After taking her morning coffee to her desk, Jessica sat down at her computer to look at her monthly financial statements. How could her business be losing money again? She had some great customers. On the other hand, she remembered
As a small business, data and analytics can have a major impact in your success. Check out this article to learn more: https://hbr.org/2017/06/how-to-integrate-data-and-analytics-into-every-part-of-your-organization
Don’t have the right tools and people in place? Let us help.
“It takes great strength to resist the dark side. Only the weak embrace it.” — Obi-Wan Kenobi
At CoEfficient, we not only love great Star Wars analogies, we also love data of all types, not just accounting data. Accounting data +
The long-term goal of every small-business owner is growth. When a company grows, more employees need to be hired to keep up with the increase of work. But the process of hiring is more complex than just finding qualified candidates.
The principles of accounting have existed since the days of Mesopotamia. In fact, according to historian John Steele Gordan, humans likely began to write simply because they wanted to track their money. Those early primitive methods worked for several thousand
The IRS continues to increase its scrutiny of Form 1099 reporting by individuals and businesses. The IRS uses 1099s submitted to them to be sure Form 1099 recipients report the income on their income tax returns. Failure to comply with
All entrepreneurs understand that there is a major “chasm to cross” between a startup and a growing, fully-functional company. There are plenty of charts and graphs showing 5 or 7 stages of company growth. Regardless of your framework, we all
Cash management, cash forecasting, and burn rate calculations are frequent concerns for entrepreneurs. One metric we love at CoEfficient is Days-to-Zero. Put simply, if your cash receipts stopped tomorrow, how many days until your business ran out of cash? While
No matter what stage you are in your business you need access to adequate funding sources to ensure success. There is no “perfect” way to financing a business, but there are some fundamental steps owners need to take to ensure
One of the toughest questions faced by a leadership team or a business owner is when to start taking dramatic steps to preserve your business. Most wait too long and human nature plays a big role in the waiting. So