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
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
Small Business Coach: Summer Reading List
The right words of advice can get you closer to a goal. They can also inspire you to be a better leader. Josh Linkner is the author of the best-selling “The Road to Reinvention,” which urges businesses to go beyond the status quo for success, as well as a relatively new book, “Hacking Innovation,” which explores how insights from computer hackers can … Read More
CPA Business Consultant Asks: Are you a Leader or a Manager?
Does a Small Business Need Leadership or Management? The answer is both. Have you ever heard the expression “Too many generals and not enough soldiers?” Well it can work both ways. Too many soldiers without a strong general will surely find themselves fighting the wrong battles. Businesses with too many leaders fail from their inability to manage. Likewise companies with … Read More
Flower Mound Business Consultants Help With Cash Flow Management
According to a U.S. Bank study, 82% of businesses fail because of cash flow problems. However, is there a way to avoid catastrophe altogether? While the occasional “surprise” or economic challenge may be unavoidable, small businesses can manage their cash flow with smart practices. Below are five tactics that can help small business stay ahead of cash flow problems. Flower … Read More
CPAs Can Measure Financial Health Of A Business
Did you know CPAs can measure the financial health of a business? If your sole measure of financial performance are the sales you generate or your account balance—you’re missing out on a lot of helpful information about your business. Financial statements and metrics are more than just numbers that go up or down month after month. They tell a story about … Read More
Small Business Consulting: Restore Your Energy After Taxes
Looking for a few tips to revitalize your personal energy after the tax season is over and get ready for the summer? Some of these small business consulting tips are so easy and simple you might think they won’t do anything for you. As you read, check to see which ones have slipped from your current daily routine. 5 Tips to … Read More
Tax Preparation Tricks or Scams To Avoid This Year
For the last three years or so, the IRS has given a name to the most common and dirty schemes to cheat either taxpayers or the nation’s treasury. They are called the “The Dirty Dozen.” This year, half the dozen are scams by third parties that attempt to rip off taxpayers. The other half are taxpayer attempts to rip off … Read More