Why Paying Taxes is Good

It’s the time of year when everyone is worried about how much they will owe the IRS. No one wants to pay taxes. As a entrepreneur or business owner, you want to keep as much money as possible.  You may have told your CPA or tax adviser to make sure you pay as little tax… Read more »

Health Benefits – How CFO’s Can Help

Your Healthcare Benefits Review – It’s that time of year again when your benefits provider will be reviewing your healthcare benefits.  For most employers this will involve some tough decisions if there healthcare premiums suffer a dramatic increase.  There are many things you will want to consider as you navigate healthcare costs for 2018.  Healthcare… Read more »

The Key to KPI’s

 The Key to KPI’s – Key Performance Indicators (KPIs) are standards used to measure business performance.  As a business owner it is important to understand how you rank compared to your competitors.  Financial institutions, stakeholders, and prospective buyers use KPIs to analyze credit worthiness, business health, and business worth.  KPIs are a great way to… Read more »

Productivity and Sales Per Employee

Productivity in the Work Place – Everybody talks about it, but how do you measure it?  One of the key measures for employee productivity is sales per employee.  This key performance indicator is used to measure the efficient use of resources, your employees.  The higher your sales per employee number the more efficient your work force.… Read more »

The Other Cyber Crime

Cyber Crime is not just about hacking your network, stealing confidential information, or having your data held for ransom by a hacker.  Here are a couple of cyber stories that I would like to share that have nothing to do with hacking your companies information.  In these real life examples, the companies involved unknowingly played… Read more »

Increasing Profitability

Do you ever feel like your company is throwing cash out the window?  We are not talking pennies, but dollars.  As business owners we are constantly focused on keeping our costs under control for salaries, advertising, marketing, and other operating expenses, but when is the last time you looked at your gross margin?   Gross margin… Read more »

How Much Inventory Do I Need?

Inventory is one of the biggest investments you will make in your business.  Your inventory turnover ratio tracks the number of times or cycles new inventory hits your shelves each year.  In addition, it measures the liquidity of your product and your ability to effectively manage your stock.  You can calculate your turnover ratio as… Read more »

Turning Business Risk into an Opportunity

Business inherently has risk.  Successful business owners embrace risk creating their own opportunity.  They began their business embracing the question: “What if…?” There are two characteristics to every risk; consequence and likelihood.  Consequences can range from mild to catastrophic, the insurance industry labels this as severity.  Likelihood can range from rare to very often, this… Read more »

Escaping the Danger Zone!

Most business owners don’t ask, “What is my business?”  They know why they started their business and what they want to accomplish. Often they miss the core of “being in business”. The Danger Zone is the end result of an owner not paying attention to their business. Every company requires a robust infrastructure.  Infrastructure includes… Read more »