An important responsibility of leaders is figuring out how to fund business operations and growth plans.
In the best case, a business will generate enough cash for operations, growth, and shareholder dividends. However, in many cases, leaders need to borrow money for growth and, in tough times, even the operations of their businesses.
Read MoreTopics: Business Improvement, Business Planning, Debt Management, Expenses
Key Performance Indicators (KPI‘s) are important management tools and we encourage business leaders to use KPI’s in their businesses.
A KPI is quantifiable measurement or metric which helps track the progress towards business goals. Leaders use KPI’s to make better, data-driven decisions. They also guide behavior, productivity and decision-making, while providing transparency and accountability.
Read MoreTopics: Business Improvement, Business Planning, Accountability
We’re seeing more businesses engage REMOTE employees and subcontractors as they try to attract the best talent, regardless of location.
Remote employment presents challenges, including ONBOARDING, which means helping employees quickly become comfortable, engaged and productive. Here are tips on making the onboarding process a success.
Read MoreTopics: Business Improvement, Employment, Communication
As Accountants, we hope our Clients never face a business crisis… but we also know that business is unpredictable and factors beyond our control can leave a business in dire straits.
Even the largest, well-funded, most successful organizations can face a crisis… and most will rise to the occasion and emerge stronger.
Let’s look at what leaders can do to reduce risk and properly deal with a business crisis.
Read MoreTopics: Business Improvement, Risk Management, Accountability, Crisis Management
Let’s start with a definition of Bad Debt.
Bad Debt is an amount of money a creditor must write off after a debtor defaults. Understanding and incurring bad debt is part of doing business… because there is ALWAYS a risk that payments won’t be collected, especially for businesses that extend credit to customers.
Read MoreTopics: Business Planning, Debt Management, Accountability
