It”s common wisdom that setting goals makes things happen. I was out meeting with clients this week preparing budgets for next year. Since we work a lot with small business owners the first question is usually “what are your goals
When inquiring with small business owners about Internal Controls the answer is almost always, “we can’t afford the staff to have Internal Controls” or “we are too small to need Internal Controls”.
At the highest level Internal Control is defined as:
Know your costs
In order to cut costs strategically you must first know your costs. You must be able to see what your costs have been over time and hopefully have a plan for the future.
Knowing your costs is sometimes easier
Consider the Big Picture
Let”s examine more closely why looking at the big picture is so important. For starters, the big picture gives you a wider view of your market and your business.
Clearly, good strategies are critical to making good business
Some business owners are headed into a new year knowing they may need to reduce their costs to make their business healthy or to meet their financial goals. This is never and easy task, strategically, legally or emotionally. We thought