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Your Financial & Accounting Solutions
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AFB Business Solutions provides a full assessment of your accounting and finance needs and requirements from
the perspective of over 25 years of accounting and financial reporting experience. We are Certified QuickBooks
ProAdvisors.
"Accounting is a joke with businesses having no money, but they aren't laughing."
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Click Here for Useful Business Websites
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Certified QuickBooks ProAdvisor
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Customer Management
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Vendor Management
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Accounting Systems Setup &
Implementation
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Financial Reporting Tools
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Business Processes
Implementation
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Accounting Best Practices
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Record Keeping Practices
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Budgeting & Forecasting Tools
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Business Strategy Development &
Implementation
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Accounting is managing your entire
business from the management of your
customer, vendors, assets ,financial
obligations, records, accounting
systems, forecasting, and strategy. All
events in your business must be
accounted for.
At AFB Business Solutions, we do not
stop at simply your accounting system.
That is only one of many tools needs to
manage your business.
Rather we consider and evaluate the
entire business to insure that all its
components work toward business
objectives and growth.
All components of accounting are like
materials in a foundation. If one is weak,
the foundation may not be sufficiently
strong to hold the framework. The
foundation of the business requires that
all of its functions to be working with all
the others to sustain and grow the
business.
Once you engage our services, we then
recommend the best approach for
meeting your challenges.
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We save you time and money while providing you with quality service.
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Some alarming statistics
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The latest statistics from the Small Business Administration (SBA) show that "two-thirds of new employer establishments survive at lease two
years, and 44 percent survive at least four years.” To view this from the flip side, we can say that 33% of new employer establishments go
under within two years. 54% do not last four years.
REASONS FOR BUSINESS FAILURE
Poor Management - Many a report on business failures cites poor management as the number one reason for failure. New business
owners frequently lack relevant business and management expertise in areas such as finance, purchasing, selling, production, and hiring
and managing employees. Unless they recognize what they don't do well, and seek help, business owners may soon face disaster. They
must also be educated and alert to fraud, and put into place measures to avoid it.
Neglect of a business can also be its downfall. Care must be taken to regularly study, organize, plan and control all activities of its
operations. This includes the continuing study of market research and customer data, an area which may be more prone to disregard once
a business has been established.
Lack of Planning - Anyone who has ever been in charge of a successful major event knows that were it not for their careful, methodical,
strategic planning -- and hard work -- success would not have followed. The same could be said of most business successes. It is critical
for all businesses to have a business plan. Many small businesses fail because of fundamental shortcomings in their business planning. It
must be realistic and based on accurate, current information and educated projections for the future.
Components of Effective Planning -
Description of the business, vision, goals, and keys to success
Work force needs
Potential problems and solutions
Financial: capital equipment and supply list, balance sheet, income statement and cash flow analysis, sales and expense forecast
Analysis of competition
Marketing, advertising and promotional activities
Budgeting and managing company growth
AFB Business Solutions can help you in sizing up your business performance for keeping you on track toward your business goals.
What to know more? Call today for an initial free consultation. (866) 314-0344. Or e-mail us at info@afbbusinesssolutions.com.
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AFB Business Solutions - Bringing Successful Strategic Solutions to Business Growth
E-mail: info@afbbusinesssolutions.com
Phone: (866) 314-0344
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