lightbulb laying on chalkboard with mind map like circles around it

By Sherry Lutz Herrington It used to be when you heard the acronym PPP you thought of piss-poor-planning.  Lately, it’s come to stand for the Paycheck Protection Program that the SBA has established under the recent CARES Act as part of the COVID-19 recovery plan. I think we should now use PPP to stand for…

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tomato plants

By Sherry Lutz Herrington As I sit at home under “stay at home” orders, I think, what an odd time this is. It is so quiet, so calm.  Yes, there’s an underlying sense of fear and foreboding, I think we have adapted well as individuals, as families, as communities, as a nation, and as a…

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tiger with mouth open in mid-roar

By Sherry Lutz Herrington As we move into unchartered times with the coronavirus disrupting our lives, we will likely see more financial challenges for small businesses over the coming months than we have in the last 10 years.  Unfortunately, as with most pandemics in history, there will likely be a culling of the weakest in…

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woman working on laptop with coffee and notes next to her on table

By Sherry Lutz-Herrington One of my team members brought it to my attention recently that it seems business owners are afraid of payroll.  I thought about it and I think she’s right. We talk a lot about the difference between independent contractors and employees, but we don’t talk about payroll itself. Maybe, as accounting professionals,…

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Taking a high-level view of your business early in the year can help you set yourself up for a successful, profitable, and less stressful year. It’s all in the planning. Like good road map, a well-executed plan will take you where you want or need to go. But first, you must make the plan. Although…

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Help Needed sign

Most businesses get beyond the one-woman (or one-man) show size at some point.  Usually sooner than expected.  When you are a solopreneur, it often becomes obvious that in order to grow your business you will need to expand. The question is, do you hire an employee, or do you outsource some of the work? This…

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weekly planner on ipad

When it comes to goal setting, we frequently hear about setting SMART goals. Specific Measurable Achievable Relevant Time-bound And I’m all in favor of goals being SMART; it is a simple framework to use when implementing goals, but I’d like to talk about goals from a different perspective. If you are running a business, I…

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“Gratitude can transform ordinary common days into Thanksgivings.”  William Arthur Ward My friend and accountability partner, Laura, sent me a greeting card a while back, I honestly can’t remember what it was for but she’s good about those things, and inside was a little card with a saying on each side.  The quote above was…

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cookbook type book open to blank page with ingredients around it

Although some businesses never seem to have cash flow issues and just hum along without angst, that isn’t the norm.  As we hear time and time again, most small businesses fail in the first two years.  I’m sure you’ve heard me say before that I believe this is because of the lack of proper accounting. …

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street sign that says New Way

If there’s one thing I’ve learned about being in business, it’s that there is constant change.  In a way this feels disconcerting, but once you understand it and embrace it, it can be reassuring and promising. Change is something most people fight or find uncomfortable.  If you’re running a business, often it can feel unnecessary…

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