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Managing Cash Flow: Techniques to Ensure Your Business Has Sufficient Cash Reserves
Effective cash flow management is crucial for the success and sustainability of any business. Ensuring that your business has sufficient...
cynthiabassetthart
Mar 13 min read
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Understanding Financial Statements: A Guide to Interpreting Balance Sheets, Income Statements, and Cash Flow Statements
For any business, understanding financial statements is crucial to making informed decisions and ensuring long-term success. These...
cynthiabassetthart
Feb 12 min read
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Investment Strategies for Entrepreneurs
As an entrepreneur, making smart investment decisions is crucial to ensuring the growth and sustainability of your business. Investing...
cynthiabassetthart
Jan 12 min read
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Financial Planning Tips for Startups
Starting a new business is an exciting journey filled with opportunities and challenges. One of the critical aspects of a successful...
cynthiabassetthart
Dec 26, 20242 min read
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How to Increase Employee Retention by Cynthia Bassett Hartwig
What actually increases employee retention? Research on employee retention suggests that while awards and recognition events can boost...
cynthiabassetthart
Nov 1, 20247 min read
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Budgeting vs an Operating Plan
Differences between budgeting and an operating plan: Budgeting: Purpose: A budget is a financial plan that outlines expected income and...
cynthiabassetthart
Oct 1, 20241 min read
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How Work-From-Home Arrangements Save Companies so Much Money by Cynthia Bassett Hartwig
Why Some Workers Are More Productive at Home Fewer Distractions : Many workers find that they can focus better at home without the...
cynthiabassetthart
Sep 17, 20244 min read
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Traditional Budgeting vs a Modern Approach by Cynthia Bassett Hartwig
Traditional Budgeting: Process: Traditional budgeting involves creating a detailed plan for the entire fiscal year. It typically starts...
cynthiabassetthart
Sep 1, 20241 min read
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Topic 326 - Financial Instruments-Credit Losses standard, by Cynthia Bassett Hartwig
Topic 326, also known as the Financial Instruments–Credit Losses standard. Definition: Topic 326 provides guidance on how entities should...
cynthiabassetthart
Aug 1, 20241 min read
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Types of Business Organization by Cynthia Bassett Hartwig
Types of Business Organization ·      Sole Proprietorship ·      General Partnership ·      Joint Venture ·      Limited Partnership...
cynthiabassetthart
Jul 3, 20242 min read
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How accurate are your financial projections? by Cynthia Bassett Hartwig, CPA
Here are some methods you can use to evaluate the precision of your financial forecasts: 1.    Comparison with Previous Year’s Data:...
cynthiabassetthart
Jun 1, 20242 min read
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Factors to consider while creating financial projections by Cynthia Bassett Hartwig, CPA
When creating financial projections, consider the following elements: Economic indicators Strategic goals Expected shifts in pricing,...
cynthiabassetthart
May 2, 20241 min read
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Some thoughts when creating projections by Cynthia Bassett Hartwig, CPA
Projections are used to evaluate various financial alternatives, evaluate potential capital investments, predict future financial...
cynthiabassetthart
Apr 19, 20241 min read
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Business Planning by Cynthia Bassett Hartwig, CPA
The most challenging part of planning is trying to predict the future. There are three major formats for financial planning: Budget: The...
cynthiabassetthart
Mar 4, 20242 min read
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Analyzing markets and competitors by Cynthia Bassett Hartwig, CPA
Given that the majority of significant threats and opportunities an organization encounters originate externally, it logically follows...
cynthiabassetthart
Feb 28, 20242 min read
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Planning for future business success: Innovation by Cynthia Bassett Hartwig, CPA
Today’s business environment is changing at an ever-increasing pace. What worked yesterday may not work today. What once was a...
cynthiabassetthart
Oct 12, 20214 min read
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Adopting Performance Management by Cynthia Bassett Hartwig, CPA
In previous posts, we have gone through several ways to measure performance, how to select key performance indicators, and how to create...
cynthiabassetthart
Jul 26, 20213 min read
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Key Performance Indicators: The google map of your business by Cynthia Bassett Hartwig, CPA
When we get in our cars and set our destination in Google maps, it will populate the most effective and efficient route (hopefully). But,...
cynthiabassetthart
Jun 28, 20213 min read
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Setting Business Goals by Cynthia Bassett Hartwig, CPA
Setting business goals starts with assessing the current situation. Assess where the business is financially today, and what performance...
cynthiabassetthart
May 28, 20213 min read
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Why doesn't everyone do FP&A? by Cynthia Bassett Hartwig, CPA
In order to make effective business decisions, Financial Planning and Analysis is key. So, why doesn't everyone do it? In fact, why do...
cynthiabassetthart
May 21, 20214 min read
13 views
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Managing Cash Flow: Techniques to Ensure Your Business Has Sufficient Cash Reserves
Effective cash flow management is crucial for the success and sustainability of any business. Ensuring that your business has sufficient...
cynthiabassetthart


Understanding Financial Statements: A Guide to Interpreting Balance Sheets, Income Statements, and Cash Flow Statements
For any business, understanding financial statements is crucial to making informed decisions and ensuring long-term success. These...
cynthiabassetthart


Investment Strategies for Entrepreneurs
As an entrepreneur, making smart investment decisions is crucial to ensuring the growth and sustainability of your business. Investing...
cynthiabassetthart
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