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.
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.
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.
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?
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!
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.
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.
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.
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?”
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.
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.
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?
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!
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!
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!
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!
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.
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!
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.
TGG has been awarded a Top Workplaces 2020 honor by The San Diego Union-Tribune!
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.
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.
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.
According to a recent poll, 50% of company leaders believe their operations will not stabilize from the COVID-19 crisis before the next planning process. The global pandemic has placed a strain on all businesses over the last few months. Not only has it affected the current state of a business’s financials, but it also affects how businesses can plan for the future. So, how can you begin to plan if you cannot predict what is going to happen next? Has your planning process vanished since COVID?
When it comes to planning a business’ exit, it all begins with keeping excellent financials. As you, as an investment banker, work to prepare companies for the sale of their business, we can help. Here’s how TGG helps Investment Bankers and M&A Advisors prepare companies for sale
Many companies do not have financials that are clear and reflect an accurate representation of their business’ performance. At TGG, we pride ourselves on accurate reporting and expansive financial knowledge. We help transform your client’s books to ensure they are set up for success as they plan for exit.
According to Deloitte’s 2016 Global Outsourcing Survey, 59% of companies that outsource do so because of the cost-cutting benefits. While there are many other advantages to outsourcing, one of the most compelling is the ability to reduce costs. Here are 4 ways outsourcing can improve your bottom-line.
TGG has been around for 15 years! We think we’re looking pretty good for our age.
The journey of growing a company – especially a service-based company like ours – has its growing pains and we wanted to share a little about what we have learned throughout these past 15 years. It’s great to be in a position to look back and see how far we’ve come and also to be able to look forward to all that we still want to accomplish. We think we’ve really hit our stride. The systems we have put in place have set our clients and our company up for success.
At TGG we have started Bonfire Chats, webinars created to answer your questions surrounding today’s environment, and what you may need to know in the coming weeks. Last week, we discussed the Main Street Lending Program, and why it may be beneficial for you.
The Main Street Lending Program began in April, and has seen trouble gaining traction. Unlike the SBA PPP, the MSLP works with larger businesses and can provide funding for businesses in need during this uncertain time. This program could be one of the most beneficial programs for businesses today if used properly.
Every business owner wants their business to be profitable.
There are many factors that lead to a profitable business, including employee productivity. Naturally, when your employees are more productive your profit margins will increase.. Productivity and profitability are two sides of the same coin, you could say… they complete each other. Without productivity, there can be no profitability. So how do you make your business profitable through productivity? Let’s explore!
