10,000 Small Businesses – A Great Resource for Entrepreneurs

The Goldman Sachs 10,000 Small Businesses is a $500 million investment to help entrepreneurs create jobs and grow sales by providing greater access to education, financial capital, and business support services. The program currently operates in Chicago, Cleveland, Detroit, Houston, Long Beach, Los Angeles, Miami, New Orleans, New York, Philadelphia and Salt Lake City. It… Read more »

Use the Rule of 3 Things

Recently I came across an article by Steve Tobak at Entrepeneur.com and also posted in Money today. Mr. Tobak effectiviely comunicates the need for annual plan and goals, while not overburdening the business owner. http://www.today.com/id/53882783/ns/today-money/t/want-kill-it-use-rule-things/#.U8ydAqPn9LM “Most resolutions are hard to keep and leave us feeling guilty we couldn’t achieve them. Try the Rule of 3… Read more »

Signs of Good News

There is a glimmer of good news on the economic front. The last seven years have been tough on everyone, especially on small business. Many businesses simply did not react fast enough to the changing conditions and failed. A good number of the businesses that have survived have strengthened since they quickly put together a… Read more »

What in the World is T.E.E.M.M?

If you are a business owner, at some point in your life you will probably want to start thinking about this acronym –  T.E.E.M.M. (pronounced “team”).  Why?  Because at some point you may want (or need) to exit your business…either through a sale, the formation of an ESOP, passing it to your descendants, or by other means. There are several key… Read more »

Increasing the Value of Your Business

In this video, Jim Hoggatt, Parter at B2B CFO® discusses ideas on how to improve the value of your business… Improving the value of your business involves some fairly simple concepts, coupled with a lot of hard work directed toward the right goals.

New Revenue Recognition Accounting Standards Released on May 28, 2014

Yesterday, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) released a new standard that gives guidance on the recognition of revenue.  This effort by the FASB and IASB is one more step in bringing the U.S. financial accounting standards more closely aligned with International Accounting Standards.  As the two standard become more… Read more »

Significant Penalties to be Imposed for Dumping Employees on to the Health Care Exchange

In an article that appeared this past Sunday in the New York Times, there is a May 2014 IRS ruling that “blocks any move by employers to dump employees into the (healthcare marketplace) exchanges.” According to the article, “many employers had thought they could shift health costs to the government by sending their employees to a health… Read more »

Ordinary to Extraordinary

  Companies that lead the pack, companies that are continually successful over time have leaders and management teams that do certain things.  Recently, I have read several articles about successful business leaders and their companies.  Here are a few common elements – 1.     Order, simplicity, and an office environment with few distractions. This is a… Read more »

Why Financial Controls Matter

Growing a business is full of hard choices many of which are about how to spend precious few dollars.  Too often, accounting, financial reporting, and financial controls are grossly under-valued in terms of how vital they are to a company and that often leads to expensive problems downstream.  Here are some examples of common problems… Read more »