2023-12-04 17:21
Are you expected to have the answers?
What happens when you don’t?
That is when you need the wisdom, knowledge and Humility to know that you need help!
Too often as business owners we… Read More
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What are you currently using cash or accrual accounting basis? Do you know? The decisions you make affect the information you see on your financial statements.
2019-12-03 18:18
Stars/customer reviews are everywhere…and people pay attention to them!
We all look at the reviews on Amazon products – does it have one star or five; you may make your decision… Read More
2019-05-29 21:47
I am Mike Westmore. I am the owner of Bookkeeping by Mike LLC, and I provide bookkeeping services to small businesses. My mission is “To help small business owners take contro… Read More
2019-03-13 15:42
In the summer of 2016, the company I worked for faced regional layoffs and there I was, in middle management, scaling the corporate ladder canyon. This wouldn’t be the first time I&rsq&hell…Read More
2019-02-04 22:09
Using burdened labor costs to make a profit. Everything you do in business either generates or eliminates revenue. In a service oriented business, if you are not charging enough for your ser… Read More
2018-07-03 15:34
I started this business because I am good at what I do and I believe I can make a great life doing it. That what we hear from so many business owners. But starting a business isn’t alw… Read More
2018-05-18 20:00
Quote in hand!
I was ready!
I was waiting for them to show up!
From experience; it doesn’t matter how much you like to do things yourself – there is always something that is… Read More
2017-12-06 21:49
One of the greatest challenges business owners face in the current economy is finding and hiring quality employees. When the construction markets crashed in 2008, many workers in the skilled… Read More
2017-11-13 19:24
Understanding your Burdened Labor Costs (BLC) is a must. Calculating the hourly cost and responsibility for each direct labor employee creates an intricate labor tool to allow for better lab… Read More
2017-11-07 15:34
Taking a moment to introduce Michael and Kelcey Thompson. To learn why they started Applied Management Group (AMG), to what sets AMG apart from its competition, to what struggles they have e… Read More
2017-10-03 15:16
Reconciliation – did you cringe? Do you shudder at the thought? Account reconciliations don’t have to be that stressful. Although admittedly, to get to that point they are not st… Read More
2017-09-19 15:15
Set it and forget it (Ron Popeil)! Do you remember those commercials, heck they may still be playing on some of the cable channels. Your supposed to set your slow cooker and forget it. At th… Read More
2017-09-05 14:52
As business owners and managers we want to know where our money is coming from and where it is going; or better known as income and expenses. Within your software program there is more than… Read More
2017-07-25 15:29
So how we know… there are two kinds of financial statements…the one that everyone loves better known as the Income Statement and the one that no one ever really pays attention… Read More
2017-07-10 20:55
Understanding your total burdened labor costing is a must. Calculating the hourly cost and responsibility for each direct labor employee creates a useful management tool to allow for better… Read More
2017-06-20 17:57
Is hiring a struggle for you – or should I be more specific – is hiring good employees a struggle for you? We hear it all the time that it is so difficult to find good employees… Read More
2017-06-02 15:00
According to a Training Industry report published in 2016, the cost and time to train an employee varied considerably depending on the industry. Do you know your burdened labor costs an… Read More
2017-05-23 14:21
You have the good, the bad and the ugly with money! When it comes to your Accounts Payable and Accounts Receivables you never want them to be anything but good! And you really never want to… Read More
2017-05-09 14:48
We know that we have the Income Statement and the Balance Sheet. We know that we have Accounts Receivables and Accounts Payable. We know that we have Net Income and potentially Net Loss. But… Read More
2017-04-25 14:44
The forgotten statement.. yes it is true there is a forgotten financial statement… the Balance Sheet. Everyone loves their Income Statement but no one ever looks at their Balance Shee… Read More
2017-04-11 14:35
Profits we all want them! We all love them! Heck that is what we all work for profits – positive profits! We did not become business owners to pay others to work for them or to go in d… Read More
2017-03-28 15:50
I know…I know I can hear all of you saying it right now – It took you long enough! Yes it’s that time! It’s time to look at your Income Statement!
Everyone is always… Read More
2017-03-16 18:56
Focus, so often when we were little kids we were told to focus. In volleyball I was always told to focus on the ball, don’t lose sight of the ball. Up to now my focus has been on acco… Read More
2017-03-14 16:23
We have all used them. Some of us rely on them on a daily basis. Some people don’t even leave their driveways without having it on. It has become a habit and a natural part of driving… Read More
2017-02-28 15:57
Uncertainty…Merriam-Webster defines it as lack of certainty: doubt. Something that is doubtful or unknown. Uncertainty…kind of sums up being self-employed? Uncertainty…… Read More
2017-02-14 15:35
Apparently bubble gum was created by an accountant – I think it’s because accountants needed something to chew on besides their nails at the end of every month and especially at… Read More
2017-02-06 15:49
Preparing for the next generation of employees by creating a performance culture. Baby boomers are retiring at a rate of 10,000 per day through at least 2030. Have you evaluated your wo… Read More
2017-01-31 15:34
Timing in business is everything. If it’s not us personally wanting something right now, it’s our customers. Queen states it very clearly with the title of their song “I wa… Read More
2017-01-17 16:34
The number one reason why businesses fail is leadership failure. If the leadership of a business is uninformed and fails to make proper decisions for the business the business will fail. Do… Read More
2017-01-03 16:48
Happy New Year!
You have created your budget for the New Year.
You have finished your year-end process to close out your books.
You have now made it to the next step. Yes there is a next ste… Read More
2016-12-20 14:37
Year end is defined as year’s end, the end of the calendar year. Translated for all of us business owners that means “YEAR END” – the end of the fiscal year – t… Read More
2016-12-06 21:51
Budgeting…to put it bluntly I think it sucks. Now I’m not saying that it is not a critical aspect of business and that it doesn’t have to be done. I’m simply saying… Read More
2016-11-22 19:56
A journey is the act of traveling somewhere – as the adage says “life is a journey”. Being a business owner let’s take that to one step further – “busine… Read More
2016-11-08 15:28
Critical mass is the minimum amount of something required to start or maintain a venture. The minimum amount! Hmm let’s think about that for a moment….
Within business we neve… Read More
2016-10-20 20:39
The average worker stays at a job for an average of 4.4 years, according to the most recent data available from the U.S. Bureau of Labor Statistics. Millennials expect to stay in a job for l… Read More
2016-10-20 19:32
When it comes to running a business, most people are overlooking their number-one biggest asset.
Advertising, marketing, social media, and multiple others are a drop in the bucket compared t… Read More
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