22Feb 2018 by Fred Crooks No Comments
How to judge your business success

How to judge your business success

Business Advisory, Fundamentals, Small Business
Once you’ve checked your business vitals (see our previous post, Why You Need to Regularly Check Your Business Vitals ) the next step in assessing the health and performance of your organization is to begin comparing your key business metrics with your competitors.Now, every industry has its own challenges, and its own means of measuring success, but there are a few universal standards that can be relied upon when making such comparisons.In particular, you should look at gross profit and break-even analysis.Gross profit is rather simple - it’s your sales minus the cost of goods sold (the direct cost of the production of goods sold or service provided).The break-even analysis, however, is a little more complex. It is designed to help you analyze the various aspects of your business to…
Read More
15Aug 2017 by Fred Crooks No Comments
Don’t Be Afraid to Work Together

Don’t Be Afraid to Work Together

Uncategorized
Owning and operating a small business can be a lonely endeavor. Long days, longer nights, and no-one to talk to when the going gets tough - it can feel isolating and demoralizing. But there is a solution: speak and share with other business owners. Many small business owners actively fear working with other businesses, worried that they may take advantage of them rather than offering guidance and advice. However, the rewards can be terrific. By tapping into your local network of fellow entrepreneurs, you have the opportunity to become more knowledgeable, understanding, and efficient. Why Should I Reach Out? There’s no two ways about it; being a small business owner is stressful. All the responsibility, all the decisions, the planning, strategy, and execution; it all falls squarely at your feet.…
Read More
20Jun 2017 by Fred Crooks No Comments
The Four Biggest Questions You’ll Ask Yourself as a Business Owner

The Four Biggest Questions You’ll Ask Yourself as a Business Owner

Uncategorized
There are many reasons for starting a business.  Perhaps you’ve spotted a gap in the market. Maybe you’ve grown weary of working for someone else. Or it might just be the fulfilment of a lifelong dream to be your own boss. No matter your reason for taking the leap as an entrepreneur, you will encounter a number of concerns as you progress. It’s important that you know how to recognize and handle these concerns so as to avoid derailing your business. In dealing with many small and medium-sized businesses over the years, we have been able to distill some of these concerns down to four of the most common questions. At some point in your business journey, you will find yourself asking a variation of the following: How will I…
Read More
21Jun 2014 by William Simi
Small Business Owners: Tools to Sharpen your Competitive Edge

Small Business Owners: Tools to Sharpen your Competitive Edge

FREE Business Tools: Learn the Secrets
Today's small business owner is confronted with new business problems and opportunities on a regular  basis, but rarely do they have the time to investigate all the possible solutions and opportunities. We at CPA  Corporation want to become a valuable resource for businesses to help them solve these problems and take  advantage of the opportunities that exist. In an effort to do this, we will be posting frequent Blog posts several times each month featuring our (Small  Business Advisor Toolkit) SBA. These Blog entries will include among other things:  Best Practice Checklists, Self Assessment Questionnaires and modifiable Templates. These tools in our SBA portfolio will incorporate the latest ideas in areas as diverse as customer and supplier relationships, financial matters, employee and industrial relations, production processes and waste management. Using…
Read More