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Business problems and their solutions are as varied as the
kinds of businesses in existence. There are some issues, however,
that every business faces. Whatever your business concerns, we can
provide the help you need.
Whether you are starting a business or operating a going concern,
we can help you select the proper organizational structure and help
you secure adequate financing. We will work with you and your banker,
lawyer, insurance agent, and other advisors to solve your business
problems.
We can assist you with loan applications, pricing, credit policies,
cash flow concerns, cost controls, and other management issues.
We will gladly assist you in reviewing your operations to see what
you might do to be more profitable.
What makes a business successful?
Never stop investigating ways to improve all areas of your business.
The astute businessperson will seek information to assist him or
her in making the changes necessary to stay profitable in a competitive
business world.
Here are some ideas that could improve your profits:
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Do your homework.
Before you start a new business, be sure the community can support
such a business. Some areas are not large enough to warrant
certain specialty shops. A bicycle shop, for example, may take
a population base of 50,000 people to make it profitable. A
grocery store, on the other hand, can be profitable in a town
of only a few thousand. |
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Carefully review business proposals.
Business deals and special franchises which sound too good to
be true usually are. We will gladly assist you in reviewing
any business purchase or business proposal. |
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Enlist the services of professionals.
Accountants, bankers, insurance agents and lawyers can help
you solve your business problems. These professionals handle
a variety of business problems every day. They make excellent
sounding boards for proposed transactions. |
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Check reasons for incorporating.
Don't incorporate your business without first checking the long-range
tax and nontax considerations. There are many small corporations
that would have been better off operating in some other legal
form. |
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Make payroll deposits on time.
Some businesses receive penalties for late payroll tax deposits.
To avoid such problems, don't sign payroll checks unless the
first check in the stack is the payroll deposit to your bank.
This may have you paying deposits earlier than required, but
you will not be receiving penalties. |
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Listen to your customers.
You are not only selling products or services, you are selling
customer satisfaction. Satisfied customers return to spend more
money and are likely to refer new customers to you. |
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Strive to retain customers.
It is estimated to cost ten times as much to acquire a new customer
as it does to retain a current customer through good customer
service. |
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Don't make yourself indispensable.
If your company runs well now in your absence, it will run well
in the event of your disability or death. If you are currently
indispensable, start training people now. One of the most rewarding
forms of retirement is to own your own company and to be absent
as much as you like. |
Give us a call for a no-charge initial conference. You should interview
us, as you would any professional, to determine if we will be a
good long-term match for you and your business. If we don't have
the answer to your problems, we will assist you in locating someone
who does. We always welcome your questions.
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