Financial Planning

Financial Planning   Why is financial planning important to business owners?  Additionally, why do managers in your business (sales, operations, etc.) also need to understand elements of financial planning and be involved in the process? Forecasting and planning.  Business owners look ahead, they make plans for growth that will shape the future success of their

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Understanding and Using Business Financial Statements

Understanding and Using Business Financial Statements   Financial statements provide information about how well a business’s operations are performing.  A business owner uses financial statements to evaluate current and past performance, identify existing financial issues, forecast (budget) future performance, make financing decisions, and more. The two key business financial statements are the Income Statement and

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What Are The 7 Rules of Alignment and Why Your Business Needs Them?

What Are The 7 Rules of Alignment and Why Your Business Needs Them? When we build a language that allows us to articulate what success looks like, a team will align and order will reign supreme. The key to organizational alignment is consistent communication. This means taking the time to have a consistent conversation and

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Corporate Tranparency ACT and how it can affect your small business

Regulations. Forms. Registrations. Not the best hook for news of great importance to the entire business community. How about this? Five hundred dollars a day for non-compliance. Penalties are steep for the new law under the Corporate Transparency Act (CTA) that requires all corporations (LLCs, S-Corps and C-Corps) to file a Beneficial Ownership Information (BOI) Report with

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