As accountants, we want our clients to build resilient and successful businesses. That means overcoming the challenges and pursuing the opportunities presented by current market conditions. Leaders of resilient businesses ensure they understand their market, especially the customers and competition.Read More
As accountants, we strive to help our clients build resilient and successful businesses. In the current business environment, there are both challenges and opportunities.
As accountants, we need to understand our clients’ business models. In very simple terms, a business model refers to “the way a business makes money”. Take a retailer, for example, who buys and displays products of interest to customers. By attracting people into their store, they sell those products and make a profit, provided the sales price exceeds the costs of supplying that product.
In the midst of a global pandemic, now more than ever, it is important as a business owner to have a good handle on your business’s cash needs. While some parts of the economy are starting to open back up, many businesses are only just starting to feel the full impact of dropping sales figures over the last couple of months.Read More