Building a strong Financial Solution for a Retail Shop
At a Glance
After talking with the business owner and hearing their stress and causes of concern, we quickly stepped in to clean up their financial situation and to provide a calm and knowledgable presence.Challenges
For this retail startup, the owner was doing their own books and a strong business foundation had yet to be established. As is the case with most startups, there were multiple bank accounts and credit cards – all of which had never been reconciled. Their owner was stressed regarding their financial situation, didn’t have a clear picture of their company’s financial history, and lacked financial support that every business owner should have.
The Solution
After talking with this small business owner, we quickly reconciled their books, put a plan in place to close many of the bank and credit card accounts, and walked the business owner through their financial statements.
