by Chris Hunter | Mar 25, 2016 | Business Plans, Profit Improvement
Even the smartest small business owner can do dumb things now and then. Unfortunately, some mistakes can kill a company. Just ask Jeff Seifried, small business coordinator for the City of Aurora, Colo., and Peter Tourtellot, chairman of the Turnaround Management...
by Chris Hunter | Dec 25, 2015 | Profit Improvement
Here are 12 profit improvement ideas for your business from Andy Hanselman. 1. Choose ‘em Or Lose ‘em! First of all, do you actually know where your profits come from? I don’t just mean, what’s left at the end of the month when you do all the ‘sums’, but who, how and...
by Chris Hunter | Nov 30, 2015 | Cash Flow Management & Modeling, Profit Improvement
by Chris Hunter | Jul 6, 2016 | Bookkeeping & Accounting, Business Development, Start-Ups
by Chris Hunter | Nov 29, 2015 | Bookkeeping & Accounting
Viewed historically, first there were bookkeepers and then there were accountants. Once the accountant’s qualifications became professionally recognized there was a fairly inflexible gap between the two roles that became pretty much the same worldwide....
by Chris Hunter | Feb 26, 2017 | Bookkeeping & Accounting
Very handy compendium of accounting education resources. Whether you’re studying to become an accountant, you teach accounting or you’re a layperson who wants a better understanding of accounting practices and principles, the 40+ individual resources in this guide...
by Chris Hunter | Nov 29, 2015 | Bookkeeping & Accounting
A business buys an off-the-shelf accounting system and proudly installs it, only to find after a few weeks that nobody knows how to use it, that it does not allow for unique data entry and does not meet the requirements specific to small business. It is going to cost...
by Chris Hunter | Nov 30, 2015 | Bookkeeping & Accounting, Cash Flow Management & Modeling, Profit Improvement
by Chris Hunter | Nov 30, 2015 | Cash Flow Management & Modeling
by Chris Hunter | Nov 30, 2015 | Cash Flow Management & Modeling
Outstanding accounts are a business asset, but not one that a business really needs. The costs of collecting an overdue debt can be high over a period of time and put a big hole in your profit margin. Collections are best done using a pre-planned system and not...
by Chris Hunter | Nov 30, 2015 | Bookkeeping & Accounting, Cash Flow Management & Modeling, Profit Improvement
First let’s ask, does your firm have a credit policy? An amazing number of professional services firms don’t have one, or if they do it’s relatively haphazard. It’s essential that your firm has a credit policy and that it’s known and...
by Chris Hunter | Mar 27, 2016 | Performance Management, Profit Improvement
Identifying and interpreting statistics for a business does not need to be a scary prospect. Tracking critical numbers helps monitor cash flow operation as well as profitability, which is all-important for businesses. Critical numbers and the mere mention of them make...
by Chris Hunter | Dec 24, 2015 | Cash Flow Management & Modeling, Credit Card & Merchant Accounts
by Chris Hunter | Nov 29, 2015 | Bookkeeping & Accounting, Financial Ratios & Formulas
by Chris Hunter | Nov 30, 2015 | Cash Flow Management & Modeling, Profit Improvement
While there’s no escape from preparing the financial information for a business plan, a step by step approach will help make the task less onerous. Similar to the overall business plan itself, the financial information should be divided into specific sections to...
by Chris Hunter | Nov 29, 2015 | Bookkeeping & Accounting
by Chris Hunter | Nov 30, 2015 | Borrowing Basics, Financial Ratios & Formulas
by Chris Hunter | Nov 30, 2015 | Bookkeeping & Accounting, Cash Flow Management & Modeling, Profit Improvement
by Chris Hunter | Nov 30, 2015 | Cash Flow Management & Modeling, Profit Improvement
by Chris Hunter | Dec 24, 2015 | Cash Flow Management & Modeling, Financing
by Chris Hunter | Nov 30, 2015 | Bookkeeping & Accounting, Cash Flow Management & Modeling, Profit Improvement
by Chris Hunter | Nov 29, 2015 | Bookkeeping & Accounting
by Chris Hunter | Nov 29, 2015 | Bookkeeping & Accounting
by Chris Hunter | Dec 25, 2015 | Financial Ratios & Formulas, Profit Improvement
Ratio analysis is a process that incorporates a series of simple mathematical functions and applies them to financial statements or projections to determine fiscal performance and conditions of a business enterprise. They become even more valuable when you compare...
by Chris Hunter | Nov 29, 2015 | Bookkeeping & Accounting
by Chris Hunter | Mar 26, 2016 | Cash Flow Management & Modeling, Inventory
Inventories have a way of growing. The justification is usually that “if we don’t have it we can’t sell it”, so a connection is made that translates as”the bigger the inventory we have, the more sales we’ll make”. If only it...
by Chris Hunter | Dec 25, 2015 | Cash Flow Management & Modeling, Financial Ratios & Formulas
by Chris Hunter | Nov 29, 2015 | Bookkeeping & Accounting, Cash Flow Management & Modeling
by Chris Hunter | Nov 30, 2015 | Cash Flow Management & Modeling, Profit Improvement
The best way to avoid overdue accounts is to avoid dealing with another firm’s slow paying customers. Almost every customer that’s going to be a problem for you is already a problem for somebody else. Does that mean never taking risks? Of course not. Every...
by Chris Hunter | Nov 30, 2015 | Cash Flow Management & Modeling, Profit Improvement
Any business that gives credit knows it has to provide for non-payment of a portion of the total amount it’s owed unless it has an absolutely flawless credit policy, but there are early warning signs that can help you know when a debtor business is heading into...
by Chris Hunter | Dec 24, 2015 | Cash Flow Management & Modeling, Financing
by Chris Hunter | Nov 30, 2015 | Borrowing Basics, Cash Flow Management & Modeling
by Chris Hunter | Jun 2, 2017 | Financing
by Chris Hunter | Dec 24, 2015 | Financing, Start-Ups
by Chris Hunter | Mar 25, 2016 | Cash Flow Management & Modeling, General - Operations, Profit Improvement
With the local economy in the dumps, business development advisors are working with clients to tighten up their defenses. In addition to dispensing advice on how to better monitor cash flow and accelerate receivables, business development advisors are helping clients...
by Chris Hunter | Nov 29, 2015 | Bookkeeping & Accounting
by Chris Hunter | Mar 27, 2016 | Business Plans, Cash Flow Management & Modeling, Performance Management, Start-Ups
A professional services day is theoretically the same as any other – 24 hours long. But when it comes to how many of those hours can be dedicated by managers to earning fees you’d probably be surprised just how small the number actually is. If the working week were...
by Chris Hunter | Dec 25, 2015 | Financial Ratios & Formulas, Pricing
by Chris Hunter | Nov 30, 2015 | Cash Flow Management & Modeling, Profit Improvement
by Chris Hunter | Dec 24, 2015 | Credit Card & Merchant Accounts
by Chris Hunter | Nov 29, 2015 | Bookkeeping & Accounting
by Chris Hunter | Dec 25, 2015 | Financial Ratios & Formulas
by Chris Hunter | Dec 24, 2015 | Financing
by Chris Hunter | Dec 25, 2015 | Personal Finance & Investment Mgt
by Chris Hunter | Dec 25, 2015 | Financial Ratios & Formulas, Pricing
by Chris Hunter | Dec 25, 2015 | Financial Ratios & Formulas, Pricing
by Chris Hunter | Nov 29, 2015 | Bookkeeping & Accounting, Financial Ratios & Formulas
by Chris Hunter | Dec 25, 2015 | Financial Ratios & Formulas
by Chris Hunter | Oct 29, 2015 | Financial Ratios & Formulas
by Chris Hunter | Dec 25, 2015 | Financial Ratios & Formulas, Pricing
Chris’ combination of academic credentials, career experience and temperament ideally suit his calling as a business development advisor. Clients say he has a mind for business and a heart for service.