Your employees make a lot more than they think they do. The next time they complain about not taking home enough, you might want to remind them how much you are actually paying to keep them gainfully employed. We have created a simple spreadsheet that will help you determine how much each of your employee [...]
Read More...Rising health care costs and vanishing profits have led many small businesses to cut back their health care benefits to high-deductible HSA plans that cover mostly catastrophic events and not much else. Although these plans can make sense to help bolster profits in the short-term and can be popular among younger employees it can become [...]
Read More...Sports teams compete against each other and they keep track of the score. They know who wins and who loses, and each player on the team has more statistics on their performance than they know what to do with. Individual sports athletes, like golfers and runners, meticulously measure their performance against themselves and others and [...]
Read More...Every business should project its cash flow at least 90 days into the future. It should be broken down weekly and should be reviewed and updated weekly. Microsoft Excel is often an adequate tool for this important weekly report.
Read More...2 weeks ago I was one of 26 14-18 year-old boys, youth leaders, and fathers that embarked on a 63-mile 5-day backpacking trip in the Uinta mountains. King’s Peak, the highest mountain in the state at over 13,500 feet in elevation, was just one of the many challenges of the week. Here are some important [...]
Read More...Very few business owners are thinking about taxes in August. Even if they extended their returns, the deadlines to file corporate and personal returns are in September and October, respectively. With no urgent deadline to meet, business owners are happy to not think or worry about taxes and focus on other parts of their business.
Read More...We are experiencing a never-before-seen phenomenon. The first version of the video below was powerful, but this second version really drives the point home – the ROI of Social Media is that you will still be in business in 5 years. See for yourself:
Read More...I recently saw this video and enjoyed its message. I think its message is clear – entrepreneurs are changing and improving the world. Many people incorrectly think that entrepreneurs start businesses for money. Money is a means to an end, while the challenge of building something that makes a difference is the reason they get [...]
Read More...Compliance is not very interesting or fun according to most entrepreneurs or business owners. That’s why they usually put off discussing taxes until the very last moment possible. Not only does this usually cost them more in taxes, but the entire process can be one of the most compelling things they do, if they do [...]
Read More...
Since the beginning of my career in the 1990s, I have been a student of sales and marketing, especially in the professional service space. I decided to create a list of my favorite books on this subject since I have been sharing it with more and more people recently. Here is the list, in no [...]
Read More...UVEF Recognizes Utah CFO Services Firm as a High Growth Start-Up 3-Years in a Row Provo, Utah – July 8, 2010 – The Utah Valley Entrepreneurial Forum (UVEF) today announced the winners of its 2010 “Top 25 Under Five” Awards, spotlighting outstanding Utah entrepreneurs and start-up companies. For the third consecutive year this prestigious list [...]
Read More...[Author's Note: This post is not about the Twilight Series' release of its third movie. I do, however, admit that my wife took me to the first two and will likely take me to the third soon.] At 4:17am on Saturday, June 26th 2010 I saw the beginning of a lunar eclipse. I was on [...]
Read More...As my children split the earnings from their first lemonade stand just a few days ago, I couldn’t help but take the opportunity to teach them a little about entrepreneurship. Here is their grade in 5 critical areas of running a business, with some application for all business owners and entrepreneurs to consider:
Read More...I recently read a book, Built to Sell by John Warrillow and spent a few moments reflecting on the challenges facing some of the clients I work with. In the book Mr. Warrillow proposes that to sell a business you basically need to build a structure that can exist and continue without your day-to-day involvement. [...]
Read More...
