Accounting Blog

3 Design Tips For Your Exit Strategy

Posted on Thu, Jan 19, 2017

A successful and effective exit from a business usually takes more than a miracle. I do believe in miracles, however gaining the greatest value for your company doesn't usually happen without a solid design and execution. As a business owner contemplating a future exit, you should be focused on a plan that includes the following 3 design tips:

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Tags: Small Business, LBA Haynes Strand, business owner, exit strategy, exit your business, succession, Exit By Design, Dave Recchion

QuickBooks Online: Is It Right For Your Business?

Posted on Fri, Jan 13, 2017

QuickBooks Online has become a widely used alternative to the traditional desktop versions of QuickBooks.  With up-to-date bank and expense information that is accessible by both the business owner and CPA (once the CPA is granted accountant access to the company) it’s easy to see the immense benefits.  Business owners have no down time as they wait for their CPA to do monthly, quarterly or yearly work and CPAs have the most recent data in order to efficiently and effectively assist their clients in day-to-day business dealings.

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Tags: CPA, LBA Haynes Strand, business owner, Quickbooks, QuickBooks Online

Julie Ayers: The 2016 NAWBO Woman Business Owner of The Year!

Posted on Thu, May 19, 2016

Julie Ayers has been named the 2016 winner of NAWBO's Woman Business Owner of the Year Award!  This award recognizes the NAWBO member who has most demonstrated strong leadership skills in growing and managing a successful business that is more than five years old.  Julie accepted the award at NAWBO's 31st Annual Awards Gala on Tuesday May 17th.  Other finalists for the award included: Jennifer Maier, President & CEO of WDS, Inc. and Suzy Johnson, President and Owner of Employee Benefit Advisors of the Carolinas, LLC.  

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Tags: LBA Haynes Strand, business owner, Julie Ayers, Woman Business Owner, NAWBO, Award

Special Interview: Top 10 Things You Should Know Before Starting A Business

Posted on Mon, Jan 04, 2016

Co-Managing Member John Bly was featured on Local Biz Now with Joe Vagnone and Wayne Biddleman.  This is a popular business radio show in North Carolina that focuses on the buying and selling of businesses and keeps listeners up to date on the local business marketplace.

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Tags: M&A, Small Business, John Bly, business owner, middle market companies, start a business

Attention Business Owners: Don't Just Survive....Thrive!

Posted on Mon, Sep 21, 2015

Are you helping your business thrive or are you helping it survive?  If you are a business owner you may be spending too much time focusing on how to keep the ship afloat and not focusing enough on the opportunity to shift your time and attention to helping your business thrive.  One option to assist you is outsourcing business functions to professionals.  Look outside your company for consultants, for example a CPA firm that provides bookkeeping or outsourced accounting services.  This can save you time and money, as the fee will likely be less than hiring a full time accountant on your staff. 

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Tags: CPA firm, CPA, outsourced accounting, LBA Haynes Strand, business owner, bookkeeping

Business Owners: Delegation Is The Key To Sustainable Value

Posted on Mon, Sep 14, 2015

Business Owners need to learn how to properly delegate roles in order to create a sustainable business.  We have seen instances where business owners, who have worked as an "army of 1", leave their business or retire and the value of the business leaves as well.  If you really want  to make a difference in your employees lives and you want to create a lasting business long after you leave - DELEGATE!

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Tags: LBA Haynes Strand, business owner, Entrepreneur, Capital Advisors, sustainable value, sustainable business

Accounting For Growing Companies: What To Consider

Posted on Tue, Aug 18, 2015

Do you know the old adage of "it takes one to know one?"  We believe this to be a characteristic of LBA Haynes Strand, that just isn't available at other CPA Firms.  We of course are talking about a growing company.  Growing companies face all kinds of challenges: accounting, hr, marketing, operations, etc, etc. But there are two areas that we see growing companies needing the most assistance in: Cash Management and Internal Controls.

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Tags: CPA firm, CPA, LBA Haynes Strand, business owner, internal controls, business growth, Growing company

LBA Haynes Strand Makes Inc. 5000 List...AGAIN!

Posted on Wed, Aug 12, 2015

LBA Haynes Strand, PLLC Ranks No. 1695 on the 2015 Inc. 5000 with Three-Year Sales Growth of 239%

We are pleased and excited to announce that Inc. magazine has ranked LBA Haynes Strand NO. 1695 on its 34th annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. This ranking makes for LBA Haynes Strand's second straight year on the Inc. 5000, as we were ranked NO. 3762 in 2014. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 5000.

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Tags: LBA Haynes Strand, business owner, Fastest-Growing Private Company, Inc. 5000

How To Find A Company To Buy

Posted on Thu, Jun 25, 2015

I receive lots of questions on M&A, but by far the most common question is: "How do I find a Company to buy?"  My answer to this is a simple one...start with Google and search for companies that are currently for sale.  That search will most likely lead you to brokers.  Normally in each industry there lies a group of brokers who focus on mergers and acquisitions. 

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Tags: M&A, LBA Haynes Strand, business owner, merger and acquisition, buy a business, Viking M&A

Grow Your Business Through A Merger

Posted on Wed, Jun 24, 2015

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Tags: mergers and acquisitions, M&A, business owner, merger, m&a process, Merger & Acquisition