Buying out a partner in an LLC can be an exciting but complex milestone for small business owners. It’s a chance to fully take the reins of your business, but there are also essential steps to keep in mind to ensure everything is done smoothly and legally. Here’s a...
Business Coaching
2025 Strategic Planning: How Early Planning Drives Results
Nov 10, 2024 | Blog, Business Coaching, Business Operations
Strategic planning is the secret to making your business goals a reality. Waiting until the last minute to create your 2025 plan can lead to missed opportunities and rushed decisions. By starting your strategic planning now, you’ll gain clarity, stay ahead, and enter...
A Guide to Giving Holiday Bonuses
Nov 5, 2024 | Blog, Business Coaching, Business Operations
As the holiday season approaches, many small business owners consider ways to show appreciation to their hardworking employees. One impactful gesture that goes beyond seasonal cheer is giving holiday bonuses. When looking to implement a bonus structure in your...
How to Read Your Financial Reports
Oct 3, 2024 | Accounting, Blog, Business Coaching, Business Operations
Reading financial reports can feel overwhelming, but it’s a vital skill for any business owner. Knowing how to interpret a balance sheet and profit & loss statement helps you make informed decisions about your business’s future. You’ll gain insights into your...
Is My Passion a Business or Hobby?
Sep 25, 2024 | Blog, Business Coaching, Business Operations
Let's Figure It Out If you’re making money from something you love, that's fantastic! But have you considered whether your passion is classified as a business or just a hobby by the IRS? Understanding this distinction is crucial for managing your taxes effectively and...
Strategies for Scaling Your Small Business
Sep 5, 2024 | Blog, Business Coaching
Scaling Your Small Business: Key Strategies for Growth Ready to grow your small business but unsure where to start? Here’s a quick guide to three essential strategies for successful scaling: Enhance Customer ExperienceHappy customers are your best asset. Gather...
4 Mistakes to Avoid in Your Employee Handbook
Aug 13, 2024 | Blog, Business Coaching, Business Operations
An employee handbook is more than just a collection of company policies; it is a crucial tool for setting the expectations of a positive workplace culture. However, crafting an effective handbook can be challenging and it is easy to make mistakes. Here are four common...
Mastering Financial Management: Key Strategies for Business Success
Jun 3, 2024 | Blog, Business Coaching, Business Operations
Running a successful business entails navigating various challenges, with financial management standing as a cornerstone of success or failure. Despite offering exceptional products or services, inadequate financial decisions can lead to business downfall. Here, we...
Maximizing Financial Management Through Fractional CFO
Apr 2, 2024 | Blog, Business Coaching
As businesses flourish and expand, success brings both excitement and its fair share of hurdles. Growing companies realize the importance of attracting top-notch talent to ensure continued prosperity. However, despite striving to provide attractive compensation...
Can I Afford to Hire an Employee?
Feb 12, 2024 | Blog, Business Coaching
Determining whether your business is ready to hire an employee requires careful analysis and consideration. You need to assess your company's financial position and calculate return on investment before ultimately deciding if hiring is the best path forward for your...
Financial Success for Law Firms: A Case Study
Jan 10, 2024 | Blog, Business Coaching, Law Firm
An esteemed attorney began his legal practice in 2018 with the goal of using his law degree and prior experience to continue to serve his existing and new clients while also providing for his family. As his practice rapidly expanded, the demands of running a growing...
Effective Compensation Strategies to Attract Ideal Employees
Jan 4, 2024 | Blog, Business Coaching
As your business grows and evolves, the need to hire key employees becomes imperative. However, the decision to bring in new talent involves not only questions of affordability but also the critical task of determining appropriate compensation. Crafting an effective...