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
We can all get caught up in the day…meetings, calls, texts, emails and the myriad of other workday demands that pile up quickly and can create unwanted stress.
Labor Day is upon us—a popular holiday that is dedicated to the millions of women and men who keep this country going strong. For many, it also means that it’s time to break out the grill for that big end-of-summer celebration. And because most of us aren’t Grill Masters, this is a good time for a refresh on some basic grilling safety tips to keep everyone safe and the party going.
Let’s face it. Kids aren’t cheap, so you have to save money where you can. Back-to-school shopping is a good place to start because costs can add up quickly—especially if you have more than one child. Consider these tips for sending your kids back to school without breaking the bank.