Business
Solutions
Business
problems and their solutions are as varied as the kinds of businesses
in existence. There are some issues, however, that every business
faces. Whatever your business concerns, we can provide the help you
need.
Whether
you are starting a business or operating a going concern, we can help
you select the proper organizational structure and help you secure
adequate financing. We will work with you and your banker, lawyer,
insurance agent, and other advisors to solve your business problems.
We can
assist you with loan applications, pricing, credit policies, cash
flow concerns, cost controls, and other management issues. We will
gladly assist you in reviewing your operations to see what you might
do to be more profitable.
What
makes a business successful?
Never
stop investigating ways to improve all areas of your business. The
astute businessperson will seek information to assist him or her in
making the changes necessary to stay profitable in a competitive business
world.
Here
are some ideas that could improve your profits:
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Do
your homework
Before you start a new business, be sure the community can support
such a business. Some areas are not large enough to warrant
certain specialty shops. A bicycle shop, for example, may take
a population base of 50,000 people to make it profitable. A
grocery store, on the other hand, can be profitable in a town
of only a few thousand. |
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Carefully
review business proposals
Business deals and special franchises which sound too good to
be true usually are. We will gladly assist you in reviewing
any business purchase or business proposal. |
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Enlist
the services of professionals
Accountants, bankers, insurance agents and lawyers can help
you solve your business problems. These professionals handle
a variety of business problems every day. They make excellent
sounding boards for proposed transactions. |
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Check
reasons for incorporating
Don't incorporate your business without first checking the long-range
tax and nontax considerations. There are many small corporations
that would have been better off operating in some other legal
form. |
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Make
payroll deposits on time
Some businesses receive penalties for late payroll tax deposits.
To avoid such problems, don't sign payroll checks unless the
first check in the stack is the payroll deposit to your bank.
This may have you paying deposits earlier than required, but
you will not be receiving penalties. |
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Listen
to your customers
You are not only selling products or services, you are selling
customer satisfaction. Satisfied customers return to spend more
money and are likely to refer new customers to you. |
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Strive
to retain customers
It is estimated to cost ten times as much to acquire a new customer
as it does to retain a current customer through good customer
service. |
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Don't
make yourself indispensable
If your company runs well now in your absence, it will run well
in the event of your disability or death. If you are currently
indispensable, start training people now. One of the most rewarding
forms of retirement is to own your own company and to be absent
as much as you like. |
Give
us a call for a no-charge initial conference. You should interview
us, as you would any professional, to determine if we will be a good
long-term match for you and your business. If we don't have the answer
to your problems, we will assist you in locating someone who does.
We always welcome your questions.
Cornelius,
Stegent & Price, LLP
24 Greenway Plaza, Suite 515 
Houston, TX 77046
(713) 840-9300
Fax: (713) 840-0012
