by Royer Advisors | Dec 11, 2024 | Business Plans, Debt & Financing
Maine-based small business owners are all used to hearing different excuses when trying to collect money owed to their companies. For these delinquent customers, the real objective is often to delay, either until some time further down the road when they will have...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
It can be very intimidating for Maine-based small business owners to seek out a bank when they need a business loan. Bankers obviously want to minimize their risks, and usually small business owners need the loan because they are trying to do something which could be...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
As a Maine-based small business owner, it’s important to be aware of two things. One is the break even point for every customer or client. The second is the status of all business prospects. If these two things are unknown, it might be time to consider the following...
by Royer Advisors | Dec 11, 2024 | Business Plans
As a Maine-based small business owner, you know how important location is. Before choosing a location, you looked into things like foot and car traffic, as well as the occupancy rates of neighboring buildings. However, it is just as important to research the local...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
The S corporation is a popular business structure that’s available only to privately held businesses. According to the U.S. Small Business Administration’s Office of Advocacy, about 44 percent of small companies have chosen to operate as S corporations....
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
Appropriate adjusting entries turn a company’s books from a simple list of transactions into a far more accurate reflection of how the business is doing. Small business owners sometimes think that as long as someone is recording every sale made and every expense...
