Tag: business consulting
Many businesses have a life cycle that, as life cycles tend to do, concludes with a period of decline and failure. Often, the demise of a company is driven by internal factors — such as weak financial oversight, lack of … Read More »
Business Briefs. Comments Off on Prepare for the worst with a business turnaround strategy
Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have to spend a lot of … Read More »
Tax Planning. Comments Off on How entrepreneurs must treat expenses on their tax returns
It’s every business owner’s nightmare. Should hackers gain access to your customers’ or employees’ sensitive data, the very reputation of your company could be compromised. And lawsuits might soon follow.
No business owner wants to think about … Read More »
Business Briefs. Comments Off on Responding to the nightmare of a data breach
Absenteeism has typically been a thorn in the side of many companies. But there’s a flip side to employees failing to show up to work: “presenteeism.” This is when employees come in to work unwell or put in … Read More »
Business Briefs. Comments Off on Present yet unaccounted for: The problem of presenteeism
As an individual, you’ve no doubt been urged to regularly check your credit score. Most people nowadays know that, with a subpar personal credit score, they’ll have trouble buying a home or car, or just getting a reasonable-rate credit card.
But … Read More »
Business Briefs. Comments Off on Be vigilant about your business credit score
In the broadest sense, strategic planning comprises two primary tasks: establishing goals and achieving them. Many business owners would probably say the first part, coming up with objectives, is relatively easy. It’s that second part — accomplishing those goals — … Read More »
Business Briefs. Comments Off on An implementation plan is key to making strategic goals a reality
Today’s business technology is both powerful and restive. No matter how “feature rich” a software solution or hardware asset may be, there’s always another upgrade around the corner. In other words, it’s just a matter of time before your company’s … Read More »
Business Briefs. Comments Off on Don’t let scope creep ruin your next IT project
Many companies, especially those that operate in areas prone to natural disasters, should consider business interruption insurance. Unlike a commercial property policy, which may cover certain repairs of damaged property, this coverage generally provides the cash flow to cover revenues … Read More »
Business Briefs. Comments Off on Best practices when filing a business interruption claim
Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and show you their bookkeeping software. Although tracking financial transactions is critical, spreadsheets aren’t financial statements.
In short, financial statements are detailed … Read More »
Business Briefs. Comments Off on Financial statements tell your business’s story, inside and out
With the year underway, your business probably has a strategic plan in place for the months ahead. Or maybe you’ve created a general outline but haven’t quite put the finishing touches on it yet. In either case, there’s a time-tested … Read More »
Business Briefs. Comments Off on Refine your strategic plan with SWOT