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Latest Blog Archives - Eric S. Degen, CPA Titan Accountancy

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

January 4, 2023

Buy-Sell Agreements: Entity vs. Cross Purchase Agreements

A Buy-Sell Agreement assures a smooth transition of ownership and business continuity in the event of a departure of a partner or equity owner.  It is a legally binding contract that establishes how the departing owners’ shares may be reassigned (obtained by the remaining partners) should that owner die or otherwise leave the business involuntarily,

Business Drivers
December 12, 2022

8 Key Areas That Will Enhance the Value of Your Business

Try considering the value of your business from an investment standpoint. Eventually, you will ideally either pass the business on to a family member, sell it to key employees or sell it to a third party. Either way, your future is invested in the value of your business. By consciously developing the business as an

November 22, 2022

The Magic, Universal Business Formula

Have you ever wondered if there is ONE business formula that is consistent across ALL types of businesses? ONE master reference point that summarizes the KEY DRIVERS OF BUSINESS that can be applied universally across all businesses. A common language that can help a technology business owner learn from a delivery company or a retail

September 27, 2022

The 5 D’s That can Force Owners to Exit Their Businesses

Did you know that 79% of business owners have no written transition plan and 48% have done no exit planning at all? And on top of that, roughly 50% of all business exits are involuntary and are forced by dramatic external factors. You need to have a well-thought-out plan of what happens if something unexpected

August 25, 2022

Strategic Planning vs. Long-Range Planning: What’s The Difference?

Although many use these terms interchangeably, strategic planning and long-range planning differ in their emphasis on the “assumed” environment. Long-range planning is generally considered to mean the development of a plan for accomplishing a goal or set of goals over a period of several years, with the assumption that current knowledge about future conditions is

July 26, 2022

Tips to Help Win More Proposals

You have landed the opportunity to present your proposal to a prospective new client.  You should always have a game-plan and the following preparatory and presentation tips should help tip the scales in your favor. Do the proper research. Learn as much about the prospective client before meeting as you can.  “Google is your friend.” 

June 21, 2022

Ten Ways to Help Prevent Fraud From Occurring in Your Business

The following are ten ways to help prevent fraud from occurring in your business: Review Monthly Bank and Credit Card Statements. If possible, do not send your bank or credit card statements to your business address if you don’t have a Bookkeeping/Accounting Department with good internal controls in place. Have them sent to your home

April 25, 2022

How to Be a Creative Entrepreneur

There’s a great line in Alice in Wonderland when the Queen says, “Sometimes I think of 6 impossible things before breakfast.” I think you’ll agree that this has to be creativity at its best! As a small business owner this is an ideal you really need to strive for … but how on earth can