Tag Archives | business planning

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Succession Planning: Separate Your Business from the Real Estate

Most businesses have a variety of physical assets, including production equipment, office furnishings, and a number of technological devices. Typically, however, your largest physical asset in the business is your real estate holdings, i.e., your building and the land it sits on. So, why should you separate your business from the real estate? Oftentimes, business […]

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Notebook with Toolls and Notes about KPI,concept

4 Good KPIs for Midyear Checkup

We are halfway through the calendar year and it’s an opportune time for businesses to assess how things are going thus far. While sales may be up, there are some other good key performance indicators (KPIs) to analytically help you evaluate how well you’re doing. Here are four that can give you a solid snapshot […]

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four kings and hundred dollar bills

How Do Profits and Cash Flow Differ?

How do profits and cash flow differ? Business owners sometimes mistakenly equate profits with cash flow. Here’s how this can lead to surprises when managing day-to-day operations — and why many profitable companies experience cash shortages. Working capital Profits are closely related to taxable income. Reported at the bottom of your company’s income statement, they’re […]

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Outsourcing Business Functions

Business owners seem to have less and less time. One thing in plentiful supply in today’s business world is help. Orbiting every industry are providers, consultancies and independent contractors offering a wide array of support services. Simply put, it’s never been easier to outsource certain business functions so you can better focus on fulfilling your […]

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Chris West, CPA

Executing on Strategy

At the dawn of a new year, it is essential for all business owners to step back, breath and contemplate the future of their business and the wildly important goals they hope to achieve in the coming year.  Every business has a strategy.  Even the “no strategy” approach is, in essence, a strategy.  I tend […]

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