Blog

strategic philanthropy
13
Jul

What Is Strategic Philanthropy?

The business world has a long tradition of philanthropic giving, especially over the past century. But over time, the concept of strategic philanthropy has developed as a way to challenge how traditional corporate giving has been conducted. More recently, the wider philanthropic and nonprofit sectors have shifted toward a more business-like approach. This is a focused and data-driven process and is what has come to be called strategic philanthropy. But how is it distinct from traditional forms of corporate giving?...
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tax changes
01
Jul

Tax Changes and What’s Coming in 2021

Although every year comes with minor changes to the tax code, the last year and a half have been a tumultuous time. Especially when it comes to changes to tax rates, brackets, deductions, and more. In this article, we will discuss some of the major tax changes in 2021, and review their various advantages and disadvantages to tax filers. 2021 Tax Changes First, there are several key points to understand about taxes in 2021. For as many changes as there...
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bill pay service
14
Jun

Bill Pay Services: The Future of Finance Management

In this increasingly digitalized world, it seems that there are always new programs and platforms advertised to make our lives easier. Some actually do so, while others do not. In this article, we will discuss a digital advance that really can save you a lot of time and unnecessary stress (especially if you are a small business owner): bill pay services. Some of you may already be familiar with bill pay services (sometimes known simply as “billpay”). Some may have...
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fractional CFO
28
May

How A Fractional CFO Will Level-Up Your Business

Let’s face it: being a small business owner is hard work. It’s nearly impossible to find time to do everything that you want to do to run your business. This tends to be especially true for a company’s finances. Many small business owners are not trained in running the financial side of a business, and even if they are trained in and adept at it, they are usually too involved in other areas of the company to focus a sufficient...
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risk analysis methods
18
May

Risk Analysis Methods: What You Should Know

Predicting and analyzing risk is a difficult endeavor, especially since it involves anticipating unforeseen and adverse events. Of course, these events are hard to anticipate and even harder to plan for. But, risk analysis is essential to the success of any business. Although it is highly unlikely that you will be able to anticipate risk factors with 100% efficacy, the process of thinking through potential risk factors and mapping out a plan for handling potential scenarios is a huge step...
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acquisition strategy
28
Apr

Build an Acquisition Strategy For Growing Your Business

In the business world, acquisitions are generally associated either with growth or a lack thereof. If your business is looking to expand, acquisitions (implemented with a solid acquisition strategy) can be a powerful and effective way to achieve that. However, acquisitions are a complex process complete with many legal, financial, and business details to sort out along the way. There is so much to cover, in fact, that we have written about them before. In this article, we will review...
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business valuation methods
16
Apr

Business Valuation Methods: Which is Best for You?

Business valuations are one of those tasks that many business owners plan on doing, but don’t always get to. There are many reasons why this may be the case. They can be fairly daunting, and many business owners don’t want to pay someone else to conduct a valuation for them. Plus, business valuations are mistakenly often perceived as not important enough to devote a significant amount of time or money to. Do you fall into any of those viewpoints? If...
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strategic planning process
30
Mar

The Strategic Planning Process: Why Hiring Help Matters

Strategic planning is one of those business buzzwords that is talked about but does not always turn into action. It should turn into action though. This is because strategic planning is one of the most important things you can do to improve your business’s chances of success and sustainability. It takes some time, sure, but the nice thing about the strategic planning process is that it’s all in your control. For example: you devote the time, resources, and energy into...
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