The Only Three Reasons Entrepreneurs Need Accounting and Finance

By Scott Meister, CPA | Jun 18, 2020

Source: Forbes | Repost QBScott 6/18/2020 –  Observing finance and accounting professionals— or the way academics at most business schools train them — might lead you to believe that finance and accounting is a complex and arcane language understood only by an initiated few. For an entrepreneur, the truth is that accounting and finance are…

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5 Personal-Finance Mistakes That Kill Promising Companies

By Scott Meister, CPA | May 21, 2020

Source: Entrepreneur | Repost QBScott 5/21/2020 – For most people, personal-finance mistakes affect only themselves. For entrepreneurs, a personal-finance slip-up can have far-reaching consequences. People who get into tight financial spots while running their businesses must make difficult choices about which bills to pay, which opportunities to let go and which partners to leave. Founders…

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Pivoting Your Small Business Model to Survive the COVID-19 Crisis

By Scott Meister, CPA | May 7, 2020

Source: Worth Newsletter | Repost QBScott 5/7/2020 – There is opportunity in every crisis, and the COVID-19 pandemic has created a crisis for many small business owners that is unlike any other before. The coronavirus has forced governments into enacting what some are calling “the Great Lockdown.” The lockdown consists of closing all non-essential businesses,…

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4 Behaviors That Help Leaders Manage a Crisis

By Scott Meister, CPA | Apr 23, 2020

Source: Harvard Business Review | Repost QBScott 4/23/2020 –  The roles and responsibilities of business leaders have dramatically changed in the past few weeks. Before COVID-19, CEOs and other executives in high-growth companies were focused on fostering innovation, driving revenue, and gaining market share. Today, many of those same leaders must make rapid decisions about controlling…

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A 10-Point Small-Business Survival Plan for Dealing With the Coronavirus

By Scott Meister, CPA | Apr 9, 2020

Source: Entrepreneur | Repost QBScott 4/9/2020 – It’s safe to say that this current crisis is like none other faced by small business owners in the recent past, and it’s certainly daunting trying to tackle all of the unique issues it presents. Regrettably, the predominant voice we hear hasn’t offered a lot of specific steps…

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7 COVID-19 Crisis Management Tips For Small Businesses

By Scott Meister, CPA | Mar 26, 2020

Source: | Repost QB Scott 3/26/2020 – Business as we know it will change after the COVID-19 pandemic. This year will be the year that changed the trajectory of e-commerce, telemedicine and remote work. I have the privilege to work with one of the true pioneers in the world of digital commerce. So, naturally,…

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4 Smart Ways to Reduce Costs Starting Right Now

By Scott Meister, CPA | Mar 12, 2020

Source: Entrepreneur | Repost QBScott 3/12/2020 – Your sales, marketing, and customer service teams make it possible for your business to succeed with clients, but turning a profit also depends on keeping costs as low as possible. From getting the best price out of your suppliers to cutting waste, there are plenty of ways to…

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Your Clients… Do You Really Know Them?

By Scott Meister, CPA | Feb 27, 2020

Source: AccountingInsight | Repost QBScott 2/27/2020 –  If asked, most practitioners could reel off basic details about their client base, and what they are provided by the accounting practice. However, that answer, given by the owners of many small practices is remarkably similar: ‘Oh, we have everyone from sole traders up to a few multi-million-pound…

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10 Insights to Help You Become A Better Small Business Leader

By Scott Meister, CPA | Feb 13, 2020

Source: | Repost QBScott 2/13/2020 – Entrepreneurs need to have strong leadership qualities in order to manage employees, communicate with customers, and outline a clear vision for their company. There are plenty of different styles and aspects that go into being a good leader. So here are some various insights from members of the…

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