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
With more of us likely staying close to home this summer, why not plan to either start a healthy and regular workout schedule or enhance your current routine? It’s never too late in the year to get your healthy on, so we’ve compiled a short list of tips to get you moving.
Since the Paycheck Protection Program started the government has published FAQ’s on a regular basis. There are now 37 Frequently Asked Questions, the last one was published yesterday.
So far the whole PPP loan process has been chaotic, from the free for all to apply for the loans to the lack of guidance on forgiveness.