by Royer Advisors | Dec 11, 2024 | Business Plans, Debt & Financing, Financial Planning
When a small company if forced to shut down, it usually isn’t because they haven’t made profits. Most small businesses face closure because they lack quality cash flow, not because they lack profits or assets. So what should a business owner do? They will face many...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
All small business owners should realize the importance of contracts, since they are part of everyday business, whether it’s the tiny print at the bottom of a bill or an agreement to buy office equipment. Depending on how complex the deal is, contracts with...
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 | Accounting Standards, Financial Planning
As a small business owner deciding on a major purchase, you may wonder if it is better to buy or lease business assets. The answer can be complicated, but one rule of thumb to remember is that it’s generally better to lease assets that will substantially...
