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The Latest Questions Small Businesses Are Asking

Up and Running

A major cause of business failure is not having enough cash available to cover all startup costs and operate for at least a year. Do I need to hire a Certified Public Accountant (CPA) for my small business? As a licensed professional, a CPA has to adhere to a code of professional ethics.

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Maximizing Profits in the Healthcare Staffing Industry by Susanne Mariga

Mike Michalowicz

By focusing on reducing human touches and automating the sales and recruitment process, Angelichio and the Judge Group are able to minimize the cost associated with hiring additional internal staff while meeting their market demand in record time! So what does a blooming staffing company need to do in order to implement automation?

CPA 76
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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

2010 Net Income: $8 million. Distribution revenue is CPC and CPA. . Obviously most of these employees are working hard primarily for equity upside compensation, but Kayak’s personnel costs are roughly $200K/head so the company is highly productive on a per employee basis. 2010 Operating Income: $16 million.

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Facebook Advertising / Marketing: Best Metrics, ROI, Business Value

Occam's Razor

Compute ROI: (cost of Facebook campaigns + salary of people running campaigns + agency creative costs) vs. profit from incremental product sales. All the things that directly tie to the bottom-line of your company, which you can tie to Net Income driven by digital. An additional prove value scope can also be: Cost savings.

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How I Started, Grew & Sold An E-commerce Business For Quarter Million Dollars ($250,000) – Part 2

Entrepreneurs-Journey.com by Yaro Starak

Credit card processing costs money per transaction, whether it is a purchase or a refund. One bottle of designer perfume can cost anywhere between $15-100, and I had a ton on hand. So by paying $5M to buy company A, company B ended up saving $8M in taxes, a net saving of $3M on the whole gig. Not to mention an unhappy customer.

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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

One exception to the rule is that the federal Small Business Administration (SBA) has programs that guarantee some portion of startup costs for new businesses so banks can lend them money with the government, reducing the banks’ risk. CPAs get sued over bad audits. As I explained above, banks do lend money to startups.

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Founder Interview: Richard Lavina Innovating Accounting Services with Taxfyle

The Startup Magazine

Richard Lavina, CPA, Co-Founder and CEO of Taxfyle. Richard: I went to school for accounting and followed a path after graduation that those of us in that major typically follow: I started working for a CPA firm in Miami. TSM: What inspired you to start Taxfyle? I figured if I was having that issue, other people might be, too.

CPA 169