Why Small Businesses Can't Keep Up

Maintaining a successful small business is challenging.

In fact the SBA states that two-thirds of businesses with employees survive at least 2 years and about half survive at least 5 years. The rest don't survive, in large part due to the burden of responsibility inherently placed on them.

Most small to mid-size businesses need help with their operational financial management. Hiring someone to manage your books and serve as a de facto CFO can give you access to information that helps you make decisions about the direction of your company. This information is not easy to come by.

There is help with financial analysis and operational improvement!

There is help with financial analysis and operational improvement!

You could spend hours every day keeping up with:

  • the latest budget and accounting software
  • perennial tax law changes
  • maintaining complete records
  • daily sales documentation
  • government regulation

Instead, of course, you are probably focused on our short term and long term responsibilities such as:

  • personnel
  • inventory
  • marketing
  • infrastructure
  • research
  • strategic planning

Fortunately, it's never too late to make a change! We can help analyze and correct your financial course and improve operational processes with regard to all things financial: budgets, accounts payable & receivable, project cost analysis, financing advice and investor relations.

Contact our office today to see how we can assist you.

 

 

“Mike

Mike Foss received his M.B.A. from Cleveland State University and B.S from Slippery Rock University. Mike is a member of Institute of Management Accountants. He has a history of having a positive impact on growth, profitability, cash flow and working capital management with his fundamental practice of Minimize Risk/Maximize Wealth. Mike checks his email daily and welcomes any questions, comments, or inquiries to mike@fossbusinesssolutions.com