Art's Articles & Media
6 Questions Every Business Owner Should Ask
Inventor Albert Einstein is famously quoted, “It’s not that I’m so smart, but I stay with the questions much longer.” Companies that are deliberate in asking the right questions, and drilling down on the tough answers, will have greater success in reaching sustainable financial health and long-term business success. You cannot lead what you do…
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6 Business Exit Strategies Demystified
As a business owner, you may have considered the possibility of exiting your business at some point. Whether it’s due to retirement, a change in career, or other reasons, it’s important to have a plan in place for a smooth and successful exit. In this article, we’ve compiled a comprehensive list of 6 business exit…
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Financial Vigilance: The Business Owner’s Guide to Preventing Embezzlement
Embezzlement is a serious financial crime that occurs when a trusted individual within a business unlawfully misappropriates funds or assets for personal gain. This betrayal of trust not only results in financial losses for the company but also inflicts a deeper wound by breaching the faith placed in the perpetrator. Safeguarding against embezzlement requires robust…
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Navigating the Right Time to Hand Off Your Business: A Strategic Guide
As a business owner, the decision to hand off your beloved enterprise is both momentous and emotional. Whether you’re contemplating retirement, pursuing new ventures, or simply recognizing the need for change, timing plays a critical role in this significant transition. In this article, we explore the considerations for determining the right moment to pass the…
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Demystifying the Employee vs Independent Contractor Rulings
As business owners continue paving the way through 2024, it is important to keep up to date with the latest regulations, including a final ruling recently issued by the US Department of Labor (DOL) that changes the guidance to determine how workers are classified under the Fair Labor Standards Act (FLSA). The FLSA sets the…
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Planning Your Exit – Maximizing Value And Your Company’s Future
Your 2024 To-Do List for Exit Planning As a business owner, you have worked tirelessly to build your company into your largest financial asset. However, it is important to start thinking about the future. Perhaps the sale of your company is something you’ve flirted with but you don’t have all the answers, steps, and strategies…
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Understanding the Beneficial Ownership Information Reporting Rule: FAQ’s For Business Owners
What does Beneficial Ownership Information Reporting mean to my business? As part of efforts to curb money laundering, increase transparency of business ownership, and reduce other financial crimes, FinCEN has issued a new rule requiring businesses to report the personal identifiable information of their owners. This is known as beneficial ownership reporting. To comply with…
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What is a Good Gross Profit Margin? Tips to Improve GPM and Drive Profitability
As the year ends, it’s essential to keep your business’s financial health n mind. Whether you are running a small business or a large enterprise, the fourth quarter can be a make-or-break period for achieving your financial goals. The good news is there are several things you can do to ensure that your business ends the year…
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Surviving the Black Clouds in Business
Attempting to eliminate or prevent all worry in business is a fruitless pursuit. At any given time we can find ourselves tiptoeing through land mines and navigating unexpected twists and surprises. CEOs and owners who desire to build a business of significance and success often get derailed by would B2B CFO calls “black clouds”. Removing…
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Enhance your company’s value within the current economic landscape
What drives long-term value in your business? Successfully owning and growing a business requires hard work, sacrifice, and commitment. Whether you recently launched a new business or are entering your fourth decade of owner- ship, most business owners eventually plan to exit their business. No matter which path they choose, working on plans to consistently…
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