The idea behind traditional business insurance is relatively simple: Your company pays premiums to an insurance company that promises to pay out claims if your business suffers a covered loss. But some companies are looking at insurance in a whole new way that enables them to essentially form their...
Have you given much thought to what would happen to your business if you were to unexpectedly die or become disabled and no longer able to run things? Many owners of small and mid-sized firms haven’t — and this can end up being a huge mistake if one...
Owners and CEOs of small and mid-sized firms rely on a variety of different tools to help them run their companies effectively. This includes both internal tools, like the latest financial and accounting software programs, and external tools provided by vendors and partners. Among the external tools that are commonly underutilized...
Tax reform has once again become a hot-button issue since the election of Donald Trump as president. In particular, Republicans and President Trump have floated the idea of a border adjustment tax, or BAT, on imported goods. The stated goal of a BAT would be to encourage U.S. companies...
In recent articles, we have discussed how business owners and CEOs are addressing risk management and cyber security in their organizations today, as well as how disruptive a lack of planning for contingencies can be. Cybercrime is an especially hot topic for businesses right now when it comes to...
Successful business owners and CEOs know that it’s important to cultivate a number of key relationships in the course of running their businesses. These include relationships with their attorney, accountant, financial advisor and outsourced CFO services provider. Another important relationship that should be carefully nurtured is the relationship with your business...
Any entrepreneur who has been in business for any length of time knows that it takes capital to run a successful company. But some business owners get so caught up in the product development, manufacturing and distribution, or sales and marketing side of their company that they neglect the...
With respect to the extremely important relationships small and mid-sized firms have with their partners and stakeholders, the people who have “put their money where their mouth is” in terms of backing up their beliefs in a business with cold, hard cash, it’s important for business owners and CEOs...
“If you’re not growing, you’re dying.” Many owners of successful small and mid-sized firms have taken this business adage to heart as they seek to grow their companies. This is especially true considering the growing economic and business optimism that has taken root nationally and here in Southern California...
No matter how diligent your company might be when it comes to performing credit checks on your customers, you might still sometimes have trouble collecting your receivables. In some industries, bad debt is considered an unfortunate cost of doing business. But there could be a silver lining to bad...