March 12, 2019
Working On Your Business
Our firm belongs to an industry group called Mentor Plus. Since 1996 Mentor Plus has coached, mentored, and trained hundreds of business owners, managers, and accounting firms on how to maximize their potential. They provide tools and training to help CPA’s help small businesses become more successful. In a rapidly changing world, small businesses need to plan ahead now more than ever.
One of our favorite tools is their Business Stages of Development/SCOPE Matrix. This allows a small business owner(s) to assess performance in 4 critical areas of their business – Finance, Customers/sales, Operations and People/management as well as their “End in Mind”/Exit strategy.
Based upon where your business is in its life cycle, (Infancy, Adolescence or Maturity) you can determine your company’s strengths and weaknesses. For example, the Financial foundation for your business is to have accurate and timely financial statements, (balance sheet and profit & loss) bank reconciliations and accounts receivable and payable. Many businesses struggle with their Financial foundation so they cannot get to the next stage of their business development, where they use their financial information to profitably plan and manage their business.
Give these business stages of development some thought to see where your business stands and what you could improve.
BOSS is the answer to your back office headaches. Our cloud-based solution enables you to hand complex accounting tasks over to us. We work the numbers while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.
I started working with John T. Lally CPA, PC about two years ago, and right from the start have been impressed with the service and responsiveness...read more
John has helped us to reduce our costs, increase our profits and create a close connection between the everyday operation of our business and our financial reporting...read more
John has become more than my accountant. He has become a business advisor and someone I trust to look out for my best interest...read more
It’s back-to-school season, and that typically means buying a lot of stuff to prepare kids for the start of a new academic year. While 2020 may look a bit differently (some schools may enact online learning and/or hybrid models), kids will still need a few essentials—from backpacks to electronics. Here are a few tips to keep your back-to-school shopping within your budget.
For many businesses, COVID-19 forced them into a remote office model. Months into the pandemic and having had a successful experience, a lot of business owners have decided to maintain virtual workspaces. For those adopting this new normal, upping security must be a priority to keep data safe.
It’s hard to believe that we are already into July. Even with the deadline for filing your return and making a payment (if you owe) being extended to July 15, 2020, it still seemed like it came upon us fast. With only a few weeks left, be sure to get any final documents to us and answer any outstanding communications immediately.