Business

Evaluating your company’s concentration risks

February 1, 2020

The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when attempting to resolve the many challenges facing them. But the word has an alternate meaning in a business context as well — and a negative one at that. Customer concentration A common problem among many…

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What do lenders look for in a succession plan?

December 7, 2019

Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone else who holds a key interest in the longevity of your company: your lender. If you want to maintain a clear path to acquiring the working capital your business may need after you’ve stepped down,…

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The New Lease Accounting Standard’s Impact on Private Companies and Non-Profits

August 1, 2019

Written with contributions from Kathy Rizzo and Rich Eagleston  Like public companies, private companies and non-profits are also impacted by the updated lease accounting standard found in ASC 842. What does this change mean for you? We’ve outlined: • When the updated standard goes into effect • Why the change was needed • What it…

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Mastrocola on Geneva Capital Group M&A Panel in Prague

May 23, 2019

Rick Mastrocola, president and CEO of tonneson + co, recently spoke on a panel at a Geneva Capital Group M&A Dealmakers meeting in Prague to share his expertise and insights on mergers and acquisitions. In addition to Rick, the panel also included Rajesh Kothari of Cascade Partners, Bob Contaldo of XLCS° Partners and Robert Thomson…

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Strong device policy combines convenience with security

October 22, 2018

It’s easy to understand why more and more businesses are taking a “bring your own device” (BYOD) approach to the smartphones, tablets and laptops many employees rely on to do their jobs. BYOD can boost employee efficiency and satisfaction, often while reducing a company’s IT costs. But the approach isn’t without risk for both you…

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The Impact of Blockchain

April 11, 2018

No matter what your industry, now’s a good time to start learning about blockchain. Secure structure Blockchain is sometimes also called “distributed ledger technology.” It was introduced in 2009 to support digital cryptocurrencies such as bitcoin. Entries in each digital ledger are stored in blocks, with each block containing a timestamp and providing a link…

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Valuation often affects succession plans in hard-to-see ways

October 20, 2017

Any business owner developing a succession plan should rightfully assume that regular business valuations are a must. When envisioning the valuation process, you’re likely to focus on its end result: a reasonable, defensible value estimate of your business as of a certain date. But lurking beneath this number is a variety of often hard-to-see issues.…

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Bridging the divide with a mezzanine loan

October 6, 2017

In their efforts to grow and succeed, many companies eventually reach the edge of a precipice. Across the divide lies a big step forward — perhaps the acquisition of a competitor or the purchase of a new property — but, financially, there’s no way across. The money is just not there. One way to bridge…

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5 Tips for Getting the Most Value from QuickBooks

September 19, 2017

  Written by Christine Howard, a Certified QuickBooks ProAdvisor at tonneson + co QuickBooks is one of the most popular accounting programs available today. Both user-friendly and flexible, the program can be a valuable resource for small businesses in almost every industry when used properly. Though users appreciate the convenience QuickBooks offers, they sometimes miss…

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4 tough questions to ask before expanding to a new location

August 7, 2017

Is business going so well that you’re thinking about adding another location? Before you start planning the ribbon-cutting ceremony, take a step back and ask yourself some tough questions about whether a new location will grow your company — or stretch it too thin. Here are four to get you started: 1. What’s driving your…

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