Category Archives: 1-Minute Wednesday Videos

1-Minute Wednesday: Hiring In

When interviewing accounting candidates, business owners sometimes get stuck because they don’t know what they are looking for or the right questions to ask. Well, if you ask me, in the world of accounting, integrity is first and foremost. When you hire an accountant, you’re giving out the keys to the kingdom. So before getting…
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1-Minute Wednesday: 5 Ways To Maximize Business Value

Many of our clients seek to sell their businesses at some point in the future. Over the years, we have come to learn the factors that maximize business value: Financial performance through profitable growth over a period of time. Low concentration risk – no reliance on any one entity Recurring Revenue - the more automatic,…
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1-Minute Wednesday: 5 Red Flags Business Lenders Watch For

Most of our clients have applied for a business loan at one time or another. Over the years, we have come to learn the red flags that lenders look for when evaluating a business loan or line of credit. I’d like to share those with you today: Consistent profitability Debt to Tangible Net Worth Ratio…
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1-Minute Wednesday: Systematize Processes to Maximize Peace of Mind

If one of your employees left unexpectedly, how quickly could you recover? How much does your business rely on you, the business owner? Are there tasks you should hand off to someone else? Are you making the highest and best use of your time? Systematizing your business means having peace of mind. Whenever there’s a…
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1-Minute Wednesday: Building Trust

If you are in a services industry, you are in the business of trust. And the only real way to build trust is by building deep personal relationships with your clients. So, Be Curious. Ask about their life and their business in general – show curiosity and concern for their personal well-being and the people…
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1-Minute Wednesday: Cash Flow Forecast

82% of business failures are due to poor cash flow management. The key to a solid cash flow forecast is getting accurate amounts and timelines for the cash inflows and outflows. The best way to do this is to look at your history, come up with some assumptions, then think about how the future may…
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