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 […]
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 […]
How To Handle Difficult People
Here are some effective strategies – The most important thing is to maintain composure and approaching the situation with a balanced mindset We all have examples of times when people react as opposed to respond. Impulsive reactions often exacerbate conflicts. Humans are inherently emotional and prone to reacting rather than responding thoughtfully There are many […]
Ten Easy Ways To Network Effectively
1. Make them feel comfortable 2. Appear confident and at ease 3. Use humor cleverly but in a self – deprecating manner (it endears you) (NEVER USE HUMOR AT OTHERS EXPENSE) 4. Show interest in them maintaining eye contact and actively listen to understand 5. Extend yourself, lean in showing interest and greet with a […]
Are you working IN your business or ON your business?
As a small business owner, the answer is likely “Yes” to both. Emphasizing the work ON the business is essential to ensure the business’s continuing success. Below are some strategies to help you: 1. Effective Time Management Is Essential a. Categorize your business tasks into 2 groups: (i) operational tasks (working IN your business); and […]
Building Strong Customer Relations
Every entrepreneur should keep ‘front of mind’ that customers are not just good for your business, customers are your business! It is a given that your customers are the most important need of your business: without them you have no business. It follows then that fostering an excellent relationship with your customers is the means to success. Understand […]
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 […]