Got a Thorny Business Problem?

Posted on May 16, 2015 By

Thorny Problem

Every business encounters insurmountable problems.  Revenue drops off a cliff, raw materials double in price, entire container shipments disappear.  It’s a bit of a cliche to say, it isn’t the bad things that happen to you; it’s how you react is important.  But there is a kernel of truth to it.  How do you react…


Create an Effective Business Plan Mission Statement

Posted on May 15, 2015 By

Effective business plans needs mission statements.  It immediately communicates the business plan goal.  It should be written in clear language and only be three sentences long. Don’t make them guess, ponder or wonder what the goal is.  Compare the following: Deliver 200,000 units this year vs. Inspiring Puzzle Designs that Stimulate the Mind One is…


How Often Should a Business Plan be Updated?

Posted on May 14, 2015 By

Business plans are just for applying for loans or to entice investors.  Business plans help focus and distill the business’s focus and investments.  A wise business leader will: Update the Business Plan each year. Determine which business lines are the most profitable. Determine which business products are the most active. Examine whether advertising is bringing…


Kickstarter Budgets

Posted on May 12, 2015 By

I recently had a successful Kickstarter project.  While it didn’t create new sales records, it did fund and I’m busy fulfilling the orders during May 2015.  I’d like to share some key ingredients to having a successful Kickstarter project. Here is the project, if you want to take a look: A budget is completely necessary….


Grant Writing Requires a Solid Budget

Posted on May 11, 2015 By

Grant Writing implies that your nonprofit or organization is asking a third party for funds to complete a project.  A solid budget of expected costs and time is usually part of that grant request. If you don’t have a budget even outlined in the grant request; reconsider that before hitting send on your email. please….


Are Accountants Overhead?

Posted on May 8, 2015 By

If you read any accounting or cost accounting book, the accounting department the accounting department is overhead.  In other words, this is an expense to support the organization; but doesn’t directly contribute to the company’s revenue generation. What is the result of this?  If there is a chance to shrink the accounting department, through technology…


How to Price Accounting Services

Posted on May 6, 2015 By

One of questions that I get from new bookkeepers and newly established CPA firms; is how do you price the services? First, you need to job cost how much it takes you to produce paperwork.  That includes overhead, like rent, computers, telephone/internet and office supplies.  But wait, aren’t those monthly expenses?  Yes, take the monthly…


Cutting away Dead Vines

Posted on May 5, 2015 By

Ivy Tree

This past weekend I spent a few hours cutting down blackberry vines and ivy.  Before I started the yard work, everything looked green and springlike.  The trees poking out of the overgrown ivy looked green and full of live. After I did a few test cuts into the ivy and blackberry vines; it soon became…


Five Steps to Take if you are Stuck

Posted on April 29, 2015 By

I think we all get stuck sometimes on a project or task.  It’s just not our day.  The computer malfunctions, the delivery is late, or the math just doesn’t work in your favor.  Project management doesn’t hinge on how wonderfully perfect you are at any particular moment; it’s how you resolve the problems that counts….


CPA

Posted on April 28, 2015 By

Today I renewed my CPA licence. Which has got me a bit philosophical today.  It’s one thing to get all the requirements completed, the test passed and to around of applause from your friends and family.  It’s quite another to keep up with the continuing educational requirements, keep up with the latest topics and scams,…