Studies have shown that businesses experience the same problems at various stages of development. We are knowledgeable of these common problems and challenges – as well as solutions to them – to expeditiously guide your business to the next level.
- Start-up
- Getting the framework for your business correctly established from the beginning can often make the difference between success and failure.
- Many businesses have to shut their doors because of inadequate planning.
- This is where Guidestar Accounting and Business Solutions can make a difference for your business.
- We will get you started off right, which prevents many headaches for you down the road.
- Survival
- This is a critical period for businesses.
- Many businesses start off great, but then experience cash flow issues (having trouble paying bills)
- Many business owners don’t understand why they are having trouble paying the bills.
- This is usually the result of inadequate planning at the start-up phase.
- We help you put out the fires and turn your business around.
- Success
- Congratulations! Things are going great!
- However, there are often underlying issues that are cutting into your profits.
- Usually, there are errors in your financials - which is costing you money.
- We uncover these costly errors and reveal opportunities for increased revenue.
- Growth
- More complex oversight is required at this stage.
- Changes in the business model often need to be made in order to stay competitive.
- Often, businesses at this stage are in trouble with the IRS.
- A re-tooling of your financials is often required at this stage to handle the growth of your business.
- Maturity
- Sustainability issues are common at this stage
- How will the business continue when the owner retires or leaves?
- Is key person insurance required on any key employees?
- Are repairs or upgrades to your equipment or building required?
- We examine the possibility of franchising your business.
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