3 Keys to
Strong Business Financials
fail for many reasons - dysfunctional management, insufficient
working capital, insurmountable competition.
Why they succeed, on the other
hand, is often easily explained. Regardless of size and
sector, most healthy companies share the following three
characteristics when it comes to their financials:
You've no doubt heard it before, but this cliché is true: Cash
is king. Without a robust revenue stream coming in,
profitability will be precarious. To determine how much
revenue your company needs to be profitable, perform a
profitability breakeven analysis. Then review your sales and
determine where you can make changes. For example, you may
need to invest more in R&D or focus more on prospective
Well-managed labor and production costs
For most companies, labor is their biggest production cost -
particularly when benefits and taxes are factored into the
equation. Determine whether your labor force increases the
value of products or services enough to offset its high cost.
If not, consider solutions such as:
Providing more training or better incentives,
Improving production processes, or
Investing in more modern facilities.
When production overhead costs are too high relative to a
product's sales price, take action. You might increase the
price of the product, find better production methods or even
discontinue the product.
Operating expenses - costs you incur to run your business that
aren't directly attributable to production - must be
minimized. For example, compensation takes a big bite out of
your operations budget, so monitor staffing needs relative to
sales and adjust them if necessary. And while you can't
eliminate marketing expenditures, you can review your sales
levels relative to them and ensure you're getting bang for
Establish a foundation
If you're trying to build the foundation for a healthy,
long-lived business, focus on these three keys. For help
applying them to your company's specific size and situation,
please call us. Call us at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,