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Is a SWOT Analysis important to your financial health?

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More often than not, when I meet business owners and they start talking about their financial challenges, it becomes apparent that they do not have or follow a coherent strategy for their business. One way to get started with basic strategic planning is with a SWOT Analysis.…

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Financial Strategies To Increase Profitable Sales

 

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Every business owner wants to increase the sales of their company! What is less common is knowledge of how to use financial strategies to have an impact on increasing sales. If you are not employing these six strategies, you are missing out on incremental sales that could have a huge bottom line impact.…

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How to Know When It’s Time to Switch to Plan B

Switch to Plan B
Many business owners and entrepreneurs don’t always know when to switch to plan B.  Robert Chess, a lecturer of management at Stanford Graduate School of Business and chairman of Nektar Therapeutics, a biopharmaceutical company offers some interesting advice on when owners should pivot to a different business plan.…

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Posted in Business Best Practices

Is Your Business Struggling?

ChallengeImageThere are a a number of reasons why businesses struggle, often it’s a matter of sales volume.  Evan Asano, CEO & Founder: Mediakix.com offers some sound advice to help you focus your business development efforts to build/re-build sales, his three best recommendations in my opinion:
  • Hire the absolute best people you can find.


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Posted in Business Best Practices

PATH Act and Some Key Wins for Small Business on Taxes

tax-breaksOn December 18th the Protecting Americans from Tax Hikes (PATH) Act of 2015 was signed into law.

The are some real benefits to SMBs in this legislation, 3 of the most notable:

Section 179 Depreciation that permits businesses to expense $500,000 of machinery and equipment purchases rather than depreciate over useful lives.  …

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Posted in Business Best Practices, CFO Services
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