Eckhoff Accounting News & Resources
You’ve no doubt heard the old business cliché “cash is king.” And it’s true: A company in a strong cash position stands a much better chance of obtaining the financing it needs, attracting outside investors or simply executing its own strategic plans.
September 17, 2018
CONSUMER SENTIMENT EXCEEDS EXPECTATIONS
In its initial September edition, the University of Michigan’s monthly consumer sentiment index rose 4.6 points to 100.8, a 6-month high. Economists polled by Bloomberg had forecast a reading of 96.6. Fifty-six percent of households responding to the survey said that they had made recent financial gains; the all-time high for the survey is 57%, recorded in both March 2018 and February 1998.
Most business owners want to grow their companies. And one surefire sign of growth is when ownership believes the company can expand its operations to a second location.
If your business has reached this point, or is nearing it, both congratulations and caution are in order.
September 10, 2018
LATEST JOBS REPORT cONFIRMS WAGE GROWTH IS ACCELERATING
According to the Department of Labor’s newest employment report, average pay for U.S. private sector workers improved 2.9% in the 12 months ending in August. That is the best annualized wage boost since the end of the Great Recession in 2009 and an improvement from 2.7% in July.
Join Eckhoff and Company and Shirlaws Group for an informative event on “Creating Your JUMP – Scaling Your Business.”
Thursday, September 13, 2018
7:30 AM – 10:00 AM PDT
McInnis Park Golf Center
350 Smith Ranch Road
San Rafael, CA 94903