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 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
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.
makes a business successful?
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.
are some ideas that could improve your profits:
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.
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.
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.
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.
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.
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.
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
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.
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.
Wilson & Company
Certified Public Accountants, PC
701 Seneca Street, Suite 604
(716) 839-4900 Fax: