Businesses are bought and sold each day and some make better investments than others. Before you buy a business, here are a few things to make sure you make the right move: Why is the seller selling? There can be many reasons why a business is for sale, and some reasons are better than others. […]
Technology
The Hidden Retirement Asset
Financial advisors frequently mention the three main pillars of retirement, which are social security, pension plans, and personal savings. Yet, you rarely hear them speak about an asset that may prove to be an individual’s largest asset – their business. Many business owners invest their money back into their business over the years, especially during […]
Do You Have Too Many Customers?
What do you think is better, 100 customers or 200 customers? It might actually be the lower number, and I’ll explain why. Let’s say that a small business provides landscaping and maintenance services for both businesses and for residential customers. Most of the customers are within a reasonable driving distance from the main office, and […]
5 Simple Ways to Improve the Management of Your Business for Little to No Cost
The success of your business depends upon how well you manage it. From a start-up all the way to a billion dollar corporation, managing your business well will help to insure its success. Since most businesses are small businesses, here are some ways to help a small business owner. Answer the Phone: When a customer […]
Smart Ways to Cut Your Expenses
A previous article was titled, “Don’t Cut Your Expenses,” and this time I am going to give examples of cutting expenses in a smart way. Personal Expenses: With mortgage rates at record lows, now may be a good time to refinance your existing mortgage. You need to compare the savings with any upfront costs. If […]
Don’t Cut Your Expenses!
Shouldn’t a CPA be telling you to spend less and save more? Perhaps, but what if you are cutting back on your expenses too much and you are focusing way too much on not spending money? First, just to clarify, I do not advocate spending money foolishly or spending beyond your means. I am referring […]
Do You Watch Shark Tank?
You have probably heard of the show Shark Tank, which airs on ABC. The show is about entrepreneurs who pitch their products and ideas to a group of wealthy investors who are referred to as “sharks.” Hopefully, the sharks will bite and offer to invest some of their money in the fledgling businesses. Many […]
Are You Backing Up Your Data?
Most of us use computers for both our businesses and personal lives. What would happen if the information in our computers was lost or destroyed? Would you lose valuable information to run your business, such as the amounts due from your customers? What about the 1,200 pictures that you took with your phone or digital […]