To say that the COVID-19 Crisis has changed everything is an understatement. We are experiencing a new reality in the way we work, interact and live. No one really knows when we will return to normal, or what normal will look like. But even though times are uncertain, it's important not to be paralyzed with fear. Here are eight action items to take now.
Agencies are feeling unprecedented pressure to be quicker, faster and better at everything they do. It’s more important than ever to be nimble, flexible, and able to pivot on a moment’s notice.
Starting the New Year right means properly closing out the previous year’s finances. Here’s a checklist to follow.
What generated the most profits for your agency last year, and more importantly, what needs improvement? Here are reports that will show what met your profitability goals and what didn't.
As the New Year arrives, agencies are under tremendous pressure. Like many businesses, they need to be ready to respond to changes the next decade will bring (expected or unexpected). Here are seven steps to position your agency to thrive in the new decade.
By Vincent G. Dong, CPA, CA
When you decide to sell your agency, you can proceed immediately or take the time to prepare. Because quick sales usually bring lower prices, planning ahead will work to your advantage. It typically takes one to two years to prepare a business for sale. This allows time to prepare the details and address any issues.
Setting prices according to the value you are providing to your clients can boost your profit margin and improve the quality of your agency’s work.
Congratulations! You’ve built your agency from scratch and grew it into a business to be proud of. Now you’re getting ready to sell it. Of course, you’ll want to ask the highest price possible.