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...
With the digital revolution that has occurred in recent years and the growing use of scanners and email, Los Angeles and Southern California business owners and entrepreneurs are now creating and sharing more business documents in electronic formats like PDFs. While there are many potential benefits of creating and...
It may be hard for some financial professionals to understand, but not everyone in this world is a “numbers person.” For some people, crunching numbers and analyzing spreadsheets comes naturally, and they enjoy it — such people tend to go to work in the financial field. For others, digging...
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 often find themselves in situations where they need to raise business capital for one reason or another. Maybe they want to grow their companies and need a capital infusion to purchase more inventory, add more employees or expand their operations....
During the recession, many Los Angeles and Southern California business owners and entrepreneurs focused like a laser on expense management in an effort to boost their bottom line. With the economy now growing again — and sales and revenue along with it at many companies — it’s inevitable that...
The volume of email that is generated in today’s digital world is truly mind-boggling. About 109 billion business emails are sent and received every day from about 974 million business email accounts. Including personal emails, the total volume of email sent and received worldwide every day is close to...
When making IT investments, most Los Angeles and Southern California business owners and entrepreneurs have traditionally used the capital expenditure (or CapEx) model for purchasing computers, software and other IT equipment. They bought the equipment and software outright, owned it and used it until it became ineffective or obsolete. With the...
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...
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...