Let Us Be Your Accounting Department

Let Us Be Your Accounting Department

So you have taken the plunge and established your own company, hired a professional to create your brand, rented an office and hired your team. But in order to save costs, you are doing your own accounting to save money. As the months go by, your business...

read more
Measuring Employee Performance

Measuring Employee Performance

Having an employee performance evaluation system is important for all companies. How do you promote and develop the “best and the brightest,” if you don’t have a reliable way of identifying them or comparing them to others in and outside of your company? It’s...

read more
Cash Flow Management: What you need to know

Cash Flow Management: What you need to know

By adopting and implementing a system of monitoring, analyzing and adjusting cash flow, a company can avoid cash shortages, while having a plan in place should a problem occur. In its simplest form, cash flow management enables companies to gain control of...

read more
Cash Flow Management (Managing Accounts Payable)

Cash Flow Management (Managing Accounts Payable)

Managing accounts payable is an important component of cash flow management. We have a different view on cash flow, as it relates to accounts payable vendors, than most people do. We recommend that your vendors be treated in the same manner as your...

read more
Cash Flow Management (Your Banking Relationship)

Cash Flow Management (Your Banking Relationship)

The relationship with your business banker is a very important aspect of running a successful business. How is this applicable to cash flow management? The answer lies in the fact that if you have a line of credit, business loan, or any other type of...

read more
Management By Walking Around, (MBWA).

Management By Walking Around, (MBWA).

MBWA, is a term from the 1980's best-selling business book, "In Search of Excellence," by Tom Peters. It was a groundbreaking book in business management. Because I believed in the method introduced in the book, I became an advocate and believer in this...

read more
Come Experience The Net Profit Advantage

Come Experience The Net Profit Advantage

Why do companies choose to work with us at Net Profit? In many ways, the answer is actually quite simple. We offer more than thirty years of relevant and practical experience in several industries such as wholesale and retail, automotive, manufacturing and...

read more
The unquantifiable expense

The unquantifiable expense

What is the unquantifiable expense? Throughout my years in business, I have had an opportunity to work with and manage many companies. One day when I was out in the front office of a client just observing, something dawned on me, some employees were on cell phones,...

read more
Basics of nonprofit management

Basics of nonprofit management

All non-profit organizations should have a mission statement, corporate by-laws, board of directors’ governance guidelines, and a systems and procedures manual. Most large non-profit entities have these items in place, and if they do, they should review...

read more
Motivating Employees Can Be Key to Success

Motivating Employees Can Be Key to Success

Motivating employees is one of the most important, yet often overlooked, function of running a company. Studies and research have shown that money is not the top motivating factor for employees. What motivates employees the most? A sense of feeling needed,...

read more
Improve Your Bottom Line

Improve Your Bottom Line

How do I improve my bottom line is a frequent question that I am asked and one that every business owner loses sleep over. When I am asked this question I purposely avoid answering it right away until I ask the business owner how they would do it. The...

read more
How to manage a business crisis

How to manage a business crisis

I don’t know about you, but in my business career I have been in the middle of several crisis situations. I can look at that fact two ways, either I have the worst luck or I have been fortunate enough to learn to navigate my way through...

read more
How Much Time Is Spent On Your Business?

How Much Time Is Spent On Your Business?

If you are like the majority of us that own a business, at some point your businesses seems to run us instead of the other way around. It is easy to get caught in this trap, and unless you realize it on your own or someone points it out to you, the cycle can be...

read more
Don’t hand your employees a blank check

Don’t hand your employees a blank check

Not having a purchasing procedure is like handing your employees a blank check. While this may seem like an exaggeration, when you think about it, it is not the case at all. With a budget, computer and accounting software most business owners feel that they are...

read more
Cost Management or Cost Reduction?

Cost Management or Cost Reduction?

Cost management or cost reduction are commonly seen as cutting budgets, doing less or downsizing. We see it differently. It's about finding and removing waste, getting to know your business, and spending more time on those things that matter. There seems to be a...

read more