Entrepreneur, or Small Business?

The bulk of our client base are entrepreneurs and small business owners. We believe that we serve our customers better when we understand what make them tick.

  • Our entrepreneurs are “business creators” willing to bear some or a lot of risk to enjoy reward. They invent, innovate and improve products and services.
  • Our small business owners are “business managers” making decisions that minimize risk. They hire, train, manage, and motivate people.

Both business types want an impartial, experienced accounting office they can trust to handle the confidential, financial and compliance needs of the business. What our clients expect from us—and why—can be described as:

Budget Planning: Without a proper accounting system, earnings can be underestimated or overestimated, leading to thwarted intentions even as much as business failure.

Accounts Receivable: When sales are down, knowing where the money is coming from and who owes what and when can be the difference between failure and survival.

Accounts Payable: When accounts are paid late, outcomes can be catastrophic. Product could be delivered late or not at all, utilities disconnected, insurance dropped, reputations ruined.

Tax Preparation: Executing procedures throughout the year guarantees a no-headache tax season and helps avoid late payment penalties and fines.

Technical Expertise: Using the best accounting software for professional service firms and keeping it updated is more important than ever. 

At the end of the day, we are a small business too. Described as entrepreneurs, we have a relentless focus on being detail-oriented, trusted, organized, flexible, purpose-driven, collaborative, committed, and able to talk about financial/accounting issues using language that business owners easily understand. Described as small business owners, we describe ourselves as fair, friendly, proactive, trustworthy, and quick to return phone calls and email. 

To our customers, a heartfelt thank you for being you! Please share this post with others in your business circle that may be interested in talking to us about our services. 

Prosper and be safe!

Small Business is Getting Personal

In the era of COVID-19, small business is beginning to feel a bit personal.

Perhaps your business has been affected by COVID, and if not your business, your customers almost certainly have been. We are collectively struggling to think outside the box, stand out as a business and as human beings. There’s a sense in the business community that it’s becoming important to let prospects and customers know they have your support.

Some ideas for small business owners to consider during these times…

  • Communicate with clients and customers more often; be empathetic and listen to them.
  • Know your niche, then find your pivot point. Be willing to explore new areas while staying loyal to your original purpose.
  • Connect with people and community. Use social media to reach out, start a helpful discussion, be present.
  • Know what financial support is available, and to which options you have access, e.g., SBA funding.
  • Examine your customer service practices. Now is the time to examine what has worked well in the past, with an eye as to how clients will perceive value now and in the future.
  • Capitalize on technology. We all know about Zoom, but what about these 26 Top Meeting Software alternatives?

Be kind and stay safe everyone!

Small Business Can SCORE!

Small businesses in and around Cincinnati were hit hard by COVID-19, but we Ohioans are neither easily discouraged nor defeated. Our Midwestern values respect the hard work that goes into making an honest living. We enjoy the simple things, like family, friends, good food (especially beer, goetta, chili, and beer!), opening day with the Reds, football weekends,  Graeter’s ice cream, and asking someone we meet where they went to (high) school. 

We are a great city with an illustrious past and everything we need for a bright future. Being home to eight of the Fortune 500 companies makes Cincinnati a rich source of business know-how and experience. Some of these great business minds, both working and retired, volunteer to help local business owners to start a new business or make an existing business more efficient, productive, creative, and profitable. These business veterans serve as the backbone of an often-overlooked business resource in Cincinnati — SCORE.

SCORE is a partner of the U.S. Small Business Administration (SBA). Since 1964, SCORE has helped more than 11 million entrepreneurs through mentoring, workshops and educational resources. 

SCORE mentors typically meet their mentees one-on-one in person, but during these times of social distancing are meeting remotely. SCORE online offers advice on Coronavirus SBA Loans and other business assistance and can help you regain momentum with free online courses covering digital marketing, launching a website, and leveraging social media.

We expect the demand for this free mentoring to be higher than usual now and for the coming months, so don’t delay. If you can benefit from the wisdom of others that have gone before you, there’s no better time than now to sign up. Small business owners can get daily updates on the Cincinnati COVID-19 Dashboard.

Regarding small business accounting matters, we’re here to help you to plan now and for the future in order to avoid a cash crisis and keep your business strong. Call us (513) 322-1036.