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 […]
Mental Prep for Retirement
When we think about retirement planning, the focus is usually on money: rates of return, investments, inflation, income needs, and longevity all neatly wrapped up in spreadsheets. These are all essential for determining when you can retire and how long your income will last, but they don’t guarantee a meaningful or fulfilling retirement. Equally important […]
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 […]
Do I Need A Holding Company ?
You, (or you & others), own the shares of the company that operates your business (aka OpCo). Do you need a holding company (aka HoldCo) that would own the shares of OpCo? This is an important question. Some advantages of a HoldCo are discussed below. Setting up and maintaining a HoldCo involves administrative and regulatory compliance requirements, (similar […]
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 […]
The Importance of A Pro Forma Evaluation
Using a Pro Forma Financial Statement Your financial statements provide a snapshot of your business’s finances and performance at a point in time; they provide information on profit, cost of goods sold (COGS), expenses and earnings before interest expenses and taxes (EBIT) . The foundation for planning the future course of your business starts with your financial […]