article thumbnail

The Latest Questions Small Businesses Are Asking

Up and Running

A major cause of business failure is not having enough cash available to cover all startup costs and operate for at least a year. Do I need to hire a Certified Public Accountant (CPA) for my small business? As a licensed professional, a CPA has to adhere to a code of professional ethics.

article thumbnail

8 Essentials To Qualify Your Startup For A Bank Loan

Startup Professionals Musings

Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. Even if you can’t meet all these criteria, it’s definitely worthwhile to utilize the free services of the Small Business Administration (SBA) and SCORE in the US to get their help in preparing for the loan option.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 “Shark Tank” Questions Every Business Owner Should Be Able To Answer

YoungUpstarts

By Richard Weinberger, PhD, CPA, CEO of the Association of Accredited Small Business Consultants and author of “ Propel Your Small Business to Success: Accelerated Actions to Maximize Profit “ If you had to stand before the shark investors in ABC’s “Shark Tank,” would you get stumped by their questions?

CPA 160
article thumbnail

What a CFO Can Do For Your Agency

Duct Tape Marketing

Jason is a Co-founder of Thriveal, a firm that helps entrepreneurial CPA firms connect, learn and grow. He’s also the CEO of Blumer CPAs where they serve as an advisory firm for the design marketing and creative agency services niches. That's a higher, that's a much higher risk when you pull in a fixed cost.

CPA 73
article thumbnail

8 Strategies To Improve Your Odds Of Getting A Loan

Startup Professionals Musings

Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. Even if you can’t meet all these criteria, it’s definitely worthwhile to utilize the free services of the Small Business Administration (SBA) and SCORE in the US to get their help in preparing for the loan option.

article thumbnail

Fortifying Profits: Strategies to Shield Your Business from Embezzlement

Duct Tape Marketing

16:22]What guidelines do you have concerning labor and productivity costs? [17:55] One is you should have an outside, I mean, obviously there are a lot of people that hire CPA, but they really just say, here's my stuff for the taxes in a lot of cases. 19:55] Where can individuals connect with you to explore more about your work?

article thumbnail

How to Run a Full Financial Audit of Your Business and Optimize Spending

Up and Running

Most people think of financial audits as investigations carried out by a certified public accountant (CPA). That’s one definition, and you may require that if your company needs a loan, you’re getting ready to go public or the business will soon reach another milestone that requires financial transparency.