Tag: business consulting
You’ve no doubt heard the old business cliché “cash is king.” And it’s true: A company in a strong cash position stands a much better chance of obtaining the financing it needs, attracting outside investors or simply executing its own … Read More »
Business Briefs. Comments Off on Keeping a king in the castle with a well-maintained cash reserve
Most business owners want to grow their companies. And one surefire sign of growth is when ownership believes the company can expand its operations to a second location.
If your business has reached this point, or is nearing it, both congratulations … Read More »
Business Briefs. Comments Off on Are you ready to expand to a second location?
Every business with more than one owner needs a buy-sell agreement to handle both expected and unexpected ownership changes. When creating or updating yours, be sure you’re prepared for the valuation issues that will come into play.
Issues, what issues?
Emotions … Read More »
Business Briefs. Comments Off on Prepare for valuation issues in your buy-sell agreement
If you’ve done any research into employee benefits for your business recently, you may have come across a bit of alphabet soup in the form of “HSA + HDHP.” Although perhaps initially confusing, this formula represents an increasingly popular model for … Read More »
Business Briefs. Comments Off on HSA + HDHP can be a winning health benefits formula
Late summer and early fall, when so many families have members returning to educational facilities of all shapes and sizes, is also a good time for businesses to creatively step up their business development efforts, whether it’s launching new marketing … Read More »
Business Briefs. Comments Off on Business tips for back-to-school time
IT consultants are many things — experts in their field, champions of the workaround and, generally, the “people persons” of the tech field. But they’re not magicians who, with the wave of a smartphone, can solve any dilemma you throw … Read More »
Business Briefs. Comments Off on Six ways to get more value from an IT consultant
The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method — which is simpler than the accrual method — available to more businesses. Now the IRS has provided procedures … Read More »
As a business grows, one of many challenges it faces is identifying a competitive yet manageable compensation structure. After all, offer too little and you likely won’t have much success in hiring. Offer too much and you may compromise cash … Read More »
Business Briefs. Comments Off on Contemplating compensation increases and pay for performance
In an increasingly global economy, keeping a close eye on your supply chain is imperative. Even if your company operates only locally or nationally, your suppliers could be affected by wider economic conditions and developments. So, make sure you’re regularly … Read More »
Business Briefs. Comments Off on Is there a weak link in your supply chain?
Strategic planning is key to ensuring every company’s long-term viability, and goal setting is an indispensable step toward fulfilling those plans. Unfortunately, businesses often don’t accomplish their overall strategic plans because they’re unable to fully reach the various goals necessary … Read More »
Business Briefs. Comments Off on Get SMART when it comes to setting strategic goals