Does Your Accounting Make You Money? If Not, Here is What to Do.

Does Your Accounting Make You Money? If Not, Here is What to Do.

Think of your business as being a big bucket. As you go along, you fill that bucket with everything you learn about your value proposition, your customers, employees, finances, and operations. At some point you may realize that you expend more energies and resources than necessary to progress. Your bucket is leaking! But where is it leaking from? Truthful financial statements will invariably identify the culprit. For almost two decades, we’ve been designing, implementing and maintaining financial management systems for startups, small and medium-sized businesses. Over and over, we have found that there are four core contributors to your leaking bucket: Accounting Operations Sales Cash Flow The first step is to learn how to understand your financial statements. Our expert CFO in residence wrote this educational piece for you: “How do Financial Statements Help Decision-Making”. In this article, we will examine how your accounting could be leaking and how to fix it. The Symptoms Here are some of the most common signs that your books are not as accurate as they should be: You are not staying on top of recording There are many line items on your P&L There is a large suspense account There is no breakdown of cost per goods, service or project You write off everything You are mingling personal and business accounts As an owner, you are not on payroll Cash seems to disappear   The Cure Have a professional general accountant or controller set up your books for your bookkeeper to follow. We all have a friend or acquaintance that want to help or maybe we can just do it ourselves. This is...
Impact-Driven Business Accelerator Seeks 5 Growth-Stage Companies

Impact-Driven Business Accelerator Seeks 5 Growth-Stage Companies

Altima Business Solutions is seeking second-stage startups for API10X spring accelerator program to help the most promising entrepreneurs make an impact. Focused on founders and their ventures, this concierge accelerator program offers one-on-one mentoring with experts and connections with Altima’s network of industry influencers, among other services. “Building a product and building a business are two different things. We focus on founders to help them understand what their next best moves are to build an impactful business” said Carine Dieudé, partner and strategy director at Altima Business Solutions. “It’s not just about the product, the service or the trade. Creating a company that has impact requires designing its business model and management systems to positively influence the results,” Dieudé said. Startups and small businesses, regardless of industry, that have already proven their concept and have traction are invited to apply for the 12-week impact-driven program, API10X, by March 30, 2018. API10X started as a summer accelerator program for Arizona State University for Venture Devils startups last May. Altima decided to start a similar program outside of ASU to help other promising companies with a wide range of expertise to solve their core problems and transfer wealth: more traction, more sales, and more profit. “The goal is to have promising companies get above the noise and be a success story,” Dieudé said. “ Altima Business Solutions, which was founded 18 years ago, supports business owners and entrepreneurs from decision-making to execution with On-Demand Executives and On-Demand Solutions in all five fundamentals of business: Access to Capital, Financial Management, Critical Path, Sales and Accountability. As a result, they transfer tangible wealth to...
For These Young Entrepreneurs, Silicon Valley Is, Like, Lame

For These Young Entrepreneurs, Silicon Valley Is, Like, Lame

For These Young Entrepreneurs, Silicon Valley Is, Like, Lame A trip to Silicon Valley is something of a rite for ambitious Chinese startups and investors looking for inspiration in global tech’s mecca of innovation. But a visit last week failed to impress. Silicon Valley’s allure is...
An Inside Look at How Great CEO Communicators Create Presentations For Tech’s Biggest Stage

An Inside Look at How Great CEO Communicators Create Presentations For Tech’s Biggest Stage

5 Steps Top CEOs Follow to Create Dynamic Presentations While most employees are enjoying a holiday break, some conference rooms are buzzing with presentation designers, marketing professionals and executives who are preparing to take the stage at the giant International Consumer Electronics Show, CES 2018 in Las Vegas.As a communication advisor who has spent plenty of weekends in those conference rooms, I’ll reveal exactly how CEOs of the world’s largest tech companies are preparing to make a splash at the mammoth...
Tech Trends That Will Shape Marketing in 2018: Insight From CEOs, CMOs, CTOs, CIOs, CVOs, and Others

Tech Trends That Will Shape Marketing in 2018: Insight From CEOs, CMOs, CTOs, CIOs, CVOs, and Others

Tech Trends That Will Shape Marketing in 2018: Insight From CEOs, CMOs, CTOs, CIOs, CVOs, and Others What are the top tech trends that will impact marketing in 2018? To find out, I turned to experts in the industry–from CEOs to Chief Technology Officers to a Chief Video Officer and Chief Application Architect. What follows are prognostications regarding the tech trends that will matter most...