Business Advice Archives - Page 3 of 3

What is the Best Way to Measure Your Company’s Financial Health?

Bert Doerhoff, CPA / June 15, 2019 / Business Advice, Wealth Management

While a company’s profit margin is an excellent indicator of its financial health, it’s important to consider several other factors for the most accurate picture. At Aura Wealth, we recommend that clients consider the liquidity, operating efficiency, profitability, and solvency when determining if the company’s current status is good or it could benefit from some […]

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3 Common Mistakes that Can Cause a Small Business to Fail

Bert Doerhoff, CPA / May 14, 2019 / Business Advice

It takes some degree of comfort with risk to even launch a small business in the first place. To manage your business well over the years, you must balance minimizing risks to your company with introducing a product or service to the marketplace. You must also price the product or service you offer to be

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Pitfalls to Avoid in a Start-Up Business

Bert Doerhoff, CPA / February 28, 2019 / Business Advice

Mistakes are par for the course when starting a business and can actually help you become a better business owner in the future. Unfortunately, they can also be financial disasters and hurt your pride. By learning from the mistakes of other new business owners who now have established businesses, you can reduce your learning curve

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Ingredients of an Effective Contingency Plan

Bert Doerhoff, CPA / February 13, 2019 / Business Advice, Retirement Investing, Wealth Management

As a small business owner, it can seem like you are constantly in planning mode. Planning for the next quarter, advertising, acquiring new employees, and product procurement are just some of your many duties that require a focus on planning. With all that you already have to do, coming up with a contingency plan for

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How Interest Rates Impact the Stock Market, Ripple Effect on U.S. Economy

Bert Doerhoff, CPA / December 29, 2018 / Business Advice, Wealth Management

As a small business owner, you know that numerous factors influence the economy. The stock market and federal interest rates are just two examples. Imagine for a moment that the Federal Reserve changes interest rates on the first day of next month. It wouldn’t be long before that change trickled down to the rest of

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How Small Business Weathered the Storm 10 Years after the Financial Crisis

Bert Doerhoff, CPA / December 15, 2018 / Business Advice

The financial crisis that started in 2007 and peaked between 2008 and 2010 wasn’t a pleasant experience for anyone. However, it impacted small businesses much more significantly than larger ones. Below we explore the many ways our country’s last recession affected small businesses and both the positive and negative changes they have made in response.

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Wealth Management Advice Especially for Small Business Owners

Bert Doerhoff, CPA / October 16, 2018 / Business Advice

The whole reason you went into business for yourself was to earn more money than you could as an employee. After all, your income when working for someone else is limited to want they want to pay you. Owning a business of your own opens the door to much greater earnings, but you must avoid

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5 Strategies for Successful Entrepreneurs

Bert Doerhoff, CPA / October 1, 2018 / Business Advice

To succeed as an entrepreneur, you must consistently deliver quality to your clients to make them come back for more. It’s also essential to control your time and schedule. Like losing weight or paying off personal debt, it’s a discipline that doesn’t happen overnight. It requires commitment to your business and the willingness to work

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man standing at the top of a staircase looking out

For Real Business Success Be Ready To Scale

Bert Doerhoff, CPA / September 15, 2018 / Business Advice

Every business person wants growth for his/her company, but not all of them are truly prepared for it. In order to best position your company to be prepared for such opportunities when they are presented, be sure that you are ready to scale up to that next higher level. Make a real commitment to growth

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