Wouldn’t it be just perfect if we could hire employees that had the same passion and drive to move your business forward that you as an entrepreneur have? You may be surprised to discover that this can be easier than you think; especially if you consider inspiring an “ownership attitude” right from the first interview […]
Hiring and Inspiring the Ownership Attitude with Your Employees Read More »
Employee Morale Directly Affects Your Company’s Success It is easy to assume that in this day and age, as we are facing a challenging economy, that most employees are just happy to have a job. While there may be some truth in that, studies done over decades are showing that employee motivation is a key
7 Ways to Increase Your “Human Bottom Line” Read More »
The Primary Differences Between Your CFO and Your CPA In our recent series of articles, we have been discussing the key roles in your accounting department, and clearly defining those roles, and the duties of each, including those of your Chief Financial Officer (CFO) and your Certified Public Accountant (CPA). The CFO and CPA are
CFO’s and CPA’s Are Not (Usually) Created Equally Read More »
Learn About Accounting Staff Qualifications Just as with any role in your company, you always want to make sure you are hiring qualified people to serve in your accounting department. As you begin to build your accounting department, this article will clearly define the specific educational and training requirements for each of the primary roles
Qualifications for Key Roles in Your Accounting Department Read More »
It’s Not Just About Numbers, It’s About People Now that we’ve broken down some of the various activities that take place in your accounting department, it’s time to get into the key personnel and their roles. Your company may be small with one or two people wearing the multiple hats in the accounting department…or perhaps
Primary Personnel Roles in the Accounting Department Read More »
The focus of this new year has been directed toward strategic objectives with a view toward strategic planning. This is where the rubber meets the road in your business. Strategic planning is a higher level of planning in your business that those goes well beyond simple goal-setting or even creating your strategic objectives. You can
Strategic Planning – Not to Plan is a Plan to Fail Read More »
In our last article, we discussed some essentials for creating strategic planning objectives using the SMART system. Now it’s time to give your strategic objectives some teeth by putting systems into place to measure (remember the “M” in smart) and track those objectives (metrics). Then you will have the solid foundation you need to build
Strategic Planning and Objectives – Track It and Measure It to Make It Work! Read More »
Usually, around this time of year, you hear a lot of talk about goal-setting…and there is a lot of information out there, both pro and con about setting goals for a new year. What we hear most is that goals that are created in the form of “New Year’s resolutions” (such as “make more money”)
Your Strategic Planning and Objectives – Goal-Setting on Steroids! Read More »
In the past few articles, we’ve been focusing on your business budgets, how you can create your budgets and the key elements you will need to generate the budgets you need that give you a clear roadmap for your business. We left off last time with your operational budget so now it’s time to plan
5 Simple Steps to Creating Your Cash Flow Budget and Forecast Read More »
Last week’s article extolled the virtues of budgeting…and the vital reasons why your business – and EVERY small business – should create and operate with a budget. Business budgeting allows you to create a financial roadmap and not only see where you’ve been (i.e., whether you are adhering to your budget) and also give you
Budgeting for Your Business – The K.I.S.S. (Keep It Simple Strategy) Read More »
If you’re like a lot of small business owners and entrepreneurs, just the thought of a budget might make you cringe. As a group, we tend to be a free-wheeling bunch with a big vision and don’t like to be tied down too much…after all, that’s why we started a business in the first place,
To Budget or Not to Budget – NOT a Question You Should Be Asking Read More »
Policies decentralize decision-making so no one has the power to bend the rules. Policies also promote consistent operations, so the same procedures and protocols are used for all situations. And financial policies promote transparency and accountability.
Creating Financial Policies that Work Read More »