by Royer Advisors | Dec 11, 2024 | Business Plans
A corporate business owner with partners is knowledgeable about what it takes to keep the company running smoothly, but is often unaware of the statutory requirements for a board of directors. Someone with the title of president or chief operating officer may...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
It isn’t necessarily true that to increase profits a small business needs to increase sales. Extra cash could already be available. A thorough profit audit can uncover those dollars in every department of your Maine-based small business. Here are five ways to start...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
As a small business owner, you are always going to have customers who don’t pay their bills on time. Due to unique relationships with customers as well as the varied responses they have to collection efforts, trying to collect the money owed to your business can...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
When dealing with accounts receivable, it can be easy to put off having a policy in place to protect your business. As unpleasant as it can be do deal with customers who aren’t paying their bills, it is far worse for your small business to do nothing and hope the...
by Royer Advisors | Dec 11, 2024 | Business Plans
It’s critical to have a written policy at your company detailing how vacation and paid time off is accrued. Many small businesses offer paid vacation, paid sick leave, paid time off or paid holidays, but have no formal policy in place. Legally, there is an...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
Maine-based small business owners often face a balancing act when it comes to deciding how much cash to keep in their regular checking accounts. On one hand business owners want to keep the money available for an emergency or great opportunity. But on the other hand,...
