Why Embezzlement and Fraud Happen to Small Businesses (and Three Things You Can Do to Prevent It)
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 that...
Finding the Right Finance Background: How to Hire the Best Expert
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 our business to know...
When Should You Hire Financial Help?
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...
Which Financial Professional Do You Need?
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 I...
Are You Leveraging Your Business’ Power?
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...
Positioning Your Business for a Post-COVID World
Are you ready for what's next? What I mean is, have you put thought into positioning your business properly for the world post-COVID? Properly here means that you have three basic elements in place: A Strong Foundation Your company’s foundation is what gives you the...
Your Recovery Strategy: Planning in a Pandemic
“There’s no harm in hoping for the best as long as you’re prepared for the worst.” - Stephen King I’ve heard from plenty of business owners lately who are doing their best to keep their head above water. With the economic downturn and so much uncertainty about the...
Making Big Decisions in Your Business: Who Do You Trust?
“No one can whistle a symphony. It takes a whole orchestra to play it.” – Halford Luccock I’ve talked a lot about surrounding yourself with people you trust to help in making the best decisions for your business. But that’s way easier said than done. After all, your...
Building Your Business Team – Who’s in Your Bubble?
Whatever you do in life, surround yourself with smart people who’ll argue with you. - John Wooden The COVID-19 pandemic has given us a new use for an old word: “Bubble” In this case, it refers to the group of people that you decided to hunker down with during the...
Recovery Planning: The Who and How of Your Comeback Story
As we have continued to discuss how you will write your business' comeback story as the economy bounces back from the COVID-19 pandemic, we've touched on figuring out where you are financially and the measures you can take to cut back on spending and give yourself...
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Turbo Execs LLC
590 Centerville Road #258
Lancaster, PA 17601
What We Do
At TurboExecs, we reveal the story behind the numbers, by providing the tools, systems and insight for you to grow your business with confidence.