A matrix reporting structure is more useful than a traditional hierarchy reporting structure for some companies. With matrix reporting, reporting relationships take the form of a grid, or matrix. This results in dual reporting relationships for employees — for example, along functional, geographic and product...
In recent years, many businesses have switched from desktop accounting apps to cloud accounting services. With these services, software and data are located on remote Internet servers — hence the term “cloud” computing — instead of on servers and computers on the business’s physical premises.
There...
It’s not uncommon for mid-sized businesses to hire management consultants to help meet particular challenges. For example, a management consultant could help analyze new markets, opportunities, products and services, and acquisition targets.
Management consultants can even help develop core strategy, mission and values. But before hiring...
When investing in or acquiring businesses, interested parties often want to see financials presented as segment reporting with results broken out by business segments and operating units. This gives them greater clarity regarding the financial performance of specific segments, divisions or subsidiaries, which can help...
A growing number of mid-sized businesses today are merging with and acquiring other businesses in order to grow and expand. In fact, M&A activity set a record during the first half of this year, hitting $2.5 trillion. There is no doubt that merging with or...
Most business owners and CEOs want the right growth strategy to increase the value of their businesses. After all, if a business isn’t growing, it’s either stagnant or declining — neither of which is desirable for shareholders or employees.
But growth doesn’t just happen by accident....
A line of credit is one of the most useful and versatile financial tools available to mid-sized businesses.
It allows businesses to borrow funds that have been pre-approved in order to meet everyday operating expenses and meet short-term liquidity needs, as well as make seasonal inventory...
It’s human nature to want to know how we compare to others. The same is true for businesses when it comes to gauging performance compared to other similar organizations. A way to make these kinds of comparisons is to engage in an exercise called benchmarking,...
When it comes to obtaining business financing, owners and entrepreneurs have two main options: debt or equity. Debt is simply a loan, usually from a bank, that must be repaid with interest, while equity is the sale of ownership shares in the business to outside...
Building strong vendor relationships is a key to success for most mid-sized businesses. A wide range of different vendors usually provides services and supplies merchandise and materials to most businesses — everything from the raw materials needed to manufacture goods to accounting and payroll processing...