Part 2 – Keeping Score: Cash vs. Profit – Loan Payment One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you […]
Part 3 – Accrual Accounting Read More »
Small business owner and CPA, Edward Hastreiter, sense 1979 has spent more than 34 years consulting with small business owners on how to make their small business successful and profitable. Not only has he worked with thousands of businesses on a monthly basis as a CPA but he also manages a staff of 14 CPA/Accountants
Ten Secrets to Achieving Results in Your Small Business Read More »
Do you know how to understand your numbers in a meaningful way? Do you understand the terminology? Do you know your break-even point and is there a company budget in place? Every owner should be able to determine the strengths and weaknesses of their finances by reviewing the numbers of their financial statement. Your financial
The ABC’s of Reading Your Financial Statements Read More »
Running a small business can be challenging, and for this very reason you as a small business owner must have a team of advisors to surround yourself with. The advice and guidance you receive from others in managing your business will impact the business decisions you make. This team is called the 5 Star Alliance
Starting a Small Business Starting a business can be a very exciting time. It also presents some challenges. Having the proper tools and skills in place will help you map out how to start and run a successful business. Seeking advice or getting professional help is a great first step, especially if this is your
Starting a Small Business: Where to start with Entity Selection, Accounting, and Taxes Read More »
Did you know there are a little under 90 days left for the rest of the year? That means there are only 3 months left of reaching your goals for 2019 before the new year rolls around. The new year is always exciting and the drive to set and achieve goals is a natural change,
Finish the Year As Strong As You Started Read More »
“It’s how you play the second half” ~ Keith Cunningham. The first half of the year is over. It’s halftime, and you’re in the locker room with your team. What feedback and coaching will you give them for the second half? How is your cash flow, customer base, team spirit, processing system, delivery of what
Goal Setting Tips for the 2nd Half of 2022 Read More »
Part 1 – Keeping Score: Cash vs. Profit – Equipment Purchases One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you
Part 1 – Equipment Purchases Read More »
Part 2 – Keeping Score: Cash vs. Profit – Loan Payment One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you
Part 2 – Loan Payment Read More »
Finally Understanding Your Numbers Business owners always ask us what they need to know when they look at their financial statements. What does this piece of paper tell me? How is my business doing? Sometimes it feels like they are asking you to tell them how to run their business. The challenge so many
Finally Understanding Your Numbers Read More »
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