Many Los Angeles and Southern California business owners and entrepreneurs spend a lot of time and money travelling to meet with customers, prospects, vendors and others. In fact, travel is an accepted expense that’s considered to be just a part of doing business for many companies — and a...
When starting up new companies, Los Angeles and Southern California business owners and entrepreneurs often rely on a Certified Public Accountant (CPA) to handle their finances and prepare and file their business tax returns. Using a CPA to handle these tasks may work for a while, but as a...
Many Los Angeles and Southern California business owners and entrepreneurs make sure they visit their doctor once a year for an annual checkup. This is the best way to uncover potential health problems early on, like high blood pressure or cholesterol, and treat them before they can lead to...
Most Los Angeles and Southern California business owners and entrepreneurs aspire to grow their companies. Growth is usually a sign of progress and it’s far preferable to the alternatives — stagnation or decline. In addition, growth can result in financial rewards and new challenges and opportunities for owners and employees,...
Most Los Angeles and Southern California business owners and entrepreneurs are familiar with the 80/20 rule. Also known as the Pareto principle, this rule states that for many events, 80 percent of the results come from 20 percent of the participants. This principle was originally identified by Vilfredo Pareto...
Choosing the right discounting strategies is one of the biggest ongoing challenges for Los Angeles and Southern California business owners and entrepreneurs. This is true for both manufacturers of products and providers of professional services. Many CEOs, CFOs and controllers find themselves constantly evaluating and re-evaluating different discounting models and...
Many Los Angeles and Southern California business owners and entrepreneurs realize that success — both in business and in life in general — is all about balance. There’s work-life balance, of course, as well as balance between the different departments of your company. It’s especially important to find the right balance...
In this series of articles, we have been focusing on what I refer to as the “four cornerstones of business success” — mission, vision, values and culture. These principles are so important that I do not believe Los Angeles and Southern California business owners and entrepreneurs can be successful...
In this series of articles, we have been focusing on what I refer to as the “four cornerstones of business success” — mission, vision, values and culture. These principles are so important that I do not believe Los Angeles and Southern California business owners and entrepreneurs can be successful...
The main reason most Los Angeles and Southern California business owners and entrepreneurs launch their companies is to earn a profit. Given this, it’s surprising how many of these owners and entrepreneurs do not know how to accurately determine whether or not their businesses are profitable. You might be working...