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Your resource for news, information and advice for small businesses.
The math is simple. To have more money, you need to earn more or spend less. This list is just to help you break down the cash analysis you need to do. It’s not all-inclusive, but it’s a start.
To earn more money without marketing:
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Uncovering Fraud
Lately, one of our longest-standing clients had an incident of fraud. This was shocking to us, as we have done varying business management projects with them since 2008, and they even have back office systems for fraud prevention!
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Posted in Accounting, Bookkeeping, Business Management, Case Study, Consultants, Financial Practices, Fraud prevention
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Tagged bookkeeping for small business, business consultant, business management, family business, outsourced accounting services, small business consulting
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What is NLRB?
The National Labor Relations Board (NLRB) is an arm of the National Labor Relations Act (NLRA) enacted in 1935. The NLRB issues regular memos detailing the findings of labor investigations they conduct, and these memos sure don’t make for light reading! Fortunately, business management professionals are well-versed in NLRA law and have plenty of experience interpreting NLRB findings for you and your business. Continue reading →
Why audits happen
The papers and electronic records you keep in order to validate your firm’s accounting records are known in the finance world as the audit trail. While the word ‘audit’ is most commonly associated with a harrowing process that companies or individuals are put through by the Internal Revenue Service, companies may also undergo internal audits to make sure everything is in order should the IRS come knocking.
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Posted in Account Management, Accounting, Bookkeeping, Business Management, Consultants, Financial Practices
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Tagged audit, bookkeeping, business consultant, Fraud, management consultant, outsourced accounting services
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I Moved Your Cheese - I was captivated by the title, I’ll admit it. As a promoter of Who Moved My Cheese (WMMC) – back in the day when you could not find copies in Goodwill – I have used it as suggested reading whenever I’m doing change management. However, I am generally the business consultant moving the cheese, and the book helps me get buy-in from the crowd. Is it possible that THIS book is actually MY book?
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This is always the million dollar question – but it has never yet cost that much! A business turn around using a business consultant, or a team of business consultants, can add up fast.
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You know how sometimes a particular issue seems to be driven home in everything you read and experience for a while? Well, that’s exactly what’s happening to me lately around succession planning. So, it seems reasonable that we should talk about it here for a bit. The moral of the story is this: you must do succession planning. Help your business plan to last beyond you and your leadership, so it can thrive for many generations.
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A great way to use business consulting services to grow your business is to engage the consultant to train and empower your employees. This will leave the intellectual property within your employees once the business consultant is long gone. Also, within a growing business, a relationship with a business consultant helps you launch to the next level.
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This is the age old accounting question asked by business owners when reviewing their small business financials. I Goggled this question, and it’s everywhere. We are all trying to answer it. But, from my experience, we aren’t getting to the answer entrepreneurs want. Let’s go through the process.
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Last week I was interviewed by the Portland Home Builders Association newspaper to discuss the best sales and marketing strategies for 2012, along with goal setting for business growth. This information is valuable to everyone, so I thought it would be beneficial to share it through our blog as well.
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