Posts Tagged“finances”

In order for a company to survive it must continue to increase the amount of revenue it generates each year. In order to do this it must find a way the song More of its products or increase the price that it charges for its products. In addition to this a company should always look for any way that it can to reduce cost. However reducing costs is often a tricky business. The truth is that costs tend to rise for most things at a business, and this will often offset any reductions that occur naturally. When we talk about…

Can you think off the top of your head some scenarios where your small business could be on shaky ground? Whether they come to mind immediately or you need to think about them for a period of time, know that they are out there. As such, you need to do your best to make sure you are ready for any of them that can come your way. More times than not, your biggest fear should be seeing your company slide into the red with finances. When this occurs, you can’t take your good old time getting around to fixing things.…

Most people live their lives by two simple rules: don’t fix what isn’t broken, and don’t reinvent the wheel. However, for private equity firm managers like Marc Leder at Sun Capital Partners, the opposite is true. What they believe is that, when something is good, it can be better. And if something can be better, they are interested in investing in it. However, they must exert due diligence in doing this. Understanding Private Equity In very basic terms, a private equity investment is one that is not listed on public exchanges. It also isn’t the same as venture capital. Rather,…

You may feel confident in managing your money along, but there are times when it is prudent to seek outside advice. A financial advisor is an unbiased third-party that can offer advice, direction, expertise and planning during the critical financial moments in your life. This process can be a great way to stay on track and ensure your plans for the future don’t become derailed. Some people may not wholly trust a financial planner, thinking they work for the companies whose products they sell and that can be the case for some specific products, but most financial planners work on…

Here are a few things to consider as you try to answer the question- do you need to hire a professional accountant to help with your tax prep and financial records?   1. What You Get Accounting professionals will be able to assist you with issue such as budget planning, weekly and monthly book keeping and can help represent you in the case of an IRS audit. They can be costly upfront but for many the money is a good investment for the peace of mind and security it brings. 2. Do You Need One? A certified public accountant (CPA)…