Some Los Angeles and Southern California business owners and entrepreneurs have been through the process of an organizational turnaround. This topic is especially relevant right now as both the national and California economies begin to finally show some signs of life more than five years after the end (at...
Most Los Angeles and Southern California business owners and entrepreneurs are familiar with the concepts of cost and financial accounting. These form the basis of the financial operations for practically any business, regardless of its size. However, there are limitations to the overall usefulness of cost and financial accounting...
At the height of the Cold War back in the 1980s, President Ronald Reagan used a term that described his views regarding U.S.-Soviet relations and missile disarmament: “Trust, but verify.” Los Angeles and Southern California business owners and entrepreneurs would do well to take these words to heart when...
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...
A growing number of Los Angeles and Southern California business owners and entrepreneurs are taking the time to serve as board members for nonprofit organizations in their communities. Serving as a nonprofit board member is a great way to give back to your community by volunteering your time and...
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...
As we discussed in a recent article, it is critical for Los Angeles and Southern California business owners and entrepreneurs to find the right balance between the financial and operational sides of their companies. It is especially important that the goals and objectives of finance and operations be linked...
As we discussed in a recent article, once a business reaches a certain size, it needs to make sure that a solid financial and operational infrastructure is in place if it wants to be successful and progress to the next level of growth. A key component of this infrastructure...
Most Los Angeles and Southern California business owners and entrepreneurs start their businesses as sole practitioners, or perhaps two or three individuals starting a partnership. During these early stages of the company’s development, proper infrastructure might not be too important — things are less formal and the owner or...
With much fanfare, Apple Inc. has announced that it will soon release its latest gotta-have gadget for Apple enthusiasts: the Apple Watch. Since Apple was founded in 1976 by Steve Jobs, the company has perfected the art of creating and then announcing new tech gadgets that it positions as...