Finance & Accounting

The Cost Advantage of Outsourcing Runs Deeper Than You Think

Posted: May 16, 2019 - Blog, Finance & Accounting

Cost savings are one of the most widely cited reasons for adopting outsourced services. And while it’s true that outsourcing can help to minimize certain budget items, it’s overall effect on financial health is much bigger than that. In the best cases, outsourcing helps companies save money now, drive revenue later, and build a competitive Read More

Outsourcing – Is it a Dirty Word?

Posted: April 30, 2019 - Blog, Finance & Accounting

              The word outsourcing conjures up a lot of negative images, especially for small business owners. It suggests job cuts, loss of control, and lack of transparency. According to popular thinking, businesses that outsource are either extremely ruthless or especially desperate. And, because of that perception, a lot of Read More

When You Can’t Find Talent, Outsourcing is Ideal

Posted: April 11, 2019 - Blog, Finance & Accounting

                  Professionals change jobs for lots of reasons – better pay, different office environment, new city, larger role etc. What’s important to note is that professionals are changing jobs more often than ever before. A recent survey showed that 64% of professionals strongly consider a job change Read More

What Goes Up, Must Eventually Come Down

Posted: April 11, 2019 - Blog, Executive Focus

With 24/7 media coverage and so many choices to gather information we are not lacking for options when trying to forecast economic activity.  The largest discrepancy in these forecasts is the timing of the next recession.  We are in the midst of the longest running growth period and as we all know business is cyclical Read More

How to Use Technology to Streamline Back-Office Operations

Posted: March 18, 2019 - Blog, Finance & Accounting

  A recent survey showed that 70% of companies are either pursuing digital transformation or planning to soon. What’s digital transformation? It’s when companies rely on integrated technologies to automate or upgrade everything they do – including accounting. Using one data-driven platform to handle every aspect of accounting allows companies to streamline their entire back-office Read More

5 Best Business Practices to Follow in 2019

Posted: March 18, 2019 - Blog, Executive Focus

I recently had a brain storming session with a long time Executive Focus client of mine that is a distributor.  The topic was about how to increase sales.  Our approach was to focus on the well-being of their dealers.  What could be done to help their dealers become more profitable thus inciting sales?  Managing their Read More

New Business Year, New Business Plan

Posted: February 13, 2019 - Blog, Executive Focus

The turn of the year is always an interesting time to evaluate where your company needs to be in terms of the sales to break even.  Of course the objective is to make a certain level of profit but you are operating blind if the starting point is not a breakeven analysis.  Most small companies Read More

How Strategic Training Can Strengthen Your Team

Posted: November 29, 2018 - Blog, Executive Focus, Family Business

Attorneys, accountants, and professionals in general are familiar with the concept of continuing education (CPE) and I think we would all agree that training is important at all levels of an organization.  Unfortunately we are currently in a business environment that presents challenges from a labor shortage perspective.  Because of labor shortages companies are in Read More

Are You Neglecting Your Cost of Quality?

Posted: October 30, 2018 - Blog, Executive Focus

Cost of Quality in theory has been around since the 1950’s, but I find that many of my clients do not track or have a complete understanding of this concept.  COQ is often misunderstood.  It is not just the price of creating a quality product or service.  It is the cost of NOT creating a Read More