As a business owner, you should be able to answer the details of these four financial performance questions about your business with little or no preparation. Knowing the details of your company’s profitability, costs, cash flow, and more, is critical to staying on top of your finances, and growing your business.
Texas certified public accountants (CPAs), attorneys, and physicians must all attend many hours of professional continuing education each year. When we engage the services of one of these professionals we are glad they had to stay up to date on their specialties.
All business owners want to grow and be successful. It is part of the entrepreneurial spirit that made them want to be in business to start with. To many, supplying products or services to extremely large businesses on a large scale is the holy grail of sales.
Having a current and detailed cash flow forecast can mean the difference between thriving and closing your doors in a rough economy. Even in a fast growing business having a strong cash flow forecast can mean insuring that ever changing working capital needs will be met.
Learn how others do it. Download our guide to growth.
Even the best managed company will occasionally need to use the services of a commercial collection agency. Picking one that fits your company’s personality while still being effective in collection efforts can require some research and homework.
If you are not experienced in making investments in small private companies, you should know what your risks are before you make a decision to invest. This is especially true if you are not involved in the day to day operation of the company.
The term “nexus” means connection between two items in a series. Taxing authorities use the term to describe the connection between your activities in two or more jurisdictions and your obligations to collect and remit sales tax as well as pay state income or franchise tax.
When evaluating your company’s overall risk of sustainability, examining your company’s product lines or services you offer may help determine ways to minimize risk. Single product companies face several challenges not faced by companies offering two or more product lines or services.