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Strategy Archives - Eric S. Degen, CPA Titan Accountancy

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

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

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

September 29, 2021

8 BIG Small Business Mistakes

Here’s an interesting notion: Do you realize that there are mistakes you can make at various stages of your business’ growth that can be slowly killing it for months or even years if you don’t watch for them? Well, these mistakes do exist, and they are not just reserved for the rookie companies. Many working

August 10, 2021

Adapting to the Pandemic – What Comes Next?

The Covid-19 pandemic forced many small businesses to become resourceful and innovative about how they conducted business.  While we are all still on the road to recovery, some of the hybrid business models used to adapt that came from necessity may be here to stay.  Below are four ways small businesses adapted in response to

July 27, 2021

The Top Three Mistakes Entrepreneurs Make According to Mark Cuban

You may know Mark Cuban as the Owner of the Mavericks, perhaps your exposure to him may be as a technology company billionaire, or you may be more familiar with him as an investor on the hit show Shark Tank, where entrepreneurs pitch their business ideas to a panel of investors in an attempt to

May 24, 2021

5 Simple Steps to Building Business Credit

  Building business credit plays a crucial role in your company’s funding ability.   Except for Sole Proprietorships, which operate without any legal or financial distinction between the owner and his /her company, your business has the ability to establish its own credit file, separate from you as an individual.  It should build it, protect it

May 11, 2021

What Is Benchmarking?

Benchmarking is the process of comparing your own organization, operations, or processes to prior period results and/or to other organizations in your industry or in the broader marketplace.  Many organizations compare themselves to competitors to identify and eliminate gaps in service or product delivery or to gain a competitive edge.   The most common driver

May 11, 2021

Habits of Strategic Minds

The strategic mindset is about more than just getting things done.  it is about looking at things in a careful and thoughtful manner.  It is about thinking beyond the simple day to day tasks sitting in front of you. It is about taking a disciplined and effective approach to thinking.  The strategic mindset looks at