If your nonprofit doesn’t engage accounting and financial professionals, mistakes are likely to happen. These are four common errors that can cause big problems for nonprofits that try to go it alone.
A mission statement and a vision statement may sound like “nice to haves” rather than “must haves” for your business. But they really do serve viable purposes. Here’s what they’re all about.
A consistent revenue stream is critical for your nonprofit’s short-term budgeting and its long-term sustainability. Take some tips from auditors and review your revenue now.
Construction business owners: Have you considered activity-based costing for your projects? Implementing it isn’t easy, but the results can be worthwhile.
Construction business owners: Could you use some help managing the complexities of payroll, benefits, and compliance? If so, partnering with a Professional Employer Organization (PEO) might be the right move.
Family business owners: Prudently planning the future of your company may call for weaving together estate planning and succession planning. Let’s talk strategy.
If a nonprofit leader leaves unexpectedly and there’s no executive search committee or plan ready, a disorganized and lengthy search is likely. Here’s how to be ready to replace a critical employee.
Many businesses’ marketing strategies grow dull over time. Here are some broad areas to focus on while looking to sharpen yours.
Updated accounting rules change how acquirers are identified in M&As involving VIEs. They replace old rules with a more consistent, substance-based approach. Here’s what it means for your next deal.
Many small to midsize businesses struggle to control their cash outflows. A carefully considered and disciplined approach to cost management can help.
Business owners: Are you taking a top-down approach to cybersecurity? If not, you should be. It’s critical to address the threat at every level of your company.
At a time when every dollar counts, your nonprofit doesn’t want to end up with a UBIT bill. So be careful when accepting corporate sponsorships because some can be risky.