Posts Tagged ‘accrual accounting’
Use Accrual Accounting for Long-Term Success
You’re an entrepreneur who is excited about growing your small business. Maybe you’ve identified the perfect niche market designing websites for local restaurants or installing high-end home security systems. You’re passionate about your company’s services, growing your business, and polishing your brand. Your focus on those elements of your business is really important to your…
Read MoreAvoid a disastrous acquisition by following these 5 steps
Due diligence, along with some outside perspective, can help you make sure excitement isn’t clouding your judgment. So take these five steps to review key parts of the financial statements before your acquisition. Ahead of a big acquisition, most executives would agree that it’s important to scour the books for any signs of concern. The…
Read MoreWhy Every Startup Needs to Shift Its Focus From the Checkbook to Cash Flow
After 24 years of raising children, my wife and I will become empty nesters soon. When I see a young couple with children, I think, “How the heck did we raise three kids into responsible adults?” That feeling reminds me of what starting a business can be like: It’s expensive. Starting a business comes with a hefty…
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