Start With the Numbers A good place to start on next year’s budget is with the numbers you put on paper for last year, and your year-to-date results. Begin with your income statement, the first of every budget’s three primary components. Here you...

It’s that time of year – time to create your 2017 business plan and, ideally, a budget for that plan. While the idea of working with a budget may be foreign to some business owners, budgeting is one of the most fundamental tools of managing your ...

With recent storms causing flooding and wildfires happening nationwide, it’s a very ideal time to implement or revisit the disaster recovery plan for your business. A “disaster” can come in many forms, such as: A fire, flood, hurricane, tornado...

All businesses can benefit from outside advice. But it can be especially valuable to family or closely held businesses, which tend to be more insular. After all, in many cases management is made up of family members and friends who’ve worked in the...

By David Ritter, CVA, MBA – Shareholder How do goals and objectives differ? Can your team distinguish the difference between a strategy and a tactic? Does your organization differentiate its mission and its vision? These are all fairly basic co...

Some construction companies buy and maintain large fleets of equipment. Others choose to lease these assets and, in some cases, purchase select pieces at the end of the arrangement. Still others opt to rent what they need, for only as long as they ne...

Economic downturns can have a tremendous impact on people and businesses. Yet many businesses have managed to grow and prosper during times when others were going under. There are obviously ways to survive in even the worst depths of a recession. Her...

With many industries feeling the impact of declining oil prices, Doeren Mayhew recently gathered a panel of seasoned CFOs from the construction, energy and service industries to share their perspectives on best practices and steps to overcome challen...