Why GAAP Accounting Is Killing Your Business

If you’ve been in business a while you’ve almost certainly encountered Generally Accepted Accounting Principles (GAAP) accounting. It’s the standard way entrepreneurs have been crunching the numbers for their businesses for nearly the past 100 years....

Use Financial Information to Increase Your Business Profits

Most successful business managers use financial information, like statements and other special reports, to generate higher profits. If you haven’t been using all the financial tools available to you, here are some ideas to get you started. There is no need to...

The Survival Trap That Keeps Your Service Business Stuck

Running your service business and making decisions based on the number in your bank account leads to a lot of problems.  One of which is known as the Survival Trap. Service business owners fall into the Survival Trap when they start to feel the stress of a low...

The Dangers of Bank Balance Accounting

There is an interesting phenomenon that you’ve probably noticed in your business if you’ve been around for long enough.  It always seems that as soon as you get some extra cash or finally get an outstanding invoice paid, a big expense shows up and there goes your...