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 »
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 »
How to Use KPIs to Increase Profits & Cash Flow When it comes to understanding your numbers, one of the questions that inevitably comes up is what are key performance indicators, and how do I use them to increase cash flow? To gain insights into those questions, we will highlight a couple of essential
How to Use KPIs to Increase Profits & Cash Flow Read More »
Keeping Score: Cash vs. Profit 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 must understand the difference between making money
Keeping Score: Cash vs. Profit 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 »
Creating a high-performing culture requires quality leadership. Our businesses and cultures reflect us. What does your culture say about who you are and what you are? Below are a few items that typically come up in our coaching conversations with business owners on improving their culture, leadership, or the leadership of their leaders.  Can
Leadership and Culture Read More »
Accounting and Financial Advice to Help Grow your Small Business Many skilled people go into business because they are a great plumber, gifted lawyer, or talented cook. They decide to open up their own company and be their own boss. Then, once the business is born and reality sets in, they realize the skills, tools
Accounting and Financial Advice to Help Grow your Small Business 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 »
Very few new small businesses put together a business plan before they open, but they should. Most small business fail in the first few years and that could be avoided if they had created a business plan prior to opening the business. Too many business owners think they have a good idea or have a
A Business Planning Guide: Six Essential Factors Read More »
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