by Patty Lawrence | Business Management, Cash Flow, Financial Analysis, Knowledge, Risk Mitigation, Uncategorized
“The thief, as will become apparent, was a special type of thief. This thief was an artist of theft. Other thieves merely stole everything that was not nailed down, but this thief stole the nails as well.” ― Terry Pratchett To a lot of business owners, theft seems...
by Patty Lawrence | Business Management, Financial Analysis, Risk Mitigation, Uncategorized
According to a 2016 study by Hiscox, 80% of embezzlement and fraud occur in small businesses – which they define as fewer than 150 employees, for reference. 30% of these fraud cases involved a loss greater than $500,000. A 2018 update of that same survey found...
by Patty Lawrence | Accounting Services, Business Management, Cash Flow, Employee Management, Financial Analysis, Uncategorized
Are you cool with hiring people who simply don’t know how to do their jobs? Of course, I can’t speak for everyone, but I’m assuming most of us would say….no. No, we want employees and contractors and any professional we trust with the functions in...
by Patty Lawrence | Budget & Forecasting, Business Management, Cash Flow, Financial Analysis, Financial Processes, Knowledge, Uncategorized
Not every business starts out with a pristine financial management department. Likewise, most mid-size businesses can’t afford to hire one person for every tiny task related to finance. But you still need the kind of financial help a seasoned pro brings with them. Too...
by Patty Lawrence | Budget & Forecasting, Cash Flow, Financial Analysis, Financial Processes, Knowledge, Uncategorized
First of all, this is in response to questions I frequently receive from people – and especially business owners: “Hey, Patty, how do I know which financial professional I need? Do I hire a bookkeeper versus an accountant versus a controller versus a CFO? And do...
by Patty Lawrence | Business Management, Cash Flow, Knowledge, Uncategorized
Let me share with you a little story about the power you have in your hands – and your business. Over the last few years, one of our clients has been growing by leaps and bounds. When COVID hit, they were allowed to continue to work as an essential business. So, the...
