“It’s not rocket science.” That’s what I frequently hear from business owners after asking, “Why in the world are you preparing your own payroll?” It turns out there’s a disconnect: between how simple a task may be, and how appropriate it is to do it yourself. Is It Time for “The Talk”? I often advise …Read more
We already looked at a profile to help identify thieving employees. Now let’s talk about prevention. That Won’t Happen in My Company! The first hurdle you need to overcome is this mindset. It’s why so many thieves get away with stealing so much for so long. Here’s the difficult truth: “One out of three business …Read more
My friend Jim was shocked. His office manager—trusted for over a decade, an integral part of his company, someone he considered practically family—was stealing from him. She had been giving herself bogus overtime and vacation pay for over a year. If he hadn’t stumbled onto her misdeeds, she probably would have continued to do so …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
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.