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Business Help Archives - Eric S. Degen, CPA Titan Accountancy

March 22, 2023

How Small Companies Should Prepare for a Crisis

Small businesses face a unique set of challenges when it comes to dealing with a crisis. It’s important for owners to be proactive and take preparatory steps. The following tips will help small businesses prepare for and manage a crisis. Develop a crisis management plan: Small businesses should develop a crisis management plan that outlines

February 28, 2023

Benefits of a Non-Disclosure Agreement

A non-disclosure agreement (also known as an NDA) is a contract between two parties which outlines confidential information that one party wishes to protect and keep confidential from the other. There are many benefits associated with using an NDA, and in this article, we will discuss some of them. First and foremost, an NDA helps

January 25, 2023

Strategic Drivers of Business

Strategic drivers of business are forces, both internal and external, that shape an organization’s business strategy.  Strategies that fail to adapt to forces such as technological change, competition and regulations are recipes for disaster. By no means comprehensive, below we discuss eight such drivers, to set you on the right path: Organizational Effectiveness: Does the company

February 21, 2022

Excellence is Never an Accident

“Excellence is never an accident; it is always the result of high intention, sincere effort, intelligent direction, skillful execution and the vision to see obstacles as opportunities.” The above anonymous quote was displayed prominently in an office, where, oddly enough, it seemed to attract very little attention. In any case, it has made enough of

January 27, 2022

4 Styles of Leadership

Capable leadership is one of the most important traits of a successful business owner, manager or executive.  However, different circumstances call for different management styles.  This article discusses four basic types:  Directive, Participative, Laissez-faire and Adaptive.  Directive: This is the perhaps the oldest form and is relatively autocratic.  Someone using a directive style tells people

January 27, 2022

Why a Business Coach Instead of a Consultant?

In the past several years, business coaching has gone beyond a luxury reserved for Corporate America’s executives to an invaluable tool for small business owners. Yet many small business owners are still unclear on the difference between a business coach and a business consultant. The difference is as simple as the old expression “give a

December 23, 2021

Reduce Labor Costs by 30% in 90 Days

  For many Manufacturing, Trades and Tech Companies labor is the single largest expense item in their operation. Labor costs are often the difference between profit and loss and the quality of life the business owner will enjoy.  Here we talk about some ways to reduce labor costs.   First, it is absolutely imperative that

October 26, 2021

Nothing Stays the Same – Be the Gardener

Nothing ever stays the same. On the one hand we despise change yet on the other we don’t want to stagnate and become boring. Yet our habits keep us locked into a course of action day after day, year after year. The way we think, the way we behave, the way we experience things, the

September 17, 2021

Innovation is a State of Mind

You probably know the myth of innovation as a sudden flash of insight that comes from nowhere. We read about that “aha” moment, or that light bulb turning on in the mind of some inventor or innovator, and this is true to an extent. Einstein really did get flashes of insight while shaving in the