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According to a spokesperson from the Risk Unit of Marquette University of Milwaukee, Wisconsin, "Establishing effective internal controls can help a department operate more efficiently and effectively and provide a reasonable level of assurance that the processes and products for which it is responsible are adequately protected."
Budget forecasting is an essential part of good financial management, yet many companies rely on their once-a-year projections throughout the year. Although that strategy may have worked in the past, it’s no longer effective. Things are moving too fast: Technology, government regulations and artificial intelligence are only some of the disruptors businesses are subject to on a regular basis.
Don't scramble to get all your finances together a few days before the deadline. If you do, you're setting yourself up for disaster.
How do you get from the dream to fundraising to business plan to opening? Successful business owners recount how their meetings with potential investors helped them revise their business plan, refining the numbers and focusing on the culture they wanted to create.
How long has it been since you've taken a deep look at your business? Maybe you're focusing so much on what you need to do today that you aren't examining long-term issues that can affect your profitability. Here are some tasks that can take you where you want to be.
Why work on making your passwords stronger? Hackers will attack the low-hanging fruit first. What attackers will do is steal the storage of passwords on a vulnerable screen. These passwords are encrypted, but with tools like Pwdump, Airodump-Ng and the Meterpreter, hackers can take as much time as they need to crack your password.
How can the Small Business Administration help you grow your business? Take a quick look at how the SBA works.
Thinking that maybe an outside expert can help you solve an internal business problem? Here are the positives to hiring a business consultant. They can
If you run a business with employees, you have at some point wondered how you should compensate them for good work. It's actually a much trickier task than people realize. You have to take into account employee morale, employee performance and market averages. To get a fuller picture of how to fairly distribute raises to your employees, keep reading.
Each new office seems deserving of all your time, but there are still your existing offices, whose need for attention hasn't diminished. Building, disseminating and maintaining a cohesive business strategy across multiple sites is a challenge, but you need to get it right to continue to be successful.
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January 2020
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