, and sacrifice. If you operate your own small business, you’re likely all too familiar with the never ending to do list. Maybe you’ve even given up weekends and burned the midnight oil to make sure everything... Read more

If you’re thinking about hiring an accountant, you’ve probably discovered that you may need one for more than just crunching numbers. Today, many accountants strive to serve as small business financial advisors. Many of them want to be there for you at every stage of your business’s growth. Helping to write... Read more

Building a high-performance organization means successfully outperforming one’s competitors for the long haul. But…how exactly is this done? If you start by looking at key characteristics of high-performing organizations, a blueprint for achieving long-term success emerges. This can be mapped out in five steps, along with some commons traps to... Read more

It’s the middle of summer, and you’re stuck behind the desk at your small business — working and sweating. Your friends’ Facebook feeds are filled with pictures of them happily enjoying a drink on some beach. It’s no wonder you’ve lost that loving feeling for your own business. Falling out of love with... Read more

Each new financial year is a common time for people to reconsider their approach to their business. Whenever we meet a business owner, we like to ask about their business model and what they are looking to achieve in the next three years. It’s rare to get a concise response... Read more

It’s important to thoroughly vet a process before going to all the effort of changing your business. Checking in with important stakeholders and customers is a critical step to undertake before the change effort. Sometimes we live in our own little world even though we’re surrounded by plenty of team members... Read more

What’s a team without trust? Mary Scannell, author of “The Big Book of Low-Cost Training Games” and several other team-building books, says a lack of trust among team members is a major concern for many managers she consults. “Everybody’s just clamoring for ‘How do we build more trust on our team?’” she says. “Well, you... Read more

The dog days of summer can be a time for retooling and opportunity. Although it can be hard trying to keep a business running, there’s still hope for growth. Here’s a list of tips for small business owners who want to turn downtime into opportunity. Conduct a mid-year goal review... Read more

Helping your business reach its goals for success is within your power. Boosting productivity and efficiency gives small businesses a competitive edge and can often mean the difference between thriving or barely hanging on. Though increasing efficiency can be hard at times, finding small ways to boost your team’s productivity... Read more

What makes an excellent team?  Diversity, an entrepreneurial spirit, and ambition are some of the key ingredients of a successful team in any industry. Gathering talent from a variety of backgrounds can better ensure that all kinds of tasks get done by qualified people. Promoting a culture of creativity and... Read more

Entrepreneurs need to be effective team leaders… …..since no one can transform an idea into a product and a business without some help. Fortunately, team building is a skill that can be learned and practiced, for those willing to put in some effort. Take a look at this checklist as... Read more

Hiring your first employee is a big step. You’ll want to make sure that you help your new hire to maximize their performance. We suggest following four steps that are simple, but time tested: 1. Set the right goals Goal setting is essential. It helps employees to prioritize their activities and... Read more

Nurturing clear strategies for growth Effective growth plans are built from a targeted strategy that builds sales and profit  by channel, customer, and product to identify what can be achieved. These plans are usually more realistic and will include a new customer or new product business pipeline to define potential... Read more

The Power of Drafting an Annual Business Plan ….If you want to grow, one of the most important steps is to develop a plan for growth — and then make planning an ongoing process of your company. Remember: You can’t reach a goal you haven’t set. It’s planning that’s important,  not... Read more

Four Ways Technology Can Help With Bookkeeping Does it seem like every time you plan to work on your business’s books , you get distracted? Well, if so, you’re not alone. Tackling the books is one of a business owner’s biggest headaches. Luckily, there’s technology that can help any business... Read more