Taxes
How to Identify and Track the Critical Drivers in Your Business
Critical drivers are your business’s core items that maintain momentum and spur growth The successful operation of your company depends on a set of critical drivers, those core items that keep a business moving and growing. Taking the time to identify these drivers helps you better manage your teams and your business while helping you…
Read MoreHow to Build a Better Business Budget
The rolling budget model allows you to actively respond to changes, assess strengths and weaknesses, and revise spending strategies. Finding the right approach to budgeting is not always straightforward. There are several techniques that small to large businesses can integrate to plan for upcoming expenses and changes in revenue. Effective budgets not only provide essential…
Read MoreWhy Take a Proactive Approach to Management?
Many managers are too reactionary, only noticing an issue when it’s big enough to cause problems. But the right business metrics inform proactive decision-making. There are many approaches to managing a business. But when you need a solution that will help you motivate your team, manage risks, and make better decisions, a proactive approach is…
Read MoreSpotlighting Our 5 Star Program™
Provident CPA & Business Advisors provides our clients with peace of mind through our Five-Star Program. Discover how each step can smooth your path to prosperity. Executives, investors, and high-income entrepreneurs know how big of a burden tax time can be. You need a strategy in place to ensure you’re mitigating the impact and setting…
Read MoreWhy Vision Is Vital for Business Success
A good vision parallels and drives a company’s values, purpose, and mission Any business owner knows the importance of consistent performance, efficiency, and steady growth. But just as important as these considerations is your business’s vision. Without a clearly defined vision, teams won’t be aligned around a common goal. You may not know what the…
Read MoreHow Keeping Score Can Crush Poor Performance
Learn why keeping track of the numbers with scorecards will keep you on the path to growth If your team is suffering from poor or dwindling performance, there may be a simple solution that just takes a little planning. Create a scorecard for your business so you can track the numbers and use them to…
Read MoreThe Liberating Effect of Setting Time-Based Targets
The word deadline can cause stress and panic. But when a business masters the time-based target, teams unleash their potential to improve productivity and performance. Many entrepreneurs know that they must create SMART goals: those that are Specific, Measurable, Achievable, Realistic, and Timely. Details must be clearly defined and attainable so that a goal is…
Read MoreWho Is the “Right” Person for the Job?
Learn how to get the right person in the right seat with the accountability chart and “GWC” Putting the right person in the right seat is one of the biggest challenges to overcome when you want to grow your business. Each individual on the team must be motivated, committed, and in alignment with the company’s…
Read MoreHow to Practice the Pareto Principle
The Pareto Principle is a way for businesses to optimize business performance and maximize growth. Here’s how you can apply it to your operations The Pareto Principle, also known as the 80/20 Rule, helps entrepreneurs have a better grasp of how to grow their business. The 80/20 Rule is commonly applied across industries, including sports,…
Read MoreProvident Tax-Saving Tips-COVID-19 Edition
Provident Tax-Saving Tips COVID-19 Edition 1.) COVID-19: New SBA Loans for Small Businesses The COVID-19 pandemic has upended all aspects of life around the world, including the world of business here in the U.S. If your business is struggling, you may be able to get some help from the federal Small Business Administration (SBA),…
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