As a mid-sized business owner or executive, you often walk a fine line when it comes to making business technology investments. You know that technology is essential to boosting productivity and maintaining a competitive edge, but there always seem to be other priorities when it’s...
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...
There are many potential reasons why businesses pursue mergers and acquisitions (M&As). Acquisitions are often used to accelerate a company’s revenue and earnings growth. Post-merger integration can generate economies of scale. And it’s sometimes shrewder to buy expertise or capabilities by acquiring another company than...
At some point or another, every business owner and executive will face finance challenges. Some will be fairly small with relatively minor consequences, while others will have potentially significant consequences in the future.
When facing these business finance challenges, you will encounter choice points in several...
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...
The accounting terms, financial forecast and financial projection, are often used interchangeably, even by some financial professionals who should know better. There are some subtle but key differences in the meaning of these terms that it’s important to understand in order to prepare accurate financial...
For years, businesses in a wide variety of different industries have realized the benefits of implementing a recurring revenue or subscription usage-based business model. With a recurring revenue model, the initial sale of a product or service is just the beginning of a potential ongoing...
Starting up a new business is one of the riskiest, and also the most exciting, things that an entrepreneur can do. The success rate of new startup businesses is a coin flip — about half fail during the first four years, according to the Bureau...
As you’re probably aware, Congress passed comprehensive tax reform legislation at the end of 2017. The Tax Cuts and Jobs Act (TCJA) made sweeping changes to both corporate and individual taxes, lowering tax rates across the board and introducing other beneficial provisions.
Since most of the...
There are many entrepreneurs and business owners who have great ideas for new businesses. Many of them even have experience with business operations and management and expertise in a particular industry or with a specific product or service.
What keeps many of these prospective entrepreneurs from...