Category Archives: Planning

Get Real on your SBIR Indirect Rates

You drive your indirect rates for your SBIR award, not vice-versa.  The normal course of your business activities will determine your indirect rate needs based on the stage of your business. For example, if you are a first time Phase … Continue reading

Posted in FAQs, General Accounting, Planning, SBIR | Tagged | Leave a comment

SBIR Pre-award Accounting System Survey

If you’re curious about pre-award surveys, chances are that you are on the verge of getting a new federal award, or DCAA is catching up with you on prior work. To determine the adequacy of your accounting system, click on … Continue reading

Posted in Finance, General Accounting, Planning, SBIR, Uncategorized | Leave a comment

We don’t have time to do it right, but we have time to do it twice…

Two former colleagues of mine explained their perspective of the hamster wheel of managing business. “We never have time to solve problems, but we always have time to react to problems by making the same mistakes over and over.”   … Continue reading

Posted in Business Plan, Entrepreneurship, Planning, Small Business | Leave a comment

Save Taxes by Avoiding the Sole Proprietorship

Sole proprietorships are the most popular business organization structure. Why? The most common answer appears to be “it’s easy” or “it’s cheap.” While these two statements are true, the reality is that ease and cost put your assets (and viability) … Continue reading

Posted in Business Plan, Entrepreneurship, Planning, Small Business, Start-Ups | Tagged , | Leave a comment

The tale of the chaotic accounting system

As you read this situation, try to be open-minded to see if some or all of the information applies to your company. Company Y installs QuickBooks accounting software for their small business with the best of hope. Their decision was … Continue reading

Posted in Entrepreneurship, Finance, General Accounting, Planning, Small Business, Start-Ups | Leave a comment

Sales increased by 10%, but profit is down?!

Yes, this happens. The good news is your sales increased by 10%. The bad news is your sales increased by 10% and profit decreased due to selling low margin products and services. Or worse, profit margins are slipping due to … Continue reading

Posted in Finance, General Accounting, Planning, Small Business, Uncategorized | Leave a comment

The Need To Plan

Picture this. You and your family are planning a cross country trip. You know you want to end up at a certain city, a certain place. But instead of taking the time to map out the trip you just get … Continue reading

Posted in Business Plan, Entrepreneurship, Founders, How-to, Planning, Small Business, Start-Ups | 1 Comment