Most Los Angeles and Southern California business owners and entrepreneurs have some experience in negotiating. While you might delegate most of the day-to-day negotiations that happen at your company with suppliers, buyers, service providers and related to employees, there are still going to be situations where you, as the...
Many Los Angeles and Southern California business owners and entrepreneurs have identified employee motivation and retention as two of their top business concerns. Some have implemented a wide range of initiatives and programs designed to increase motivation, reduce turnover and boost retention — this includes everything from adopting more flexible...
Following up on our previous article, 10,000 Boomers a Day Hit 65: What This Means for Exit Planning, many Los Angeles and Southern California business owners and entrepreneurs will be planning to exit their companies in the relatively near future. If you are one of these soon-to-retire business owners, you should...
It is not uncommon for individuals to seek a second opinion in many different areas of life. One of the main areas where second opinions are often sought is in medical treatment. I recently went through this experience myself after I suffered complications from surgery that became serious. I...
“It’s better to give than to receive.” Most of us probably heard this from our parents at some time when we were kids growing up. Of course, it didn’t make much sense when you were a kid — how could giving your toys away to someone else possibly...
One of my partners recently published an article, Prevent & Detect Fraud Before It’s Too Late. The article focused on a number of areas and explained how analytics can be used to prevent losses. He noted that many Los Angeles and Southern California business executives might believe that fraud and...
Los Angeles and Southern California business owners and entrepreneurs have two options when it comes to which method of business accounting they will use: cash basis accounting (“cash accounting”) and accrual basis accounting (“accrual accounting”). Many owners and bookkeepers, especially in small businesses, believe that cash accounting is preferable to...
There is often confusion and uncertainty among Los Angeles and Southern California business owners and entrepreneurs when it comes to determining whether they need the skills of a controller or a CFO — or both of these positions, for that matter. These are critical, high-level financial positions in a...
You’ve undoubtedly heard the old saying that some people are so focused on the trees that they can’t see the forest. Unfortunately, many Los Angeles and Southern California business owners and entrepreneurs are so focused on the day-to-day tasks and challenges involved in running their businesses that they seldom...
Every day, 10,000 baby boomers are turning 65 years old, reports the Pew Research Center. Many of these boomers are small business owners, which means that there will likely be a surge of closely held businesses coming onto the market for sale over the next five to 10 years. If...