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Small business cash flow financial sheets

9 Ways to Increase Your Small Business Cash Flow

By Business Advice

On average, approximately 50% of small businesses fail within the first year and 70% fail within the first 10. Of these failing businesses, 82% of the time, the failure stems from small business cash flow issues. Even growing businesses may have cash flow issues, resulting in an inability to pay staff, pay overhead, and keep inventory stocked. When these things are not done, your small business will fail. However, you don’t have to panic. If your business is located in…

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Small business owners asking small business accountant questions about services

6 Questions to Ask a Small Business Accountant

By Business Advice

When you are starting a small business, it’s important to have a professional small business accountant in place to handle your finances. This can help you ensure you have a handle on your finances and avoid many of the mistakes that small businesses often face. If your small business is based in or near Cincinnati, consider partnering with Orcutt & Co. We offer several service plans to meet your needs. Our plans are designed with you in mind. We can handle…

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Excited business woman looking for profitable smalll business opportunities

How to Identify Profitable Small Business Opportunities

By Business Advice

As a small business owner, it would serve you well to understand that nothing is given to you- instead, you must earn it. You will quickly learn that it’s challenging to be an entrepreneur, but if you have a great product/service and are passionate about your business, eventually the world will love it too. Perhaps you’re not seeing growth as quickly as you’d like. When you started, you expected to grow rapidly, but you are not meeting your goals. On…

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Accounting balance sheet small business liabilities

Understanding Small Business Liabilities vs. Expenses

By Business Advice

Business accounting provides small business owners with a way to track their liabilities and expenses- which both represent an outflow of funds. An expense is incurred in the current period to generate revenue, while a liability is a financial obligation that will be settled in the future. If your small business is in or near Cincinnati, let Orcutt and Co. handle your small business finances. We specialize in day-to-day bookkeeping and accounting tasks, as well as payroll and tax prep. We…

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Small business growth invest earnings profit

5 Ways to Invest Your Small Business Earnings

By Business Advice

One of the first things you must understand about starting a small business is that it will take 6 months to 1 year to start making a profit. When you do start making more than you’re spending, you should do more than celebrate. Explore the options to invest profits back into your business. For small businesses in or near Cincinnati, Orcutt & Co. is here to help you with the financials of your small business. We specialize in day-to-day accounting and…

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Business owner and employees strategizing accounting goals concept

How to Set Strategic Accounting Goals

By Business Advice

Your finances are one of the most important elements of your small business. If finances are not handled well as a top priority then you will see negative results either immediately, or as time passes. On the other hand, quality management of your finances can help you make the best decisions for your business, and even help you see ways that you can increase profits. One way you can manage your business’s finances well is to set strategic accounting goals….

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Business person financial paperwork managing small business cash flow

How to Manage Your Small Business Cash Flow

By Business Advice

How to Manage Your Small Business Cash Flow Did you know that 82% of small businesses fail due to poor management of cash flow or a poor understanding of how cash flow affects the survival of the business? As a business owner, it’s important that you understand small business cash flow management is critical. When you understand how money is coming in and going out of your business, you can make better decisions and understand your financial health. While it can be…

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Small business debt loan application funding

Good vs. Bad Small Business Debt

By Business Advice

While it’s true that financing is great for accelerating the growth of your business, it’s critical that you approach it properly. When you understand how to properly treat business debt, it’s a great way to grow your company. On the other hand, if used poorly, debt can harm your business. It’s important that you understand the difference between good and bad small business debt and understand how you can use debt to your advantage. If you have a small business…

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city of Cincinnati's economy thriving with inclusive growth skyline

Cincinnati’s Economy: Praised for Inclusive Growth

By Cincinnati

In a recent study by the Brookings Institution, Cincinnati was listed as one of the top five cities in America that have proven how communities can “rewire” their current economic system, effectively generating inclusive growth. Cincinnati’s economy has become a model for other cities due to this. In their study, the Brookings Institution focused on efforts across the United States, in the following cities: Cincinnati, OH Akron, OH Birmingham, AL Paul, MN Syracuse, NY All of these cities have taken steps…

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