Do Business Coaches Really Work?

Young Female White Collar Worker Teaching Male Colleagues

Expand Your Career With A Business Coach

When you’re wondering what the next step should or can be with your business and field a business coach may be able to help you! There are many seasoned professionals out there that are familiar with your struggles and aspirations and have the knowledge and heart to assist you in navigating your field. A business coach comes with many different personalities and ideologies which can assist the many different mindsets of people out there in the world trying to grow. It’s therefore important to do your research and find out what you ultimately want from a business coach and see if there is enough chemistry to spark a movement towards your future. Here is some information that may be helpful to you in your search for improving your career!

What is a business coach?

A business coach is someone who can assist you in furthering your career as well as establish long term business goals by developing habits that will be beneficial for your future. You can develop ideas that are not only strategic but able to be built upon. Businesses fluctuate and a business coach will be able to help your navigation through changes with a clear head and practical applications.

What should I expect from a business coach?

A business coach should be someone that acts more as a mentor than an actual coach who is willing to sit down with you or lead by example. It’s important to seek someone who is eager to impart their wisdom be it from their seasoned experience or from other field methods. It’s important that you share a sense of chemistry and agreeable mindset that will progress you further. Aim for someone who will hold you accountable and provide you with a dose of honesty so you can constructively be critiqued and challenged. With a business coach, it’s important that they are someone who is objective and can stimulate your thought process. They should be trustworthy and able to admit from past failures so you can learn from them. 

What can a business coach help with?

A business coach can be useful for people who are in different stages of their life. A business coach for entrepreneurs can start at basic functions of goal setting, networking, establishing routine and schedules. Or you may already be established and would like a business coach to assist in your potential for growth if you find yourself stumped as to where to go next. From simple stages to the more complex, a business coach is proven to assist individuals further their careers. Ultimately, it’s up to the individual to find who fits the best with their mindset to further their growth. 

Business Coach vs Management Consultant

A business coach differs from a management consultant based on the establishment and other factors. A management consultant is technically an executive coach that will typically work with individuals that are employed in larger corporations, Fortune 500s, and C-Level teams. Their focus is mostly on the preservation of culture and workmanship spirit yet they can innovate on company structures as well. With a business consultant, you’ll have someone who knows how a business works with both start-ups and established businesses. Their focus if often helping someone transition or shift gears in the playing field of business and how to carefully navigate responsibility and commitment down the road. A business coach will differ from consultants as they will tie in a bit of psychology into the mix and act more as a mentor with interpersonal goal setting, habit-forming, behavioral changes, performance goals and setting your own path.

How can a business coach help me?

A business coach is almost like a therapist that’s with you on the field. They offer wisdom and are familiar with the knowledge that specifically can help you with your career growth. They will guide and assist you in running a business and help achieve a clear vision for the future. A business coach will help connect the dots to see how ultimately this can be achieved with both your business and personal goals. They will establish where you are and get you to where you want to be.

Two Males By a Computer

Why should you hire a coach?

Reasons to Hire a Business Coach 

  • Learn Your Strengths & Weaknesses
  • Be Accountable to Someone
  • Harness Your Ideas
  • Establish Realistic Goals
  • Prioritize Business Needs
  • Get Support & Encouragement
  • Increase Your Creativity
  • Increase Income
  • Challenge Yourself
  • Try New Things
  • Find Motivation 
  • Get Out of Rut
  • Gain Confidence

How do I find a good business coach?

Business coaches know that in this day and age it’s important to offer information or previews of their styles before committing. That’s why several offer routes where you can preview their ways and see if they’re a fit for your through website, podcasts, blogs and more! A search may be as simple as looking for a business coach in your area with a simple search engine implementation such as attic insulation in Fort Worth, TX. There are various avenues to look into for leadership and management coaching, weigh your options with research and a few trials until you find the person who is right for you! 

If you’re interested in a business coach in Dallas, TX call (800) 571-7047 with R Moon Consulting!

What Can I Expect From a Business Consultant?

A Business Consultant Assists With Inventory Planning

Precision Insight for Specific Problems

Overcoming challenges is just a part of life as a business owner or corporate officer. We’ve all faced the frustration of a management problem that simply won’t go away no matter how many different angles your team analyzes it from. Sometimes the solution is to bring in an outside, experienced perspective. That’s where a business consultant can help!

Today, we’ll dig up some of the most frequently asked questions about these crucial industry experts. By the end, you should know what to expect from consulting services, when to hire a consultant, and what qualities to look for as you search for third-party talent. Let’s get started!

Consultants Explained

“Why do you need a business consultant? What exactly does a business consultant do?” Before diving into how to get the most out these misunderstood professionals, we’ll define their role in the business community.


What is the Role of a Business Consultant?

Sharma Graham (M.A.D.E. To Lead and Forbes Coaches Council contributor) does a fantastic job of defining the role of a consultant. “Consultants diagnose a problem and make a recommendation. From there, they take the client somewhere based on what they believe is best.” In other words, they tackle specific challenges laid out by the hiring company. These professionals often specialize in one or a handful of industries related to their clients.

Let’s use a personal-sized example to explain this concept. Say you discovered a sudden surge in your monthly energy costs. You can hire an energy consultant to determine why the spike occurred and how to fix the problem. After the process of home performance testing, your expert would identify the issue causing the waste and provide a solution (for measurable results)


Why Do Companies Hire Consultants?

The life cycle of a business is one of continual change, road blocks, and modifications. While companies can hire new employees to address certain problems, others are too complex or cost-prohibitive to overcome with internal talent alone. This is particularly common for smaller businesses, who don’t have a larger pool of expertise to draw from. Even larger corporations look to business consultants however, especially when they’ve become stuck in the deadly pattern of “That’s just the way we do things.”

Companies hire consultants for a variety of reasons, such as the following:

  • Process Efficiency: Discovering new ways to complete a familiar process in order to save time and money.
  • Consumer Research: Identifying traits or patterns in a particular target market to create opportunities for growth and strategize for the future.
  • Management: Determining more effective ways to hire, consolidate, and manage internal and external talent.
  • Risk Assessment: Examining the market and environmental landscape to identify risks, comply with regulations, and create solutions.
  • Financial Analysis: Assessing and consolidating the financial resources of an enterprise.

A business may hire consultants for one or more of these tasks, generally when they need a trusted, third-party perspective on a specific problem.

Consulting vs Coaching

Business Consultant vs Business Coach

Confusion between these two terms leads to thousands, sometimes millions of dollars in wasted investments. Without digging in too deep, we’ll briefly describe the differences between these two roles.

Consultants’ extensive knowledge and experience allows them to make specific, metric-driven plans to address a specific problem. You’ll find this to be true, whether you’re hunting for a business consultant for small businesses or large corporations.

Business coaches, on the other hand, offer more generalized knowledge to educate and equip management professionals. They don’t solve problems, but teach internal talent how to do so. If you’ve been looking for a mentor to guide development for yourself and/or the management team, consider a coach instead of a consultant.

How Can a Business Consultant Help?

So we’ve talked about the general purpose of a consulting professional. Now let’s dig into how a consultant can benefit your company. Keep in mind, there are countless industries in the United States alone, any of which can benefit from consulting. We’ll use some of the most frequently faced problems that have cross-industry applications.

When to Hire a Business Consultant

  • Your business struggles with inventory management.
  • Your management desires insight for launching a new product or entering a new market.
  • Your operational team craves new opportunities for better processes or department efficiency.
  • You need help planning cash flow, developing capital, or facing a financial threat.
  • Your management team needs assistance with organizing employee compensation or boosting engagement.
A Business Consultant Helps a Small Business Owner Plan Ahead

Start Finding Your Solutions!

What does it mean to be a business consultant? We have your answer at R Moon Consulting! Industry-specific knowledge, metric-driven planning, and timely results are traits you can depend on when you choose our team as your Dallas, TX business consultant. If you’ve run into management challenges, HR difficulties, or sluggish growth, feel free to talk with one of our seasoned professionals! Learn more about our services and start planning your strategies at (800) 571-7047.

How Do Small Businesses Manage Income?

A businessman drawing on an interactive graph schema.

How Can a Business Manage Finance?

When you are starting out a new business, one of the most important aspects of your management will be to manage the cash flow. Cash flow is the lifeblood of the business. Even a small mistake can increase costs exponentially. An integral way to manage your income is through finding an excellent local credit union. Credit unions have a propensity to provide loans given the needs of your business. A loan can go a long way toward accomplishing your goals. Another way you can manage your business finances in a more informed way is through acquiring a trusted mentor. Mentors can be found through reputable entrepreneurial sites. A trustworthy mentor will be able to guide you through various pitfalls using their experience and knowledge.

What are Good Money Management Skills?

Good money management skills are integral to operating a business correctly, and provides benefits in other spheres of influence. One strong factor to consider is remaining transparent in your books by consulting with a partner or trusted associate. This will assist with creating an atmosphere of respect and trust. Even if you are the only one paying the bills, should an emergency arise, having another pair of knowledgeable eyes can beneficial. Having a way of analyzing your cash flow will enable you to explore more options with regard to enabling stronger money habits. Cash flow analysis is a service that enables deeper introspection for your money managing habits.

How can I Manage Money Better?

Creating a strong budget is one of the strongest steps you can take toward financial independence. Using a reliable schema, assign all your finances and don’t leave a penny unassigned. Monies that are not attributed toward a direct goal will be vulnerable to reckless spending and waste. Educate yourself in terms of the basic aspects of finance. Learn how to read financial statements if you are not currently adept. Financial statements contain four essential details: cash flow statement, income statement, balance sheet, and statement of shareholders’ equity. Familiarize yourself with these terms and their implications. More ‘homework’ enables better money habits.

How Can I Be Cheap?

How to cut costs? An excellent question. It is important for every entrepreneur develop the habit of retaining as much of their income as possible without hampering customer satisfaction. In small business, there are two different types of costs: fixed and variable. While fixed costs occur regardless of whether or not your business is in operation, there is an availability of funds in variable costs. An example of this, is instead of purchasing costly software for your company, free, cloud-based software is equally available, and just as good.

How do Small Businesses Organize their Finances?

Use separate accounts for your personal and business funds. Separating your funds will offer you protection check points and make it easier for you to sell your business if you see that occurring in the future. Separate accounts also make it easier for you to handle your taxes on an annual basis.

Business Finance Issues

There are many business finance pitfalls that small businesses should be aware of. For example, even if your business appears to be operating smoothly on paper, building up accounts receivable can find itself short on cashflow. Getting clients and customers to pay your business in a fashion that enables you to keep it afloat is critical to your business’ financial health. Develop good collection methods to avoid this shortfall.

You may also want to be on the lookout for legal challenges. Businesses get sued – it’s a fact of life. However, even if the suit is frivolous, it can still be very costly to defend your business, which is your principle investment. Professional liability insurance can assist with insuring against certain types of lawsuits.

Business Finance Tools

There are a number of different finance tools that will assist you in relation to managing your business. One that should be on the forefront is accounting software. Quickbooks has long been the gold standard for small business accounting. Review relevant accounting software to see which fits best for your business. Two other finance tools that you should consider are a payroll management system, and agile billing. A payroll management system will help you streamline the payroll process and eliminate expensive inefficiencies. Agile billing is possible through cloud-based software, and will create better customer experiences and an increased credit score.

Business Finance and Management

There are a number of tools that will further assist with business finance management. Consult the following bullet points for further introspection:

  • Financial Dashboard. A financial dashboard allows you to see a snapshot of your small business’s financial health. These programs allow you to track key performance indicators and measure whether or not your business is performing with excellent, or to its own detriment.
  • Inventory Management. If you own a business that sells inventory, one of the tools that will help you manage this function is cloud-based software. Using one of these tools, you can efficiently track your inventory on its journey from your purchase, to it’s sale, to your customer’s order fulfillment. Such tools can also generate sales reports.
  • Business Credit Card. Obtaining a good credit score is integral to your business’ continued financial health. Opening a line of credit and operating it with prudence will lead to higher credit limits, and more expansion.

If you are considering investing in a way of marketing yourself, why not consider custom t-shirt printing? Custom t-shirt prints in Texas will allow you to label your business and provide an informal way of marketing your establishment.

Businessman wearing a watch drawing up a budget.

Business Finance Class

If you are looking to increase your business acumen, consider taking a business class. Many online classes from accredited universities are available, as well as a plethora of free courses. An investment in education is an investment in your business. Be discerning as you scan through possible options and use your business expertise to select a course that will improve the aspects of business that you want to improve.

Would you like to schedule an appointment to improve your knowledge of business finance? Our friendly operators at R Moon Consulting are available now at (800) 571-7047. Discover more about business finance in Dallas, TX.

What Do You Need To File Taxes for a Small Business?

When it comes to small business and taxes, it can feel pretty daunting knowing how to file taxes. It’s important that when you own your own small business, you know a thing or two about small business taxes and management. If you are just now starting out as a small business owner and you need help on how to file your taxes, here is a step by step guide on how to file your small business tax. 

  • Assemble Business Earnings and Expenses: Before you file your taxes, you will need to gather all of your documents that have to do with the earning and expenses that your business has been through.
  • Choose the Correct Form: Based on how you operate your small business is going to depend on the form you need to file your taxes. If you are a sole proprietor or a limited liability corporation (LLC), you are going to need different forms to fill out.
  • Fill Out Correct Form: If you are a sole proprietor, you will fill out a Schedule C form, but if you are an LLC, you will want to fill out a Form 1120.
  • Know When To File: Different forms are going to have different deadlines, so you need to know when the deadline is for your particular form so you aren’t late on filing your small business tax.

A Hand Using a Calculator and a Pen To Calculate Things Off a Form

Know What You Need To File Your Small Business Tax.

Now that you know how to file your small business tax, you might have a lot of other questions such as, “How do small businesses pay less taxes?”, “Will I get a tax refund if my business loses money?”, or “What percentage of taxes does an LLC pay?” to learn more about your small business tax, keep reading through this blog to get in-depth answers to your most frequently asked questions.

What is the Tax Bracket for a Small Business?

Taxes are already complex, but they can be more so when you own a small business. This is because taxes are very detailed and require a lot of information. In the year 2019, you will start to see the effects of the 2018 tax reform bill, which will not affect anyone until taxes are filled this year. The more you know about small business tax, the more comfortable and confident you will be in filing your taxes. So what tax bracket do small businesses fall under? It’s important to note that depending on the type of business you run will depend on the total taxes you will pay. Another thing that affects how much you pay for small business taxes is the state where your business is operating. According to Fundera, sole proprietors will pay 13.3%, C corporations pay 17.5%, S corporations pay 26.9%, and small partnerships pay 23.6%. If you need more small business tax examples, you will need to get in touch with a professional for more information.

How Do Small Business Tax Deductions Work?

In order to get the most out of your small business, it’s important to know what kind of tax breaks you can receive. If you are looking to decrease the amount you pay on your taxes, then you must be familiar with the kind of tax breaks you can write off. Below are some things you are able to deduct from your small business tax.

  • Office supplies
  • Office furniture
  • Use of your car for business
  • Travel expenses
  • Business meal expenses
  • The cost of business calls
  • Computer software
  • Electronics like computers, tablets, and smartphones
  • Business repairs like soffit repair
  • Home offices
  • Cost of renting an office space
  • Different types of insurance that pertain to your business
  • Marketing and advertising

A Hand Filing Out a Tax Form

If You Need To File Taxes for Your Business, You Need To Know When the Deadlines Are.

There are a ton of ways that you can benefit from business tax deductions, but the only way you will know about these types of deductions is if you talk to a professional.

When Are Small Business Taxes Due

As a business owner, you have to make pretty frequent tax payments. Because of this, it’s important to know when taxes are due. Depending on what kind of business you have or if you hire employees will depend on what kind of taxes you have to file. If you have an S corp or partnership, then your taxes are going to be due on March 15, 2019; if you file corporate tax returns (these types of businesses would be a sole proprietor and LLC) is due April 15, 2019. It’s important to note that not every year is going to have the same exact date. You need to check every year to determine when your small business tax is due.

If you are interested in working with a tax consultant, call R Moon Consulting at (800) 571-7047! We are a professional consulting firm who is able to help with small business tax, training, and more. For small business owners who think that they need a consultant to help them with a wide array of services for their business, we are the consulting firm to call! Call us today and one of our consultants will walk you through our tax consulting services.

5 Marketing Ideas for Your Small Business

Man On Phone

Creating a Marketing Plan Is Critical To The Success Of Your Business.

When it comes to marketing your business, there are so many different avenues to explore. Small businesses are the small fish in a very big pond that is the business world. You can’t count out small businesses and the reach they can pull, though. Every business started out as nothing at one point and then grew to become their own definition of success. The reason they were able to do that, and keep doing that, is by a little thing called marketing. Small business marketing is the key to getting your business or idea off the ground and into the living rooms and the mouths of the people surrounding you. Have you ever been driving on the freeway and seen a car that had a big logo for some company? If you can think of even one single incident of this, their marketing system is working, because you remembered what it was. These are called franchise wraps and they are just one technique in small business marketing that you can use to grab someone’s attention without really trying. In this case, you have to drive everywhere you go anyway, so why not throw your business name out there while you do it, right? Let’s talk small business marketing strategies. What are some creative ways to market your business?

  • Radio
  • Social Media
  • Blogging
  • Professional Help
  • Word Of Mouth

These are a few small business marketing ideas that you can begin with and grow from. When you have a small business, whether you have 2 employees or 20+, you need to run like a well oiled machine. That means, for starters, always come prepared. If you are serious about marketing help for small businesses, you need to be on your game at all times. A simple way to explain this is if you are driving around with your company’s logo on your car, don’t cut anyone off or park poorly (don’t be that guy). Calling up a local radio station to talk about your small business has the ability to reach people that live hours from where you are. The point is that you want to get your business into people’s minds so that when they come to a point that they potentially want a service you provide, they will remember hearing about it on the radio during their morning drive to work. You are planting the seed and then building on it. This is also where social media plays a large part. Now a day, convenience is key, so if you ask all your friends and family to start sharing a post you made on your social media page, all they have to do is click share. You have extensive knowledge about whatever it is that you are selling or you wouldn’t be selling it; write about it. People want to know what you know. Creating a blog that is well thought out and written clearly, is an important part of small business marketing. When you are looking for marketing help for small businesses or small business marketing needs, you can always get professional help. If you aren’t good at the social media aspect or creating and running a website, there are companies out there that can help do it for you. Last and certainly not least is word of mouth. Talk about your business wherever you go. If you tell the lady at the grocery store about the dentist you go to and then she needs a dentist, she may very well call the one she heard from you, get it? Word of mouth is one of the strongest ways to get your small business up and running. This will not keep it afloat in most cases, but it is certainly a great starting point.

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Let Us Help You Grow Your Business!

Marketing Questions

What is small business marketing?

Small business marketing are all the different ways that you can get your companies name out there. Before you go out into the business world, you will need to come up with a marketing strategy that you can implement to get yourself up and running. With all of the big names out there, the small businesses often get left out to dry, but setting yourself up for success and getting your name out there is what will help make your business thrive.

How do I advertise my small business?

There are a multitude of ways to advertise your small business, like the ones mentioned above. Start by sitting down with a consulting company and coming up with a marketing strategy. This will help guide you in the right direction and launch all of the hard work you are doing into reality.

What are good ideas for small business?

Being consistent is always the best idea for a small business. Reach out to people, talk about your company, and if you can, send out postcards to homes or print flyers and place them around your area. Someone is more likely to call for a service or product when they need it, if a flyer is sitting on the counter with the phone number on it. Convenience is key.

How Professional Marketing Can Help

If you have small business marketing issues or need help getting your business of the ground, call R Moon Consulting. We can help you come up with a plan that we can unfold with you and move forward. Call us at (800) 571-7047 if you need marketing planning in Dallas, TX and turn your ideas into a reality.

What is Corporate Filing?

hands rummaging through filing cabinet

For The Best Corporate Business Filings For Small Businesses, Call Our Professional Consultants Today

Ever see advertisements for businesses to get their filed organized? You probably thought ‘just buy a filing machine.’ What these advertisements are saying are do businesses need corporate business filings services? Corporate filing involves handing over paperwork to the government. So these files could be paperwork like legal settlements or tax solution and CPA services.

Filing government paperwork is stressful and confusing- one wrong mistake or forgotten piece of paper sets your plans behind. And the business world is constantly changing its rules and laws about necessary paperwork. What you filed last year could be totally different than this year, and failure to file the correct paperwork this year could result in fines, audits, or even business license suspension. Don’t fret about all that and let our professional small business consultants handle the paperwork process for you. For corporate business filings services in Dallas, TX, call R Moon Consulting at (800) 571-7047 today. Our staff stays up to date on all rule changes and modifications regarding corporate business filings laws. We also are aware of deadline adjustments, edits, and modifications.

What Are The Types of Documents Companies File?

  • formation paperwork and requests
  • structural amendments
  • dissolutions
  • mergers and acquisitions
  • document retrieval and authentication
  • tax documents
  • foreign qualification when you want to expand globally.

Is Your Business In Trouble?

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Business Woman

Let Us Help Bring You To The Next Level.

Going into any business is never easy. Whether you have been business savvy your whole life or you are just diving into the world for the first time, it is never a bad idea to ask for help. Balancing checks is one thing, but what about the marketing side? Maybe you are great at selling a product, but not so good at spending your money in the right places. This is the reason that business coaching is right for anyone. It will never hurt you to learn more and get better. That’ what growing is all about isn’t it?

How We Can Improve Your Business

Tips and Tricks – We are here to support you in any way that we can. That means that we get to help you with the little things you may not know or don’t even think about like, if your service in your office is bad, there’s no way to get calls and that’s bad for business so you may want to consider an office cell phone booster installation. Your first impression means everything so if the phones don’t work, your company won’t work.

Leadership skills – Running a company is hard and having employees can be even harder. Let us help show you what is effective about being a leader.

Money Help – Creating a budget and sticking to it is the key to making sure you never get turned upside down. If you already are upside down, let us help you come up with a plan to fix that.

Marketing – There are so many avenues to go down when it comes to marketing. We can show you what works best.

If you want to grow your business and get consulting advice in Dallas, TX, call (800) 571-7047 for the professionals at .

What is Streamlining in Business?


When You’re Looking to Streamline Your Business, Remember to Simplify and Eliminate!

To Streamline Your Business, Remember to Simplify and Eliminate.Consider all the hours you’ve spent over the years just waiting in line. Do you remember the frustration you felt as you wished you could take the time back? Now think of all the man hours you spend each week as you manage your business, and how good it would feel if there was a way to gain some of it back again. That’s exactly what streamlining your company allows you to do!

Streamlining in My Business

According to, to streamline is “To improve the efficiency of a process, business or organization by simplifying or eliminating unnecessary steps, using modernizing techniques, or taking other approaches.” The key words to pay attention to are “simplifying” and “eliminating”. To save yourself valuable man hours and money, look for activities that consume large amounts of time but provide little benefit for your team.

  • Problem: You’re spending way too much time filling out reports and paperwork.
    • Solution: Take a day and hunt down any redundant reporting or paperwork your company doesn’t benefit from.
  • Problem: You’re constantly answering the same question for different employees.
    • Solution: Create an online information resource for your team, or schedule an informative Q&A with your team.

How Can I Improve My Workflow?

One of the most dangerous sentences you can hear in business is “That’s just the way we do things.” The first steps of streamlining company workflow is understanding why your company does things the way it does, then reexamining each process for ways to improve. You’ll have to ask yourself some important questions.

  • Does this way of doing things create more or less work for my team?
  • Is this process still viable now that my business has grown?
  • Can this system be easily taught to someone else so that I can do other things, or will it always demand time from me?
  • Is this a long term way of doing business?

Streamlining can be very difficult for businesses that have developed longstanding habits and have a hard time developing a broader perspective. One great way to break through this stalemate is to hire a reliable third party business consultant.

Partnering With a Trusted Business Consultant

If your business needs a reliable, knowledgeable business consultant to assist you with your structure planning or strategic management, our team at R Moon Consulting would be happy to help! You can talk with one of our enterprise experts at (800) 571-7047.

Why A Business Consultant Is a Good Idea


Let Us Get You To The Next Level.

It is a natural instinct for people to not ask for help. The problem is that there is so much information out there, that it is impossible to be an expert on all of it. When you are starting a business or maybe you have had one for a while, it is always a good idea to ask questions and seek advice from others. There is much to learn from others because everyone’s ideas and brains work in different ways. The reason that many businesses fail is, because they do not ask for help or seek outside opinions. If you are a new business, are struggling, or just want to do better than even before, consider what a consultant could do for you.

How We Help

Business Plan – When you have someone sitting with you that knows business on a professional level, they can help you. Whether it is guiding you in the right direction, or helping you build a business plan and then actually meet the goals that you are setting, this could be a game changer for your company.

Big Dreams, Small Budget – In order to make money, you have to spend it. This saying goes way back, but it doesn’t make it any less the truth. A consultant will be able to help you get your financials in order and make a profit from it.

There are many more reasons to have a consultant to help you with your small business, but if you want to hear more or talk about what we can do for you, call R Moon Consulting at (800) 571-7047 and watch what we can do for you.

Top 3 Reasons Businesses Fail

When you set out to start your business, you have nothing but high hopes. However, many times, new business owners find themselves losing money quickly without an idea of where or how to fix it. Fortunately, they aren’t alone. In fact, more than half of new businesses will fail within 5 years. Most times, businesses begin to lose money from lack of proper business planning, disorganization in accounting, heavy employee turnover or poor service, and incorrect pricing of their product. These problems can be fixed with the right tools and can help your business skyrocket to success.

Profit in Your Business

Our Business Consultants Can Deliver the Tools Your Business Needs to Profit.

Bad or Incomplete Accounting

Your accounting records are the backbone of business planning. These records show a clear picture of your income, assets, and debts, along with all secondary, tertiary, and unaccounted for funds. Your accounting should never fall behind. Timely entry of your transactions prevents overspending and overstretching that can lead to serious setbacks. Accuracy also counts. Mixing up numbers or amounts can end up costing your company big bucks. Many times, it pays to employ an in-house accountant or contract the services of a business accountant to ensure proper record keeping.

Employee Issues

Whether your employees are constantly leaving or they are delivering bad service, both are detrimental to your business, and both can be prevented. Battle high employee turnover in the business planning stage by adjusting benefits, salary, or other perks. More specialized position details and applicant screening can also help minimize employee turnover by focusing on specialized required skills and expectations. Ensure your training endeavors are productive with highly organized and well-planned training modules. These can include, hands-on activities, worksheet-based lessons, mentor-led techniques, or a combination to provide a well-rounded and complete training experience.

Incorrect Pricing

While most businesses assume they are pricing their products parallel to their market, many times, the pricing is either too high to be cost-effective for the consumer or too low to turn a profit. In order to effectively figure pricing, consider the time spent planning, making, and distributing the product, along with the cost of materials, advertising, and promotion. This will help to create a much more accurate pricing model that can not only end up saving you money but your customer as well.

Though starting a business is an exciting and fast-moving time, in order to be successful, the correct steps must still be followed. The R Moon Consulting team can help you devise a comprehensive strategic plan and stick to it, for the ultimate business planning experience. Call us today at (800) 571-7047 to get started.