Archive for December 2011
Controlling Costs and Employee Theft
Manufacturing operation of high end hunting and sporting bags was concerned about out of control costs and possible internal theft. The owner had limited accounting visibility, no clear cost records, insufficient controls, and lacked critical reporting features to run and manage the business.
“As long as you do it slowly you can bleed someone dry without them knowing it. Often the only clue is an uneasy gut feeling.”
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What’s in your business financial engine
So much to gain and so much to do. Managing a business on many levels requires a ton of work, investment and time. Many business owners take on too many tasks and spread themselves too thin. For many it’s a concern for who they can trust or that someone else will not be as committed as they are to the cause of their business. Entrusting others to be value-add partners in the effort to grow the business is critical to freeing time to activities best suited to the business owner. Read the rest of this entry »