July 2017 Blog Posts

  • 3 Things Every Successful Startup Does

    July 26, 2017

     Whether you’re already in the trenches fighting to launch your dream company or contemplating quitting your job to start your own venture, it’s important to remember you don’t need to reinvent the wheel. While your idea may be revolutionary, the keys to success are universal. Every successful startup does the following very well.

    1. Timing

    Ever heard of “shareyourworld.com”? We didn’t think so. It was the first video hosting service, which even came before YouTube. While the idea was obviously amazing, the timing wasn’t right and the website never became a household name. Just because you have a great idea, doesn’t mean it will change the world. It’s important to pick the best moment to begin.

    2. Budget

    Before you spend a dime on your company, you need to have a clean and detailed budget, and stick to it. Even if you have funding, you don’t want to waste any money on unnecessary expenses, as you may need cash down the road to avert an unforeseen crisis. Keeping your business financially sound requires self-discipline and expertise from either you, or someone you can trust.

    3. Flexibility

    Speaking of unforeseen crises, it’s imperative for startups and their founders to be flexible. While having a strong belief in yourself and your plans is crucial, most likely not everything about your plan is perfect, whether it’s something as specific as your branding or possibly even your entire business structure. So be willing to change if the evidence points to you adapting! After all, it worked for Steve Jobs and Pixar.

    These aren’t the only things that matter when it comes to success in the business world, but every great company has mastered the above. We recognize doing so isn’t easy! To learn more, keep devouring information and seek guidance from the right places.

  • Tax Season Is Not The Busy Season

    July 18, 2017


    What Now?


    April 15th, the date which keeps tax accountants awake at night, has come and gone. But with that sigh of relief, an unfamiliar sense of dread can come; the question, “what do I do now?” may come to mind. Well, the answer is plenty.


    Advising


    Accountants do quite a bit more than taxes. Like here at BIG, accountants can help companies and individuals determine and reach their financial goals. Corporations need their financial data analyzed so they can make savvy business decisions, and individuals need help either bolstering their retirement accounts or growing other areas.


    Extension


    Did you really think tax season was over? People love to procrastinate, and are willing to file an extension if it means they can continue to delay work. While obviously the amount of extension work is substantially less than the normal filing period, it is still work that needs to be done by someone.


    Workshops And Seminars


    A lot of accountants are introverted and try to steer clear of the limelight, but this is an excellent way to create additional revenue. People like Tony Robbins have achieved great success because the general public is hungry to learn more about finances, especially from people with credentials like CPAs. With that said, tutoring people on a software program like Excel is something even the most shy of accountants is capable of.
    The end of tax season definitely calls for celebration. But don’t rest on your laurels for too long! There’s a lot of people out there who need financial help, and accountants are some of the most qualified experts to dispense advice.