by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
Even in good economic times, Maine-based small business owners can find it difficult to grown their profits. There’s a lot to be gained by learning how to become more profitable without growing the company bigger. Consider a Profit Audit Most small businesses have...
by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
When a business is sold, it may sell for more (or less) than the appraised value. Sometimes this doesn’t make sense to laypeople, but valuators understand that there are many valid reasons why price and value could be different. Small business owners that understand...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
In order for lenders to award credit, they need to see detailed budgets, including cash flow forecasts. These have to include realistic projections, not guesses at profit and revenues. Cash flow projections are especially important as they show how small businesses...
by Royer Advisors | Dec 11, 2024 | Business Plans
The word “free” is a very effective tool and can help Maine-based small businesses attract attention, bring customers to Web sites and boost volume. In fact, some experts say the word pulls in more business than any other term in advertising. However, small...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Debt & Financing
As all small business owners know, no sale is really a sale until the money is in. Most businesses no longer operate on a cash and carry basis, so customers buy on credit. This means that often the receipt of that money is delayed. Every time a company extends credit...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, Financial Planning
As a Maine-based small business owner, you may be wondering if you can write off bad debts at tax time. Since cash-basis companies don’t recognize revenue until it’s received, and therefore wouldn’t have anything on the books to deduct, only businesses that record...
