The Kaizen Approach (Part 3)
“The Constant Pursuit of Perfection” PART 3: Continuous Improvement In Part 2 of my Kaizen Approach series, I discussed the idea of developing the structures to of constant improvement, and the...
View ArticleIntroduction to QuickBooks: Is QuickBooks Right for My Business?
The growth sustained during the first 5 years of operation for your small business can be an exciting time for business owners. Breaking down all of the financial data produced during the first five...
View ArticleThe Kaizen Approach (Part 4)
“A Change of Culture” PART 4: Slow and Steady Wins the Race This is Part 4 and the final part of my series on the Kaizen Approach, the Japanese theory that small, constant improvements to quality can...
View ArticleMy 5 Favorite Beliefs About Accounting
I recently sat down in a meeting were we discussed the “TGG Way™” and our 20 beliefs about accounting. I know what you are thinking, stimulating stuff. However there are things that every accountant...
View ArticleThe TGG Way™: Interview with Matt Garrett – Founder & CEO, TGG Accounting
I recently sat down for an interview with Matt Garrett, an entrepreneur who has started and sold multiple small businesses. He launched TGG Accounting in 2007 out of a desire to bring better financial...
View ArticleWhy I Focus On Not One Bottom line, But Three
This is a Forbes.com article written by Matt Garrett At Vanderbilt University, my then girlfriend (now wife) and I began a consulting firm selling art and related services to hotels. Juggling...
View ArticleWhy Your Business Could Be Failing Even If You Hit Your Numbers
This is an Entrepreneur.com article written by Matt Garrett Entrepreneurs, investors and accountants all love to see updated income forecasts. While their projections are usually rosy, more than half...
View ArticleThe Triple Bottom Line: Part 1 – Net Income From Operations
This is a Forbes.com article written by Matt Garrett Net income is for your taxes, EBITDA is for investors, and Net Operating Income is for business owners. When I started my first business, all I...
View Article4 Kinds of Fraud That Could Destroy Your Business
This is an Entrepreneur.com article written by Matt Garrett Get two entrepreneurs in a room and chances are one, if not both, have been the victim of accounting fraud. According to the Association of...
View ArticleHow Strong And Safe Is Your Company? Answer: Net Equity
This is a Forbes.com article written by Matt Garrett Net equity is the second of our “Triple Bottom Lines”, and tells the business owner how strong and safe their company is. Perhaps more importantly,...
View ArticleIncreasing Pricing: “The Rational Argument”
Pricing increases are always a tricky thing and it is tough to know what direction to go. As you start to think about changing your prices, you ask yourself: “What will my customers think? How many of...
View ArticleIncreasing Pricing: Business Success
In Part One (Increasing Pricing: “The Rational Argument”) of this pricing discussion, I talked about the impact of raising prices. We discussed the emotional struggles of making this change and the...
View ArticleThe Rockstar Company Valuation: What to Understand Before Selling Your Business
If you’re considering selling or transitioning out of your company, you’ve certainly worried about the future of your organization and its exit strategy. One of the most stressful parts of selling is...
View ArticleHave You Insured Your Business Success?
As a business owner, you have much to protect – your property, your inventory, your people, the equity you’ve built up over the years and, ultimately, your very livelihood and future. As you engage in...
View ArticleProtect Your Business with Life Insurance
You may think life insurance is only intended to provide protection for your loved ones in the event something happens to you. Personal life insurance protects your spouse and children who depend upon...
View ArticleHow to Manage the Rising Tide of Health Care Costs
You may be asking yourself why should you provide health care benefits to your employees – especially in the face of 15 to 30 percent annual cost increases. At the end of the day, it is likely because...
View ArticlePreparing for the Unexpected
Contingency planning to protect your business, your assets and your family At some point in the life of a business, the unexpected happens. Protecting against a negative event or situation is essential...
View ArticleSteps to Protecting Your Business
Protecting Against the 4-D’s of Disruptive Events As a business owner or partner in a business, you need to make sure you’re protected in the event of a disruptive event. A buy-sell agreement can...
View ArticleDistributions: S-Corporation Cash & Tax Planning for Small Business Owners
Small businesses that are S-Corporations generate cash flow to owners in two different ways: income earned through salaries and bonuses and also through distributions. Think of salaries and bonuses as...
View ArticleAnnual Business Planning
Establishing “smart goals” Every business, no matter its size or longevity, needs an annual business plan that sets forth the strategy for and direction of the business. Without a plan, you’re flying...
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