Information on business financial.

profitable customers

How Profitable are your Customers?

“We love our customers!” Every business owner says it. But all customers aren’t created equal, and it’s in your strategic interest to know which profitable customers are strengthening your bottom line and by how much. Sorting out…
Digital Disruption

5 Ways to Dance Through Digital Disruption

You’ve probably heard the term and wondered whether it could happen to your company. Maybe it already has. We’re referring to “digital disruption” — when new technologies and business models affect the value proposition of existing…
revocable trust

Have You Properly Funded your Revocable Trust?

If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including asset management (in the event you…
Power of Attorney

Powers of Attorney: Springing v Nonspringing

Estate planning typically focuses on what happens to your assets when you die. But it’s equally important (some might say more important) to have a plan for making critical financial and medical decisions if you’re unable to make those decisions…
Path to performance; key performance indicators

Use Key Performance Indicators to Monitor Company Performance

From the baseball field to the boardroom, statistical analysis has changed various industries nationwide. With proper preparation and guidance, business owners can use Key Performance Indicators to monitor company performance — far beyond…
computing and reporting overtime pay

Are You Computing Overtime Pay Correctly When a Bonus is Issued?

Bonuses can be an effective way for employers to reward hourly employees for an outstanding year. Some employers also offer a bonus as an incentive to meet certain productivity or sales goals.  Make sure you understand the definitions of each…
Retirement savings

Are Your Retirement Savings Safe from Creditors?

A primary goal of estate planning is asset protection. After all, no matter how well your estate plan is designed, it won’t do much good if you wind up with no wealth to share with your family.  Are your retirement savings safe from creditors? If…
Lost Sales Opportunities

Lost Sales are Lost Opportunities

“Sorry, we don’t carry that item.” Or perhaps, “No, that’s not part of our service package.”  How many times a year do your employees utter these words or ones like them? Lost sales are lost opportunities. The specific number is…
Company disaster

Is Your Company Prepared for any Disaster?

What could stop your company from operating for a day, a month or a year? A flood or fire? Perhaps a key supplier shuts down temporarily or permanently. Or maybe a hacker or technical problem crashes your website or you suddenly lose power.…
too much cash

Does Your Business Have Too Much Cash?

Does your business have too much cash? From the time a business opens its doors, the owner is told “cash is king.” It may seem to follow that having a very large amount of cash could never be a bad thing. But, the truth is, a company that’s…