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
A Business Coach on the Power of Accountability
How important is accountability to the success of a company? Without it, a company cannot improve its performance. If each team member feels invested in the success of the business they are a part of, the sky is truly the limit. As part of our business coach advice, let’s point out five clear benefits where accountability is implemented in a … Read More
Grow Your Business and Fall in Love with It Again
Can you remember back when you first started your business? You were so excited about your business and the success it would achieve. Remember? And you got butterflies in your stomach when you were working out business plans? But then something changed. Maybe it didn’t go the way you planned. That’s okay. Hope is not lost. Here are some ideas … Read More
The Most Important Taxpayer Rights to Know
Most of you probably know that breaking tax rules, even if on accident, can bring serious consequences like an audit, but you should know your important taxpayer rights as well. Below we’re outlining what your rights are in case you run into a problem with the IRS. Important Taxpayer Rights The Taxpayer Bill of Rights, which the IRS adopted in 2014, … Read More
Four Ways to Grow Your Business
Four Roads to a Thriving Business According to most people, there are only four ways to grow your business: Increase the number of customers Get them coming back more often Increase the average spend Improve the effectiveness of every business process For instance, a local art gallery worked with their trusted CPA to improve their profitability significantly by running a … Read More
Start With a 4-Figure Income
Don’t worry about chasing the dream of having a 7 figure income. Start more reasonably. Try to focus on building a 4 figure income first. To Be Clear Yeah, 4 figures might not be a huge amount of money to you. You can’t buy a mansion with it. But 4 figures is enough to start seeing things materialize. 4 figures … Read More
How a CPA Can Boost Your Small Business
If you’re starting a small business on a fixed budget, you’ve probably spent some time trying to figure out where you can cut costs and do more on your own in order to stretch the funds you have available. One area where you may consider doing it yourself instead of farming it out is accounting. If you have an accounting background … Read More