Bob's Articles & Media

business man with rubber ducks in a row

Transform Your Business by Overhauling This Critical Business Function

We’ve all heard the phrase, “Get your ducks in a row.” When it comes to business finances, this concept can mean the critical difference between loss and profit. Failure to keep your books in order will cost you, but streamlining your finances empowers you to make informed decisions for your business. If your accounting functions…

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put in the work words on phone on desk

“Must Ask” Questions to Optimize Your Exit Planning

If you haven’t started thinking about exiting your business yet, or planning for it, now is the time to start. Early and consistent planning is an important component of success. There are many factors that must be considered during exit planning and knowing which questions to ask is an important part of the process. If…

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blue key represents key metrics

Key Metrics Every Business Owner Should Monitor

Almost a third of businesses fail due to problems with the financial structure of the company, but you may be able to avoid this trap by understanding and monitoring certain key financial metrics and taking the appropriate actions. To assist you in this process, I recommend that you read comprehensive article that explores seven key metrics…

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scale with value and price on either side

Know Your Business’s Worth

How much is your business worth? This is not a simple thing to determine, but it is one of the most important numbers to have on hand at almost every stage of your company’s development. For help answering this question, I recommend an excellent article from Entrepreneur.com. The article includes links to helpful side articles…

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blocks with hands

Avoid a Financial Crisis with These Tips

Considering that a huge number of businesses fail due to cash flow, it’s surprising that more business owners don’t keep on top of it. But between limited time to organize finances, debt buildup and increased expenses from growing too quickly, it’s easy for it to get out of control. If you would like to avoid…

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man looking at financial statement report NicoElNino AdobeStock

Think You Understand Your Financial Statements? Ask Yourself These 4 Questions

If you are like many business owners, you have a basic understanding of your financial statements but leave the heavy lifting to your bookkeeper and accountant. But is your financial knowledge level where it needs to be? Are you making assumptions or missing key indicators that could damage your bottom line? To find out, I…

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business man hands with charts itchaznong

Need to hire a CFO? Don’t Make This Mistake

If your business is expanding and you’re thinking about hiring a CFO to provide that next level of financial strategic advice, you might be tempted to promote your reliable and experienced bookkeeper or controller. But are they the best person to fill this critical role? Not necessarily. Although bookkeepers, controllers and CFOs are all essential…

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raud alert on computer screen

Prevent Loss by Watching for These Fraud Schemes

According to a recent Javelin study, $16 billion was lost to fraud last year. Much of that fraud occurs online and can easily happen through your company’s website, which can lead to costly charge backs from your bank. Because of this, it’s important for your finance and IT teams to be aware of common fraud…

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puzzle pieces represent merger and acquisition by bas121 Adobestock

Will 2019 be a Good Year for Mergers and Acquisitions?

With all of the political tensions, trade wars and volatile markets happening globally, one might think that 2019 won’t be as good of a year for mergers and acquisitions as 2018. But according to an article I read recently, this isn’t necessarily the case. To read about what to expect for the year ahead, I…

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plant growing in money represents business growth by Fantasista

Growing Too Fast? Prevent Growing Pains with These Tips

Most entrepreneurs dream of fast growth but when it suddenly happens, it can be a serious challenge to maintain quality, consistency, staffing and cash flow. If you find yourself in this situation, it’s important to arm yourself with strategies to successfully handle each of these areas.  To get some great tips on how to do…

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