Strategic Business Checklist...Planning Ahead & Business Culture

Strategic Business Checklist...Planning Ahead & Business Culture

Fourth of a Four Part Series

Atlanta CPA's Taxes by the Book: A Biblical Guide to Tax & Business Management is now available on line at http://www.hiscpa.com/blog/  It will be published here in full and is a must read for all seeking to take God's Principles to Tax & Business Management

Planning Ahead

Is it well written/adequate/up-to-date? Is the plan available to all key personnel? Do all employees understand and committed to your corporate mission? Do you have a standard/motto to live by? Is your business plan updated periodically and monitored against actual results? Are operating statistics and financial data appropriately measured and evaluated against the plan? Are we on track? Do we have an independent, non-biased, voice and business mentor to challenge our assumptions and decisions? Is the business plan operation based and sufficient so that knowledgeable/key employees have adequate criteria and direction to manage and operate their segment of the business? Does our banker have access to both the business plan and actual operating results? How often is this communicated? Is your banker told well in advance of any operational or financial variances? You will want your banker to positively respond when needed so be sure they are adequately prepped and informed. What does our company stand for (company motto or mission statement)? Do all employees "buy into" the statement? Is our motto one of actual operational guidance or one of superficial quality? Is our motto customer centered?

Business Culture

Are we planning to acquire a new business or sell an operating segment of our present operations? Have we adequately evaluated if this acquisition is a good fit for our present business, as it exists, mode of operations and business culture?

Shareholder, employee, IRS and other regulatory agency disputes. Are we taking the adequate steps to ensure that procedures, business practices and checklists are in compliance with local, state and federal laws? If discrepancies occur are we seeking adequate representation and prudent counsel to both resolve and make corrective procedural changes? Compensation Plans. Are our compensation plans competitive in the marketplace to attract personnel and effectively limit employee turnover? Do incentive/bonus/compensation plans effectively motivate employees to achieve qualitative and quantitative excellence?

Having a part-time CFO (Chief Financial Officer) for your business can help you stay abreast of financial and tax issues before they become problematic.

Atlanta Part-Time Virtual CFO  http://www.youtube.com/watch?v=ZDEgIDuDv_g&feature=mfu_in_order&list=UL  Visit us online at www.HisCPA.com  A Christian Atlanta CPA Firm