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For many business owners, projecting what is going to happen next month is so difficult that forecasting what is going to happen over the next five to ten years seems ludicrous, impossible even. But the strategic plan is not like the budgeting process, which is very quantitative where you really have to care about the [...]
These following 3 exercises are unquestionably the number one way for businesses to succeed. Strategic planning, budgeting, and forecasting will become regular cadences that will help the decision-making process easier, create achievable goals, and hold team members accountable when those goals aren’t met. 1. Budgeting & Performance Review A budget should be a monthly review [...]
We recently installed several changes to PlanGuru Analytics that added additional features and improved performance. Here is a summary of those changes: • Without a doubt the most exciting news is we increased the speed that pages load by a whopping 333%! The next time you use Analytics you will notice that pages will load [...]
Business conditions are changing and outsourcing is on the rise. Today’s business owners are facing greater expectations when it comes to financial transparency and government compliance. All too often, businesses are juggling day-to-day responsibilities alongside more complex and time-consuming tasks such as finance, accounting, compliance, internal audit, and risk management. They are simply trying to [...]
A seller’s business acumen will be judged severely by a prospective buyer. Having bad internal financial information and error-riddled financial statements is the fastest method you can use to chase away a good prospective buyer. The buyer will expect information to be accurate and in accordance with generally accepted accounting principles (GAAP). The buyer will [...]
