When people ask what NPS does, I say, “We’re the guys in accounting. All those activities that end in the phrase ‘walk it over to the number crunchers’—that’s us.” We’re an outsourced Accounting Department, from bookkeeper to controller to CFO. Outsourcing is a buzzword that has generated business and media attention for decades. You’ve heard …Read more
Continuing the saga of “time is money…” Last month I wrote about how important it is for the small business owner to know exactly how his/her time gets spent – billable or non-billable, sales development or staff development and list goes on. This month I want to dive into tracking time at the company level. …Read more
As an English major who wandered into accounting, I often tell people I help clients understand the stories behind their numbers. Who’s the hero? Who’s the villain? Where are we in the plot? And if the story of your business is headed toward tragedy, how can we play with the characters to achieve a happy …Read more
When I was a boy I recall asking my Dad questions like “Which is better – Cubs or Sox? Or mountains versus oceans for a vacation? Or stick shift or automatic for a new car?” And whenever my question basically boiled down to a choice between two equally compelling options, Dad would reply, “Well, that’s …Read more
I was watching a few innings of a baseball game the other day. I was taken back to a time when I tried to explain the game to one of my kids. My daughter had played one season of soccer. In that game, everybody’s job was to kick the ball in the goal. Pretty simple, …Read more
What Can I Learn Today to Improve Our Financial Performance?
You can hear when an engine is running smoothly—or racing or sputtering. The same is true for the financial drivers of your business.
You just need to know what to listen for. The good news is that your numbers are talking all the time!
Here are the best ideas we can find on how to ask your business for the information you need, to understand what it says, and take action on what you learn.