Small Business

Analysis for Managers: Financial Ratios

Posted on May 31, 2017 in Setting up a Small Business, Small Business, Small Business Tips and Tricks Series, Taxes | Comments Off on Analysis for Managers: Financial Ratios

Analysis for Managers: Financial Ratios   If I were to tell you that someone weighs 75 lbs, you might say that he/she is a very light person. But what if I told you that person was a one-year-old? You would probably either fall off your chair, drop you phone on the ground or just flat out think I was bluffing. And what if I told you that a certain company made a $1 million profit last year? Sounds like a big number, right? Does it change your perspective if I tell you that this company did $100 billion in sales last year? That’s only a 0.1% profit margin. Pretty slim in all reality. The...

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Analysis for Managers: Cash Flow

Posted on May 30, 2017 in San Diego Lawyer, Setting up a Small Business, Small Business, Small Business Tips and Tricks Series, Tips for Entrepreneurs | Comments Off on Analysis for Managers: Cash Flow

Analysis for Managers: Cash Flow   Have you ever been confused at the fact that you can sit at your desk and wonder, “How on Earth am I going to make payroll?” and yet the P&L (Profit and Loss statement) your accountant or QuickBooks just showed you says that your company is turning a healthy profit? Welcome to cash flow problems! This won’t be a completely comprehensive article on the subject but it should be enough to at least get you started or pique your interest. And for many, this will just be a quick review. Below are four key points regarding the ever important concept of...

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Not Filing Taxes Could Get You in Trouble with IRS says Gary Quackenbush Tax Expert

Posted on Apr 6, 2017 in San Diego Lawyer, Small Business, Tax Season, Taxes, Tips for Entrepreneurs | Comments Off on Not Filing Taxes Could Get You in Trouble with IRS says Gary Quackenbush Tax Expert

Gary Quackenbush on NBC TV with Consumer Bob CONSUMER BOB HELPS TO SAVE YOU MONEY AND TIME Not Filing Taxes Could Get You in Trouble with IRS Here is the link to a TV show Gary was on with Consumer Bob. The question was whether the IRS would catch up to you if you did not file a tax return. The answer may surprise you. LINK – Quackenbush on TV with Consumer Bob – Late Filed Taxes – 2 minute video...

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Analysis for Managers: Industry Analysis

Posted on Mar 31, 2017 in Small Business, Success | Comments Off on Analysis for Managers: Industry Analysis

Analysis for Managers: Industry Analysis   The next important analysis to undertake around your business is an industry analysis. This is where we look at the entire landscape of the economic branch in which your business operates. To do this we’ll use a well-known and effective tool, called the “Porter’s Five Forces,” which helps a manager to understand the current and future profitability outlook of his/her business. Figuratively and literally, each of these “forces” presses/suppresses profit margins within a given industry. So, grab some paper, a...

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Analysis for Managers: Customer Analysis

Posted on Mar 30, 2017 in Small Business | Comments Off on Analysis for Managers: Customer Analysis

Analysis for Managers: Customer Analysis   As we begin our first functional post on analysis, let’s begin with a simple definition. One simple definition is: “ [A] detailed examination of the elements or structure of something, typically as a basis for discussion or interpretation.” With that in mind, today we’re going to examine our customer base and interpret their interactions with our business. The two main things we recommend are 1) building and maintaining a detailed customer base and 2) talking to your customers. Building a database will help you to discover patterns in your...

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New Series: Analysis for Managers

Posted on Feb 28, 2017 in Entrepreneur, Small Business | Comments Off on New Series: Analysis for Managers

New Series: Analysis for Managers An essential capability of managers is the ability to analyze. Analyze situations, numbers, markets, trends, products, people, financials, and more. For that reason, we’re excited to launch our newest series: Analysis for Managers. This new series will feature posts on everything from the cognitive process of analysis to analyzing financial ratios and a business’ customer base. But before you decide that you’re exempt from “this type of thing” and your not planning to read our upcoming posts because you “never liked math...

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