As we’ve worked increasingly with law firms over the past few years, there are a number of commonalities that we’ve found with many of the firms that we’ve met and have worked with. Lawyers are really good at taking care of their clients. That’s the bread and butter of their business and biz dev, and it’s understandable. But what’s missing
As Iowa State University reminds us, “profitability is the primary goal of all business ventures.” Business leadership is often responsible
There are many elements involved in developing and manufacturing products for a customer. In fact, most of a company’s concentrated
Companies create products or develop services to deliver to their clients. Many find a unique approach that gives them an
Any business doing custom work needs to carefully define the terms and expectations of the delivered product. Having open-ended, or
Knowing the actual cost of production is critical to setting accurate pricing and therefore profitability for any manufacturing company. How
Problem The company used Cash Basis accounting for their operating statements because taxes were calculated on a Cash Basis. When
A family business can be a great source of pride for everyone involved. However, working with loved ones can present
Just as companies have multiple products to provide diversification to their revenue stream, some parent organizations have multiple companies that
For manufacturers, retailers, or wholesale distributors, inventory is likely the largest item on their balance sheet. A particular problem that
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