by Bobbie Witt | Sep 24, 2018 | Articles, Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Profit First, Small Business
Good news for small business owners: according to the US Small Business Administration, nearly 80% of small businesses survive their first year. However, that number begins to drop as time rolls on. Only half of small businesses pass the five year mark, and a mere...
by Bobbie Witt | Sep 10, 2018 | Articles, Bookkeeping for Business, Bookkeeping for Property Management, Profit First, Small Business
According to recent research, a staggering two thirds of US millionaire-owned businesses are operating without a succession plan—and even fewer small business owners around the globe are prepared for their CEO’s eventual exit. Recent stats from PWC Global show that...
by Bobbie Witt | Aug 13, 2018 | Articles, Bookkeeping for Business, Profit First, Small Business
Because the balance sheet informs the reader of a company’s financial position as of one moment in time, it allows someone—like a creditor—to see what a company owns as well as what it owes to other parties as of the date indicated in the heading. This is...
by Bobbie Witt | Aug 7, 2018 | Articles, Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Small Business
Tuesday Tip Day! Want to increase your accounting knowledge so you can have more informed, insightful discussions with your account this quarter? Start right now, with this list of 6 essential accounting terms for small business owners. Cash Flow Do you have more cash...
by Bobbie Witt | Jul 25, 2018 | Articles, Bookkeeping for Business, Bookkeeping for Property Management, Profit First, Small Business
Ever dreamed of starting a family business? Investing in a franchise opportunity with friends? Businesses owned and operated by families can have incredible staying power. Volkswagen, Samsung, and Nike – all family-owned companies – are among the world’s...
by Bobbie Witt | Jul 24, 2018 | Articles, Bookkeeping for Business, Small Business
Tuesday Tip Day! Hire Help! It sounds simple, but the self-sufficient, independent nature of many entrepreneurs can make it difficult to get comfortable delegating responsibility. Finding the right people to relieve the burden of doing everything, all the time, is...
