When Warren Buffett Speaks
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When Warren Buffett Speaks

When Warren Buffett speaks, people listen. He is a master storyteller. Buffett has been quoted saying, “Accounting is the language of business, and you have to learn it like a language.” Mr. Buffett makes great investments in great companies. “To determine a great company requires an understanding of accounting and the ability to read and…

How to Transform From Employee to Owner
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How to Transform From Employee to Owner

Every business owner dreams one day of successfully selling their business and riding off in to the sunset with a professional life well-lived and money in the bank. That will be one of my clients in the next few weeks. Two partners started a business 30 years ago and are about to close on the…

Are Your Business Financials In Order for Exit?
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Are Your Business Financials In Order for Exit?

Every business owner dreams of selling their business one day for a lot of money then retiring with a home on the beach or traveling the world. However, when it comes to actually selling the business, many business owners don’t follow a unified strategy, leaving them confused and frustrated because they realize running a business…

Your Most Googled Financial Questions Answered: Taxes, Credits, & Deductions
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Your Most Googled Financial Questions Answered: Taxes, Credits, & Deductions

Wrapping up our series on your most googled financial questions, we saved a big one for last: taxes. A word that strikes fear in the hearts and minds of many business owners. But, it doesn’t have to.  Every business owner has a big dream for their business and wants to make it happen. However, many…

Interpreting the Language of Accounting
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Interpreting the Language of Accounting

For my wife’s and my 25th wedding anniversary, our family went to France. Paris, Provence, Chamonix and on the way back to Paris to catch our flight home, we went to the cathedral in Reims. The one with the Chagall stained glass and where Joan of Arc was to be crowned by King Charles in 1429…

Accounting is the Language of Business
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Accounting is the Language of Business

“Accounting is the language of business, and you must learn it like a language…To be successful at business, you have to understand the underlying financial values of the business.”  –Warren Buffett  Time after time in my banking career I met with thousands of business owners who were looking for loans. Frequently, it became apparent that they had…

Going From Employee to Employer: Do You Have What It Takes?
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Going From Employee to Employer: Do You Have What It Takes?

In the Great Recession, I went from being an employee in banking to being an employer and launching my own business. Upheaval has become the new normal as the pandemic led many to reevaluate their jobs and more. In the Great Resignation, 4 million workers have quit their jobs so far. This could signal a change in thinking,…

A Tale of Two Mindsets: Why Documented Processes Matter
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A Tale of Two Mindsets: Why Documented Processes Matter

Every business owner wants to have the business of their dreams with lots of cash flow and profitability. However, not every business owner knows what levers to pull in their business to make that happen. Many will say, “I’m not good at managing finances” or “I might fail at managing the finances of my business,…

The Devil is in the Details…of Accounting
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The Devil is in the Details…of Accounting

As a business owner, we sometimes don’t know what we should be paying attention to in our financials. It becomes even more frustrating when our accounting is not tracked properly and we’re not sure whether the decisions we’re making are helping or hurting.   One of the biggest weaknesses in a growing business is accounting. Accounting is…

When Is It Time To Hire a Controller?
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When Is It Time To Hire a Controller?

It’s no secret that every business owner wants to make more money and maximize profits. The problem is they don’t know how to manage the finances of their business which leaves them confused and frustrated, not knowing which levers to pull to drive success. They may make decisions to make more money, but they’re not sure…

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