A KPI is defined as a Key Performance Indicator. Key Performance Indicators (KPIs) and metrics are graphical measurements of how your business is achieving measured results. They can be utilized for every business industry. High-level KPIs may focus on the overall performance of your business, while low-level KPIs may focus on processes in departments such as sales, marketing, human resources, operations, support and others.
MJBiz Acquired by Emerald Expositions for $120M
With support from TGG during due diligence, MJBiz was sold to Emerald Expositions for $120M. We spoke to them about how this deal came together and what’s next!
What are Key Performance Indicators (KPIs) and Why Are They Important?
A KPI is defined as a Key Performance Indicator. Key Performance Indicators (KPIs) and metrics are graphical measurements of how your business is achieving measured results. They can be utilized for every business industry. High-level KPIs may focus on the overall performance of your business, while low-level KPIs may focus on processes in departments such as sales, marketing, human resources, operations, support and others.
The Importance of Cash Flow for Startups
As a business owner, wouldn’t life be easier if you knew what was going to happen in the future? Of course! You would know when money’s coming in and going out, the right time to hire staff, the best marketing strategy, etc. One area all business owners need to focus on is cash flow. Cash flow is vital for young start up companies with limited capital.
U-T San Diego Names TGG a Winner of the metro San Diego Top Workplaces 2021 Award
TGG has been awarded a Top Workplaces 2021 honor by U-T San Diego Top Workplaces. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The anonymous survey uniquely measures 15 culture drivers that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.
How to Prepare for a Supply Chain Disruption in the Future
There are three big things going on in the world affecting small businesses right now. Inflation, labor shortages and supply chain problems. How can you use your cash flow to drive profits in the current economic environment? We have a philosophy that cash is king, but profits generate cash. So how much cash is enough and what do you do if you have too much cash?
Three Ways to Find, Hire & Retain Employees Right Now
One of the biggest challenges facing all of us right now as business owners, is how do we find good employees, hire them and get them to want to be productive when there’s government stimulus money out there? To answer this question, we’re providing three ways to find, hire and retain employees starting right now!
Client Spotlight: Zeno Gym
Zeno Gym was inspired in 2020 to create their home workout bench by the stay-at-home policies instituted nationwide during the COVID-19 pandemic. Check out our Q&A with their Founder & CEO, Will Torrez!
Inventory Turnover & Your Cash
Are you tying up your cash in inventory? Inventory-based businesses know that when you carry a lot of inventory, it soaks up a lot of your cash. Find out what you can do to speed up your inventory turnover to free up resources for your business.
Bookkeeping and Accounting: What’s the Difference?
The terms Bookkeeping and Accounting are often used interchangeably. While both deal with the finances of small and mid-sized businesses, they both have very different meanings and provide contrasting financial information. We’re breaking down the key differences between the two, so you have a better understanding of what they mean and how they fit into your business.
How to Eliminate Fraud in Your Business
Can you afford a $200,000 case of fraud in your business? We break down the simple steps you can take to make sure fraud doesn’t happen to you.
Why Now is the Time to Sell Your Underutilized Cars
Does your business own a fleet of vehicles? Are any of them underutilized? Now may be the perfect time to sell your underutilized or used cars to turn a profit for your business.
What To Do With Extra Cash
Is it even possible to have too much cash in your business? It is! With all the Paycheck Protection Program (PPP) money being given to small businesses, some people are finding themselves in a position of too much cash. The question to ask yourself is, “How much are you earning on that cash?”
The Impact of Reducing Your Merchant Fees
Merchant fees are fees that you pay to credit card companies to process credit cards that you accept from your customers. These fees typically range anywhere from 1.8% to 2.8%, but they can be as high as 3% to 3.5% if you have a lot of fraud, credits or returns.
4 Tax Credits That Will Save You Thousands
Right now, there are trillions of dollars in government stimulus money going into the economy and one of the places that the government has put this money for businesses is in tax credits. There are four key tax credits that you need to be thinking about and possibly take advantage of today.
Should Your Business Accept Cryptocurrency?
Cryptocurrencies, like Bitcoin, have been making headlines recently. One day they’re up and another day, they’re down. They’re going to continue to do that. The question is, should you accept cryptocurrency in your business and should you bill some of your customers in cryptocurrency as well?
Accrual vs Cash Tax Filing
There are two different ways that you could be eligible to file your taxes—on a cash or an accrual basis. Find out which one is right for your business!
Client Spotlight: 0 Percent
0 Percent helps businesses get strategic low interest financing to acquire real estate or grow their business. With all of their success in helping thousands of people reach financial independence, we are excited to shine our April Client Spotlight on 0 Percent!
Your Questions. Our Answers. The Latest on the Government Stimulus Programs
Our team has been busy diving into the Paycheck Protection Program (PPP), SBA 504 loan and Employee Retention Credit. Here are our answers to the most frequently asked questions and a free download on which programs you may quality for right now!
New Law Passed! Government Still Giving Away Money to Small Business Owners
The U.S. Small Business Administration (SBA) 504 loan program has been around for a while. However, recently it’s been making the news again because its benefits were significantly enhanced with the Consolidated Appropriations Act, 2021, that was signed into law on Dec. 27, 2020. You may be wondering, who is the program for? What should you be thinking about? What are the benefits? Let’s find out!
Client Spotlight: Flying A Media
A name and logo that once belonged to a billionaire. A nonprofit organization they created to provide educational support for students. These are just a couple of unique characteristics of our February Client Spotlight; Flying A Media.
The Top 10 Ways to Lower Your Days Sales Outstanding (DSO) and Get Paid Faster
Days sales outstanding (DSO) is a measure of the average number of days that it takes a company to collect payment after a sale has been made. By lowering your DSO, it provides options for you to keep the money and invest it, or pay off debt and lower your interest costs. How exactly do you do this? Check out our blog to find out!
TGG Video: The Latest Stimulus Bill Updates You Need to Know
The SBA recently released guidance relating to PPP Funding in the 2021 Consolidated Appropriations Act. Watch as one of TGG’s CFOs, Janine Smith simplifies the main points so you can take advantage of this new round of funding and make the best decisions for your business right now.
Video: 8 Things for Small Businesses to Know about the Latest Coronavirus Relief Bill
TGG Founder & CEO, Matt Garrett recently sat down with with Vistage to deliver 8 things that small businesses need to know about the latest Coronavirus Relief Bill. Watch now!
Top 10 Takeaways on the Latest IRS Ruling Regarding PPP Forgiveness
The IRS recently issued a ruling denying Paycheck Protection Program (PPP) tax deductions even if your loan might be forgiven in the future. TGG Founder & CEO, Matt Garrett and one of TGG’s CFOs, Bonnie Howard led a TGG Bonfire Chat webinar where they broke down what this means for your business. Here are the top 10 takeaways.
The San Diego Union-Tribune Names TGG a Winner of the San Diego Top Workplaces 2020 Award!
TGG has been awarded a Top Workplaces 2020 honor by The San Diego Union-Tribune!
Client Spotlight: PRO Compression
It’s time for TGG’s Client Spotlight! We’re very excited to shine a spotlight on PRO Compression and the relationship we’ve built with them. Prior to TGG, PRO Compression Co-Founder, Jeff Pennington wasn’t getting the visibility into the company’s financials that he needed. Through partnering with us, Jeff has seen significant improvements in the business and track key trends with our TGG Way™ financial reporting package. Check out our full Q&A with Jeff below to learn more about PRO Compression!
The Latest Changes to SBA PPP Loan Forgiveness and What You Need to Know
Millions of small businesses received funding from the Small Business Association (SBA) Paycheck Protection Program (PPP) which has generated even more questions regarding how and when loans will be forgiven. Here is the latest on guidance issued from the SBA.
CFOs: Do you wish your accounting team had more consistent skills?
Would a buyer be WOWed by your financials?
Are you planning to exit in the near future? The best way to start is to get your financials in order. When a buyer evaluates the sale of your business, you must have accurate and detailed financials in order. Not only do accurate financials help your business run more effectively, but they also give the buyer a greater understanding of how well your business is functioning. Here are a few tips to help your business more attractive to potential buyers, and how an exit strategy can help you.
What to Expect in Your First 90 Days with TGG
When you sign up with TGG, you can expect two components that will contribute to your company’s success. We begin with an assessment of where your business’s financials stand at the time that you sign on with us. At TGG, we believe in understanding our client’s business on a deeper level, so this may take some time. Simultaneously, we work on your current financials to ensure your future financials remain healthy. Here’s a detailed look into each aspect of TGG’s process.