CASE STUDY: A Coffee Ship with a Kick Part 1–A Job Well Done

In previous case studies, I said that I wouldn’t call out the name of any businesses that I named in my Case Studies.  I said that because I do not wish to inadvertently harm any businesses that I discussed.  I am about to break that rule, however… but for a reason.  I am naming this business because I think they are doing so much right, they deserve the accolades.  However, no matter what business you are in, there is always room for improvement.  So today, I will name this business, point out everything they are doing right, and then make … Continue reading

Growing Your Business in a Screwed Up Economy

I don’t know about you, but I am SOOOOO tired of hearing about the screwed up economy. I see it on TV shows and in movies. I hear about it on the radio and in casual conversations. I even read about it in books, newspapers and on blogs. Everyone – no matter where they are in the world – seems to be freaking out about the worst economy that has happened in nearly a century.  This panic seems to lead to more panic until finally, all I can think is, “How is the economy going to recover if no one … Continue reading

The SpongeBob SquarePants School of Business

  Okay, I have a confession to make:  I am a Mom.  Even worse, I am a Mom with a Toddler.  What that means is that as a “Mom with a Toddler,” I know all the words to “Elmo’s World.”  I also know how to “Do the Pigeon” and that “C is for Cookie” (which is good enough for me).  I know how to read Dora’s map, and I know Hannah Montana’s true identity. What’s more… I know “who lives in a Pineapple under the sea.” Why do I know these things, you may wonder? Well, as any Moms with … Continue reading

Uninformed Formation—Five Mistakes in Establishing a Business

by Richard Streitfeld, CPA, CFE Richard Streitfeld is a Certified Public Accountant with Aaronson Lavoie Streitfeld Diaz and Company in Cranston, Rhode Island. This article is a summary of key points he made in a talk on entity formation for www.roundone.com, a website for entrepreneurs. It was published in Providence Business News. October 16-22, 2006. Richard can be reached at 401-223-0205 or at rich@alscpa.com * These are real people and real situations, but the names and descriptions have been altered to protect their privacy. ************************************************************ Not having a plan for your business – Brian*, a passionate and talented karate teacher, … Continue reading

Bookkeeping Money-Saving Tip # 15: The Mission Statement

You may think I’m crazy to say that a Mission Statement is a money saver when it comes to bookkeeping, especially since it seems there is no possible way a Mission Statement can save bookkeeping dollars.  The truth is, anything that has to do with money goes across a bookkeeper’s desk, and a company’s Mission Statement can definitely affect the bottom line of a business.  So when I say that creating a Mission Statement can save a company money, I’m saying it as a bookkeeper, a business woman, and a researcher.  Here’s what I mean:  Many small businesses make the … Continue reading