What differentiates The Ryan Group from many others? It’s not just about helping you with your taxes for both you and your business, The Ryan Group personnel are trained in many disciplines associated with the general accounting practice. In our day-to-day practice, we deal with the analysis of business cash flow and the company management benchmarks.
Owning your own business requires that you deal with several areas of your business that are not as much fun as selling your products or services. It is easy to ignore problem areas such as the cash management of the business. The lack of proper cash management for a business is the number one reason businesses fail within the first five years. The lack of operating capital can likely be the cause of over-extended bills which can then result in a domino effect as a result. Simply put, the issue of cash management must be addressed.
No problem is too big to deal with here at The Ryan Group. We will help to guide you and work through any problem which may result in a legal situation as well. We are consistently called upon as ‘expert witness representation’ for attorneys who may need to get involved with lawsuits pertaining to any business situation. This includes lost profits resulting from actions by other parties.
In addition, should any loss result from an unseen event such as fire or other incident that may have caused physical damage to the business, we will dissect the business in order to project what the business could have lost from such events.
Here are eight areas that business owners worry about along with the estimated time they spend on these areas.
| Priority | Description | Time spent on Project |
|---|---|---|
| 1 | Budgets | 10.00 % |
| 2 | Marketing | 20.00 % |
| 3 | Growing and Maintaining Customer Base | 20.00 % |
| 4 | Competition | 20.00 % |
| 5 | Economy | 7.0 % |
| 6 | Taxes and Legal Fees | 15.00 % |
| 7 | Employees | 5.0 % |
| 8 | Retirement | 3.0 % |
We are here to assist with compliance filings for the entity you have formed in the State you operate out of.We will also provide recommendations to determine the best State to operate out of for each individual entity.
The operating budget for the business is a very important tool, however, it is rarely updated because of the time and resources required to properly generate it. The unfortunate fact is that operating budgets only tend to be addressed when something happens to the business in terms of a change in ownership, death of an owner, or looking at what a business can be sold for in the open market. There are many aspects involved with these incidents in a business. We will provide the breakdown of the cost of production when that business is being valued.