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Business Solutions
 Business
problems and their solutions are as varied as the kinds of businesses in existence.
There are some issues, however, that every business faces. Whatever your business
concerns, we can provide the help you need.
Whether you are
starting a business or operating a going concern, we can help you select the
proper organizational structure and help you secure
adequate financing. We will work with you and your banker, lawyer, insurance
agent, and other advisors to solve your business problems.
We can assist you
with loan applications, pricing, credit policies, cash flow concerns, cost controls,
and other management issues. We will gladly assist you in reviewing your operations
to see what you might do to be more profitable.
What makes a
business successful?
Never stop investigating
ways to improve all areas of your business. The astute businessperson will seek
information to assist him or her in making the changes necessary to stay profitable
in a competitive business world.
Here are some
ideas that could improve your profits:
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Do
your homework.
Before you start a new business, be sure the community can support such
a business. Some areas are not large enough to warrant certain specialty
shops. A bicycle shop, for example, may take a population base of 50,000
people to make it profitable. A grocery store, on the other hand, can be
profitable in a town of only a few thousand. |
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Carefully
review business proposals.
Business deals and special franchises which sound too good to be true usually
are. We will gladly assist you in reviewing any business purchase or business
proposal. |
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Enlist
the services of professionals.
Accountants, bankers, insurance agents and lawyers can help you solve your
business problems. These professionals handle a variety of business problems
every day. They make excellent sounding boards for proposed transactions. |
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Check
reasons for incorporating.
Don't incorporate your business without first checking the long-range tax
and nontax considerations. There are many small corporations that would
have been better off operating in some other legal form. |
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Make
payroll deposits on time.
Some businesses receive penalties for late payroll tax deposits. To avoid
such problems, don't sign payroll checks unless the first check in the stack
is the payroll deposit to your bank. This may have you paying deposits earlier
than required, but you will not be receiving penalties. |
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Listen
to your customers.
You are not only selling products or services, you are selling customer
satisfaction. Satisfied customers return to spend more money and are likely
to refer new customers to you. |
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Strive
to retain customers.
It is estimated to cost ten times as much to acquire a new customer as it
does to retain a current customer through good customer service. |
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Don't
make yourself indispensable.
If your company runs well now in your absence, it will run well in the event
of your disability or death. If you are currently indispensable, start training
people now. One of the most rewarding forms of retirement is to own your
own company and to be absent as much as you like. |
Give us a call
for a no-charge initial conference. You should interview us, as you would any
professional, to determine if we will be a good long-term match for you and
your business. If we don't have the answer to your problems, we will assist
you in locating someone who does. We always welcome your questions.
DANIELLE MICHAELS &
ASSOCIATES
FINANCIAL
& TAX CONSULTING
151 N. Almont Dr., Apt. 102
Beverly Hills, California 90211
(310) 278-5374
Fax: (310) 278-5375
E-mail: taxdoctor@taxea.net
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