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KPIs & Your Business – A Management Must-Have

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The KPI is a common buzzword in business, but what is it, and more importantly, how do you use it to manage your business? Used properly, Key Performance Indicators, or KPIs, allow a business owner and management team to evaluate the overall health of a business, identify areas for corrective action, and make decisions on important opportunities.… Read More
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6 Keys to an Effective Budget

Finance, accounting and fintech, a man on a computer and calculator working out his business budget strategy. Businessman at his office desk, laptop, money management and financial investment online.
As we near the fourth quarter for calendar year businesses, most small and mid-size companies are starting to form plans for the new year. Many companies go so far as to have an actual budget, however too often those same budgets lose either their usefulness or worse still, provide a false sense of either panic or security.… Read More
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Cash is King, Except When It Isn’t

Person counting hundred dollar bills in hand
As Benjamin Franklin famously wrote in 1789, “Nothing can be said to be certain, except death and taxes.”  No matter the size, all businesses must report their annual financial results to the IRS.  For a significant number of companies, the choice is made to file tax returns on a cash basis; if you make or spend the cash during the year, it goes on the return. … Read More
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C-Suite Hat Juggling: Is this Normal?

Many privately-owned companies find they have not grown to the point where it is cost effective to have a full-time Chief Executive Officer, Chief Operating Officer or Chief Financial Officer. But all these roles and the functions they provide are vital to your company’s health.… Read More
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Financial Statements – Why They Matter

For a number of business owners and management teams, financial statements are reviewed infrequently. Entrepreneur complaints about financial statements, such as “they aren’t accurate” or “they don’t tell me anything about my business”, are frequent. While understandable, this is a big lost opportunity.… Read More
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How to Effectively Communicate Your Company’s Financials with External Stakeholders

Business professionals networking with futuristic technology interface
#1 Be Concise The easier it is for an external stakeholder to interpret results, the easier it will be for the company to achieve its desires from that stakeholder. Banks. If you’re seeking a line of credit from a bank, it is important to distill the financial results of the company into a simple format that shows them they should lend to you.… Read More