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How To Calculate Return On Investment
Accountant Miami: As I look over the business plans and projections that people share with us, one thing I constantly see is a lack of sophistication in calculating the investor’s return. Here’s the typical presentation I see: The entrepreneur needs $400k to start the business, believes he/she can return to the investors $100k per year, and therefore …
10 Blogging Tips That Will Improve Traffic 100%
1) Got rid of PPC and decided to focus on earned traffic through blogging. In the early days–when companies weren’t using PPC–the cost-effectiveness was relatively high. As more competitors utilized paid search, pool-related keywords became more and more expensive. For most small businesses, this meant it was time to focus on organic content and traffic. …
Why Use a Dashboard?
Having to collect, review, or analyze massive amounts of data can be overwhelming for anyone. That’s why industry leaders such as Microsoft and IBM devote so many resources to developing dashboard technology and dashboard software. A dashboard is a computer software program that handles and processes bulk data so that data values are represented in …
Forecasting
As a Miami Accountant I’m often asked about projections vs budgets vs forecasts. Today we will talk about what happens when reality starts to differ from what you’ve budgeted – you re-forecast. Projections are long-term high level efforts to establish the scope of the opportunity. Budgets are an effort to establish an operating framework for …
You Never Learn Anything While You are Talking
When you are not presenting to investors or your team, try to spend more time listening than talking. You can’t learn anything new while you’re talking, yet many entrepreneurs seem to never stop. It’s a sad spiral, since the more you talk, the less people really hear, meaning they don’t learn anything either. Building a …
Tracking Key Business Metrics
As a Miami Accountant, I urge every small business to have and track a set of metrics on a regular basis. These metrics could include some of the accounting metrics like cash, revenues, profits, etc but it should not be limited to those kinds of metrics. Early on when the company is developing its first product or service, …
Analyzing Financial Statements
This topic could be and is a full semester course at some business schools. It is a deep and rich topic that I can’t cover in one single blog post. But it is also a relatively narrow skill set at its most developed levels. As a Miami Accountant I make it a number one priority …
Lease Or Buy Your Next Car?
As a Miami Accountant I’m often asked by small business owners, should I buy or lease my next car? This article will focus on rationalizing that choice. Trends For those who have never leased a car, leases can seem confusing, complicated and geared more toward business owners (who might deduct the expense) or individuals who simply …
101 Common-Sense Rules for Leaders
As a Miami Accountant I know management is all about connecting with the people on your team. So how do you effectively manage a team? With common knowledge, of course. These are a few back-to-basics rules that will help you develop management skills that really matter. Body Language Like it or not, your body speaks …
