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 | Business Plans, Financial Planning
Many small businesses owners are aware that they should have, and regularly update, a strategic plan. They may not, however, realize that part of the process should involve having a succession or exit plan. The Anatomy of a Strategic Plan The best way to start working...
by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
The income approach is a common choice when appraisers are selecting appraisal techniques. Value is found with this technique by converting future economic benefits into their net present value. Long-term sustainable growth is a key part of this. Capitalization of...
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...
