Is Your Accounting Up To Par?
Maintaining a strong accounting system is essential for sound decision making, effective cash management, securing financing, and supporting long-term growth. The Association of Senior Executives (ASE) recommends that clients prepare and review financial statements monthly, including at a minimum a Balance Sheet and an Income Statement. There are several important general considerations to keep in […]
Setting Goals for the New Year
This is the time of year that Business Plans are made for the upcoming year and beyond. Every successful business needs a roadmap. Without clear direction, priorities are not understood and employees waste time on non urgent and insignificant issues. Confusion and disruption occur. Crafting a Strategic Plan that provides your organization’s direction and defines its priorities over a specific time frame, […]
Turning Difficult Times into Opportunity
Difficult times are not just inevitable in business — they are often essential for growth. Instead of reacting with panic, strong leaders use challenges as catalysts for transformation. Hardship can sharpen focus, fuel innovation, and strengthen both culture and structure. Here are some practical ways to turn adversity into opportunity: Deepen Connections with Your […]
Planning for Retirement
As a small business owner it’s probably hard to imagine, but, at some point, you will retire. How you will be able to retire is, from a financial perspective, probably harder to imagine. With the right plan you can. The right plan can: 1. Ensure a steady income. After all your hard work, you deserve financial […]
WHY KNOW YOUR BREAK-EVEN POINT?
Navigating the Break-Even Point for Entrepreneurs For entrepreneurs, the idea of aiming for a break-even point might raise eyebrows. Isn’t the goal to make a profit, rather than just breaking even? It might sound like a setback or even a hint of failure. However, understanding the break-even point is a game-changer for your business decisions. At […]
Six tips to better manage Cash flow
We meet so many businesses at ASE. One of their key worry … “running low on cash” Cash in the Bank (and/or availability of credit) is essential to keep the wheels of your business turning. Cash is needed to cover running costs (overheads, supplies, staff etc.) Then of course there is growth. So many get […]
CASH IS KING!
In most businesses, you should be evaluating profitability on a regular basis. This is an extremely important measure. However, equally important, and critical is evaluating cash flow! During a fiscal year, you would be looking at profitability weekly or monthly, but daily you should be looking at whether you are generating enough cash to keep all operations going. As an example, be […]
GROWING YOUR BUSINESS ONLINE
Creating a strong online presence, as we all know, is critical for today’s small business. However, it is daunting to navigate through its unfamiliar terminology and complexities. The following is a simple roadmap that explains the key elements and how your online approach should fit together: Develop an outstanding website! This is the hub of everything. Make […]
Do I need a Business partner?
In our ASE Advisory meetings we often come across this comment from businesses we advice. “I need a partner”. Sometimes so frustrated is the client, that I believe they simply seek an accomplice they can blame. Other times the comment is valid. Work load excessive; Skill sets missing; such partners fill gaps in resources such […]
De-risking the Technology Procurement Process
The digital ecosystem is here to help meet the potential and growth of your business. The process can better help manage and integrate the important parts of your business with IT technology software applications meant to help your business run more efficiently and knowledgably. IT strategy [information technology strategy] is a comprehensive plan that outlines […]