Assessing Strategy for Operational Efficiency
Small business owners often request that we review their existing business strategy and offer advice on how they can grow their businesses. While this is often dependent on details specific to the business and the industry, it is possible to employ some simple tools...
Implementation of Cybersecurity for Small Businesses
With the growing state of affairs, cybersecurity should be an integral part of any business, whether a company is simply using email, maintaining a website, or deploying enterprise-wide cloud-computing solutions. The U.S. Small Business Administration states that...
5 Stages of Startup Financing
Entrepreneurs charged with leading a startup need money regardless of what stage the business is in. From the point of launch, to a stage of growth and perhaps an exit, via an initial public offering, the business will be impacted by the founder’s ability to secure...
Year-End Checklist and Planning for 2019
The end of the year is a busy time. Business owners have a lot more to deal with as they think about planning for the following year. If a year-end checklist isn’t part of your planning cycle, now is as good a time as any to give this some thought. Here are a few key...
Essential Elements of Your Financial Board Package
A board package should contain matters pertinent to strategic oversight and development. The basic components should be (1) what happened in the past quarter/year, (2) where we are now as part of our overall roadmap and business objectives, and (3) how do we move from...
Understanding Forecasting: Ways to Get It Wrong, How to Do It Right
Forecasting may not be a top-of-the-list item on the minds of entrepreneurs and small-business owners. But failing to take a forward-looking, bird’s-eye view of a business could lead to critical mistakes and a lack of direction. A situation that could be avoided with...
