Most business owners view a budget with utter disdain. They’ll use any excuse to not prepare a budget. Some of the excuses I have heard over my career: “Who has time for that?” “Our annual earnings don’t really change from year to year.” “Sales are flat, why bother?” Most business owners run their business based […]
Archives for January 2019
Employee non-compete agreements: Enforceable or not?
No employer wants to find themselves competing with a former employee. Nor do you want valuable inside information, strategic plans or trade secrets shared with a rival company. So, how do you craft a non-compete agreement that’s both effective and enforceable? It’s all about the word “reasonable” Courts have long attempted to balance the interests […]
Accepting checks? Proceed with caution
Check fraud costs individuals, businesses and financial institutions as much as $50 billion annually, according to one estimate. Forged checks have always been a problem, but with inexpensive laser printers and easily accessible paper, check fraud is more prevalent than ever before. Victims include financial institutions, businesses that accept and issue checks, and of course […]
Keeping your firm’s debt in check
Paying your company’s bills is just as important as collecting your own receivables — and they need just as much management. The good thing is, you have a surprising amount of control over how and when your company’s debts are paid and that provides several advantages. Start inside the business… First, adopt good internal controls […]