Follow These Financial Reporting Best Practices to Make Good Business Decisions
Are you making decisions based on flawed reporting? The next time you make an important business decision, reflect on these financial reporting best practices.
Author Profile
David Worrell
Biography
David Worrell is a serial entrepreneur, consulting CFO, and financial analyst. His new book, Entrepreneur's Guide to Financial Statements, has been called "mandatory reading for small business owners." David's tips and tricks for running a more profitable small business can be found here and on his business blog, www.FuseFinancialPartners.com.
ARTICLES BY David Worrell
What to Do Before Writing a Business Plan
If you follow these five easy steps, in less than an afternoon, you can be fully prepared to take the next step of writing a more formal business plan.
Reading Your Business's Financial Statements: Why It's Important
If you’re not thoroughly reading your company’s financial statements, you’re missing most of the benefit. Learn 3 ways to use financial statements to help your business thrive.
Shark Tank Exposed: Why Sharks Ask for Royalties and Loans
Royalties and loans are a part of too many Shark Tank offers. Find out why Sharks often ask for royalties and why you should avoid them!
The Dangers of Keeping Multiple Accounting Books for Your Business—And How to Fix It
Having one set of clear, concise, and complete accounting records is the only way to get an accurate picture of your company’s finances. Here are four reasons why some companies don’t—is yours one of them?
Marketing Budgets: Getting Your CFO to Pay for Your Creativity
Marketing budgets are often created around myths and misunderstandings that confound CFOs. Here are my favorite marketing myths and how to fix them—do any of these sound familiar?
Will You Be in Compliance on December 1? How to Cope With FLSA Changes
To determine if your business is in compliance with pending changes to the Fair Labor Standards Act, review the following decision rules for any employees who are not currently paid overtime.
Inside an MIT Incubator: What It’s Really Like to Learn Entrepreneurship at MIT
MIT entrepreneurship student Nick Majer shares how Politifund, the startup he’s helping build, hopes to revolutionize American politics, and why MIT startups seem to do so well.
Understanding the Fair Labor Standards Act—FLSA's $10,000 Gift to Employers
The new FLSA is going to have a number of unintended consequences, which will benefit companies and embarrass employees. This changes everything!
