480-354-1040 | hello@cdtax.com

CD Tax & Financial
Schedule your free consultation today
  • Home
  • Services
    • Accounting Services
    • Tax Preparation and Planning
    • Tax Resolution
      • Help with Your IRS Audit
      • Filing Prior Years Return
      • Owing the IRS Money
      • Behind on Payroll Taxes
      • When Your Spouse Owes the IRS
    • PPP Loan Forgiveness Assistance
    • Bookkeeping
    • Payroll
    • Advisory Services
    • Consulting for QuickBooks®
    • Training for QuickBooks®
    • Cloud Accounting
  • Products
    • QuickBooks Online
    • QuickBooks Online Advanced
    • QuickBooks Desktop
    • QuickBooks Enterprise Solutions
    • QuickBooks Point of Sale
    • QuickBooks Payments
  • Industries
    • Services
    • Construction
    • Medical and Health Care
    • Real Estate
    • Non Profit
    • Retail
    • Restaurant
    • Manufacturing
    • Wholesalers and Distributors
    • eCommerce
  • Resources
    • Resources
    • Mobile Accounting
  • Testimonials
  • Blog
    • Blog
    • Newsletter
    • Weekly Tax Tip
  • About us
  • Contact
  • Home
  • Services
    • Accounting Services
    • Tax Preparation and Planning
    • Tax Resolution
      • Help with Your IRS Audit
      • Filing Prior Years Return
      • Owing the IRS Money
      • Behind on Payroll Taxes
      • When Your Spouse Owes the IRS
    • PPP Loan Forgiveness Assistance
    • Bookkeeping
    • Payroll
    • Advisory Services
    • Consulting for QuickBooks®
    • Training for QuickBooks®
    • Cloud Accounting
  • Products
    • QuickBooks Online
    • QuickBooks Online Advanced
    • QuickBooks Desktop
    • QuickBooks Enterprise Solutions
    • QuickBooks Point of Sale
    • QuickBooks Payments
  • Industries
    • Services
    • Construction
    • Medical and Health Care
    • Real Estate
    • Non Profit
    • Retail
    • Restaurant
    • Manufacturing
    • Wholesalers and Distributors
    • eCommerce
  • Resources
    • Resources
    • Mobile Accounting
  • Testimonials
  • Blog
    • Blog
    • Newsletter
    • Weekly Tax Tip
  • About us
  • Contact

Every business needs a plan

December 4, 2020 In Business Development, Business Growth, Business Tips
ShareTweetPinterestLinkedin

Having a business plan is necessary for survival in today’s competitive business environment. A written business plan is as essential for a small business as it is for large corporations. A good business plan will help you focus on current and potential problems and assist you, your advisors, and employees in improving net profit.

Many owners of small businesses fail to put their plans in writing. It takes time to get your plan reduced to writing, and since there are so many other things to be done, the business plan goes unwritten. You wouldn’t consider building a building without written plans to direct those who are assisting you. Likewise, you’ll find your business more profitable if employees and advisors have a clear picture of what it is you are trying to accomplish.

The fact that you have reduced your business plan to writing does not mean that it’s engraved in stone. Your business plan, like your building plans, is a guideline. Circumstances arise which will require that the plan be altered; that’s as it should be.

Involve your employees in the development of the business plan. Your employees have a lot to offer and their involvement will make them more enthusiastic about putting a plan to work. At least once a year you should hold a brainstorming session to review the following questions:

  1. Should we increase or decrease the line of products we offer?
  2. Is our marketing and advertising approach as effective as it can be?
  3. Are there employees whose work assignments should be redefined to make the company more efficient?
  4. What is the company’s financial condition, past, present, and future? Are there policies which need to be changed to improve the financial condition?
  5. Where do we want the company to be a year from now and five years from now?

Your business plan should be submitted along with loan applications to convince your lenders that you are serious about your business and that you have the ability to repay borrowed money.

Stay Up To Date on Taxes that Affect You!! Subscribe to our General Taxpayer Weekly Tax Tip that includes bite-size and informative tips on tax and financial changes, Monthly Client Update Newsletter, and updates on our events and seminars. Follow CD Tax on Facebook!  

business employees employers finances loans plan products small business

Monthly Archives

Categories

  • Accounting (41)
  • Accounting Software (12)
  • Amended Tax Return (4)
  • Blog (2)
  • Bookkeeping (2)
  • Bookkeeping Tips (11)
  • Business Development (25)
  • Business Growth (23)
  • Business Tips (83)
  • College (3)
  • Cool Tech Tools (13)
  • Cost-Saving Tips (14)
  • Cost-Savings Tips (5)
  • COVID-19 (46)
  • Customer Service Tips (6)
  • Decision-Making Tips (13)
  • Deductions (7)
  • Divorce (2)
  • Expense Reduction Tips (4)
  • Finance Management (9)
  • For Your Business (62)
  • Identity Theft (13)
  • Individual Tax (93)
  • IRS (39)
  • IRS Audit & Representation (4)
  • Legacy Planning (31)
  • Management Tips (9)
  • Marketing Tips (1)
  • Money Management (16)
  • News (19)
  • Payroll Tips (17)
  • Personal Development (5)
  • Profitability Tips (11)
  • QuickBooks Help (1)
  • QuickBooks Software (1)
  • QuickBooks Training (1)
  • Tax (51)
  • Tax Dates (21)
  • Tax Planning (21)
  • Tax Rates (4)
  • Tax Records (8)
  • Tax Resolution (2)
  • Time Management Tips (4)
  • Uncategorized (5)

Sitemap

  • Home
  • Services
  • Products
  • Industries
  • Resources
  • Testimonials
  • Blog
  • About Us
  • Contact

Contact Us

Tax Services, Accounting Services and Services for QuickBooks®

CD Tax & Financial
Tax Girl Enterprises LLC

8257 E. Guadalupe Rd Suite 115
Mesa, AZ 85212 United States

480-354-1040 | hello@cdtax.com


Intuit, QuickBooks, and QuickBooks ProAdvisor are registered trademarks of Intuit Inc. Used with permission under the QuickBooks ProAdvisor Agreement.

Client Portal Login CD Tax & Financial Mesa AZ

Schedule your free consultation today CD Tax & Financial Mesa AZ

©2020 CD Tax & Financial | Tax Girl Enterprises LLC
Site Design by Accelerator Websites