The straight line

Category Archives: Small Business Planning

Take a Last Resort Stand on Layoffs

At the first sign of a southbound economy some companies rush into panic mode. They slash the staff and hope for the best. Certainly, labor is the biggest expense for most businesses, which is why many managers believe there is no faster, more efficient way to improve the bottom line than by cutting staff. But when...

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The Benefits of Leasing

If your company wants to improve cash flow, you might consider leasing equipment, vehicles and facilities, rather than buying. The primary advantage of leasing used to be the tax advantages. But the fact that leasing allows you to conserve cash makes it a form of financing. It’s not an alternative that works for every company so you...

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HR with Tightened Purse Strings Can Still Meet Challenges

Human resources (HR) departments face some complicated and unique challenges during difficult economic times. For example, a business facing financial cutbacks may decide to cut the benefits budget in HR, and then require the department to motivate employees who are feeling the results of those budget reductions. Such a challenge may seem impossible to meet, but...

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Use Business Intelligence to Make Profitable Decisions

As the saying goes, “knowledge is power.” To derive valuable knowledge from your company’s operating data requires the development of an effective business intelligence (BI) program. Simply put, BI is a technology-driven process for analyzing data and presenting actionable information to help corporate executives, managers and others make more informed decisions. For example, if you’re clear...

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Big Accounting Rule Changes Coming Soon

As you scramble to get up-to-date on changes to the federal tax rules under the Tax Cuts and Jobs Act, there also will be major changes to U.S. Generally Accepted Accounting Principles (GAAP). Here’s an overview of the major accounting rules that will change over the next few years. These changes are likely to require updates...

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