- How much should you have in cash reserves? In standard
The business owner on the other end of the line still sounded shell shocked. His bookkeeper had just walked into his office to announce she was quitting. He was calling us for some emergency transition help. Like many small businesses, this woman ran his whole back office operation. She managed cash, she paid the bills,
This week we’ve asked Lisa Fried-Grodin, an attorney with Meyers Fried-Grodin LLP to be our guest blogger and give us some insights into the changing situation with the new overtime laws. Another November Surprise: Federal Court Blocks New Overtime Rule From Going Into Effect By Lisa I. Fried-Grodin Today, the United States District Court for
It’s the classic chicken or the egg situation. Do you hire a new person to handle all the new business you think is going to come in? Do you wait for the new business to come in then hire someone? It’s the age-old question every entrepreneur has had to consider. Hiring a new person is
We often run into companies that book costs under one category — Payroll. And that Payroll line is often found in the expenses section of the P&L, not up in Cost of Goods Sold. So who cares? Labor is labor — especially if you are paying salaries, right? It’s not a variable cost, right? Wrong.
What would have happened to the Titanic if they knew about the size of the iceberg before they hit it? If you aren’t getting the right– and timely– information from your accounting department, it may be a sign that it may need an overhaul.
Ask any business owner if they ever have enough money or enough people to get the job done and their answer is probably a guffaw and a resounding “NO!”
When you ask them who they need (in a perfect world) you’ll hear they need sales people, operations people and line workers. Rarely do they say they need this one critical position.
When businesses look for cost savings, one of the first places they look is to reduce one of the largest expenses on their P&L–their employees. We agree that employees are a great place to start saving money– except our approach comes with a twist.
For any business to be successful, they need to have a good plan looking at the 4Ms of business: Money. Do you have enough money so that your business is paying its own bills? Or does the owner or investors need to sink their funds into the business to keep it afloat? If you are
Buried in all of the financial news is a new law that could have tremendous negative impact on small business owners nationwide. It is called the Employee Free Choice Act (EFCA), and it would allow workers to unionize very easily and relatively quickly if passed. I recently attended a seminar by Jackson Lewis,a law firm
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