Ultimate Account Blog

Personal Guarantees of Debt in Small Business – What You Need to Know

A longtime friend of mine and I had a conversation recently about how when her father closed down his small business and retired, it was like a death in the family. One of the inherent characteristics of small business owners is that their lives are almost completely intertwined…

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Personal Guarantees of Debt in Small Business – What You Need to Know

A longtime friend of mine and I had a conversation recently about how when her father closed down his small business and retired, it was like a death in the family. One of the inherent characteristics of small business owners is that their lives are almost completely intertwined…

Read more

How to Avoid Being Duped by Callers Impersonating the IRS

About two or three years ago, I had a client give me a call with a concern. She had just received a call from a person who said he was an IRS agent and indicated that there was a significant problem with her taxes. My client hung up the phone…

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How do You Differentiate Your Business?

In order for a business to succeed, its owners and executives need to develop some mechanism to separate it from its competitors. There are, in my mind, three main differentiating factors that encompass all aspects of a company’s distinctiveness: price, product, and people . . . the three P’s.…

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Different Views of the Bus Ride to Great Leadership

As promised in last week’s post, I am devoting this week’s installment to some of the content that I heard at a Live 2 Lead seminar presented by the John Maxwell Company. Jim Collins wrote Good to Great, one of the most highly-lauded business books of the 21st century.…

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Does Your Goal-Setting Come with a Plan or Does it Remain Just a Want?

When I had the idea for this week’s blog, I started writing it, and then I went to a leadership seminar in the morning and some of the content tied in nicely with the topic. I’ll have a fuller post next week about the Live2Lead seminar that I attended,…

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The Cash Conversion Cycle (CCC)

I recently wrote an article for the local chapter of Associated Builders and Contractors on certain financial statement metrics that are valuable to construction companies.  One measurement that I did not include because of space constraints is worthwhile for all entities to consider. It is called the Cash Conversion…

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What Businesses Can Learn from Ted Williams

Ted Williams, the accomplished Boston Red Sox left fielder may be more famous to current generations for his connection to cryogenics, but for people who saw him play in the 1940s and 1950s or heard him talk about his own career later in life, he is known as “The…

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Volunteering for a Nonprofit Brings Legal Obligations

Many members of the business community are involved in the not-for-profit sector, either as Executive Director of a charity or as a Board member or volunteer for a nonprofit organization. Generally speaking, most people get involved with charities because they believe in the mission of the organization and want…

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Happy Employee, Happy Life

Last week’s blog post focused on the merits of evaluating customer satisfaction. Equally, if not more, important to a business is the engagement and happiness of its employees. Gauging employee morale can be difficult if for no other reason that because oftentimes employees are unlikely to tell their bosses about…

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