Archive for the “Blog” Category

On Speculation

It’s ok to speculate. That business plan in your hand. It’s a narrative about how the future will turn out. Speculation launches us into valuable conversations for action. But know that it’s speculation, not truth.Read More

The Accelerator Dilemma

The folks who run accelerators, typically require nontechnical founders to find a technical co-founder. The thinking, is that adding a coder (ideally full-stack) will allow the startup to be more nimble and iterate faster, being more responsive to obtaining product – market fit. No argument here. However, finding the right full stack dude or dudette, […]Read More

Situation

What’s your situation? What is your capacity, today, to pursue a new opportunity? If something exciting, or life-changing comes your way, can you act? Situation is composed of a number of domains. Some are obligatory. I owe money to the bank. I have a mortgage payment. I have promised my employer that I will work […]Read More

Gross Margin

Gross Margin, perhaps our favorite accounting metric here at BookWerksTM, is calculated by subtracting what your product or service cost you (Cost of Goods Sold, or COGS), from what you sell your product for (Revenue). We typically express this as a % of Revenue. For example, if you sell an item for $9 that costs […]Read More

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Which of the Many Cincinnati Bookkeeping Companies is Best?

When a search brings up over twenty local bookkeeping services, how do you know which one is best? To determine which one or two might be good bets, Ask peers you trust from trade groups who they like. Look at the bookkeepers’ payment structures. At BookWerks™, our clients appreciate a flat monthly fee, so there are no surprises. Read their reviews and ask the firm whether they have experience in your industry, preferably with businesses the size of yours. Compare rates. A company that says they are among Cincinnati’s top bookkeeping services with rates far above or below the norm may not be the right choice. Meet in person before you make a decision. You can learn a lot in a short meeting: whether you like their approach, if they can explain finances in terms you understand, and whether you have a good feeling about them.