Steiner Business Solutions In The News!

The Richmond Times Dispatch profiled Steiner Business Solutions in the popular Metro Business Section (under Trade Names) on October 19, 2015.  Click here to read the story.

CRr0Fj1WUAASZcERTD Article

 

What’s My Business Worth?

BUILDING EQUITY IN YOUR BUSINESS

Join CEOs, Michael C. Smith of Endpoint Advisors and Dan Steiner of Steiner Business Solutions, on Monday, May 18th, 2015 for an interactive workshop on helping small to mid-market business owners increase the value of their business and assess the best options for leveraging equity. Some of the topics to be covered include:

  • Building Equity in Your Business
  • Sellability — what it means
  • Risk and Cash Flow
  • Financial versus Strategic Buyers — how to position the business
  • The 8 factors that Drive Value
  • How Those Factors Show up in Deal Pricing Today
  • How to Find Cash Flow in Your Business Now and Reduce Financial Risk

To get the most value from the workshop we suggest taking the Sellability Score survey. It takes about 15 minutes — no research necessary! Answers to the survey questions will be things you already know. Your Sellability Score is emailed to you immediately, revealing how “sellable” your business is and predicting the likelihood you’ll get a premium over industry average multiples when you’re ready to sell. At the seminar, you will receive a confidential personalized summary of your sellability and have an opportunity to schedule an in-depth review with the presenters.

Event Info:
8:00 a.m. – 10:00 a.m.
Can Can Brasserie
3120 West Cary Street
Richmond, Va 23221
$35.00 per person
Coffee & pastries will be served!

Seating is limited and paid reservations are required.
Please register online by Wednesday, May 13th, 2015

CLICK HERE TO REGISTER

Free Webinar for Business Owners

The Basics of Reading Financial Statements

April 9, 2015  1:30pm

Do you know what you are looking at when you read a Profit & Loss or Balance Sheet report? Do you know how to identify things that should be red flags? This interactive webinar will help you become more comfortable with these key financial reports and explain just how important they are to managing your business. Take advantage of this FREE resource!

Register

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Hello Southside Richmond!

We understand that people on the Southside of Richmond may not want to make the “hike” to lovely Mechanicsville (Hanover County) to see us, so we’ve just recently secured a satellite office on your side of the river. Now there’s no excuse not to take advantage of the great service, value and expertise that our wonderful team of professionals delivers every day to our clients.  The new office, conveniently located in the Boulders Business Park, is by appointment only so please make sure you contact our main office first and speak to someone who can help you make arrangements.  The address is:

7400 Beaufont Springs Dr, Suite 300Regus Office
Richmond, VA 23225

We appreciate your support!

 

 

We’re Hiring!!

Office Assistant/Marketing Coordinator

Steiner Business Solutions is looking to hire a unique individual – someone creative and personable, but also possesses a high level of attention to detail. You will spend most of your time assisting our talented team of professionals with various administrative functions, as well as answering a multi line phone system. You must have a demonstrated knowledge of Microsoft Word and Excel. Other times throughout the month you will assist with our marketing efforts. This could include maintaining our social media outlets, assisting with production of our newsletter, and making minor updates to our website. Experience with Constant Contact, Photoshop, and WordPress are desired skills. This is a full-time position. Hourly rate of pay will depend on your experience and what skills you possess. Anticipate range to be $12-$15/hr.

Please forward your resume to dwootten@steinerbusinesssolutions.com

Is Your Bookkeeping/Accounting Firm Not Giving You The Results You Want? Steiner Offers Consultant Package To Help You Grow Your Business And Become More Profitable

Steiner Business Solutions was fortunate to identify the need for outsourced accounting and CFO services back when it was first getting recognized by business owners as a viable and valuable service.  Since that time, we’ve become very successful at building and expanding on our business model.  We’ve faced many of the challenges this industry has to offer and we’ve managed to build an efficient and strong infrastructure that has allowed us to be very aggressive with our growth.  Our mission here is to do whatever it takes to help our clients enhance the performance of their businesses and become better business owners.  Now we’re taking that same objective and  offering our knowledge, tools and support to other bookkeepers and accountants across the country! 

Do any of these pain points apply to you?

  • Unsure about what rate to charge clients
  • Hourly or flat fee?
  • Margins are too low!
  • Not making enough profit!
  • Struggling to find subcontractors/employees
  • You want to add additional services but don’t know how
  • Struggling to find new clients and grow business
  • Unsure what marketing strategies to use (website, branding, networking, social media, etc.)
  • You know you need client and subcontractor agreements, but don’t know where to start

We could add a few more couldn’t we?!?!

This is where Steiner Business Solutions can help.  We have a strong understanding of what it takes to overcome all these challenges and become successful.  Here’s an outline of how we do it:

Training and consulting

  • 1 week of onsite training (at client’s location)
  • Monthly conference calls
  • On call mentoring support
  • Train on business model and best practices – process improvement

Back office support

  •  Accounting software hosting
  • Tax software hosting
  • Data backup/remote IT where feasible
  • Access to client contracts, engagement letters, contractor /employee agreements and pay plans
  • Tax return prep (if needed) – billed separately; not included in set fees
  • Bookkeeping support (if needed) – billed separately; not included in set fees

The services listed are simply a guideline/outline of what we can offer.  We will customize and tailor a package to your specific needs.  Put our resources to use and you’ll see results!!  Pricing includes a one-time fee plus a monthly retainer.  Final pricing will be determined after our initial consultation.  Contact Dan Steiner at dsteiner@steinerbusinesssolutions.com or (804) 730-9653 if interested.

Steiner Starts 2015 With New Employee

We’re happy to announce that Angela Casey has joined our team of tax and accounting professionals.  Angela has over 10 years experience working in an accounting firm, maintaining books for business clients and preparing business and personal tax returns.  She is proficient in the use of QuickBooks software.  You can reach Angela by calling (804) 730-9653.  Angela looks forward to working with you!

Angela Casey

 

Betcha didn’t know!

Most people think they have a pretty good idea of what we do at Steiner Business Solutions so we’re going to tell you about some client projects we’re involved with now that might surprise you.

  • Brokering and negotiating the sale of a partner’s equity interest in their business
  • Assist in rescinding franchise agreement and figuring the tax treatment of any refund from franchisor
  • Establish a sales forecast and cost analysis for a new business and assist owners with the pricing of their products to achieve desired margins
  • Brought in by restaurant owner to review and evaluate processes and accounting procedures.  Specifically wanted us to review office manager postings for accuracy and structure.  We provided a comprehensive report of our findings including best practice suggestions.

So as you can see, we’re not just doing bank reconciliations, payroll, and tax returns.  We’ve got talented professionals who have a broad and deep level of business and financial experience that can be put to great use if given the opportunity.  We need to break the mindset of business owners that accountants are just an overhead expense.

Looking to sell your bookkeeping business or accounting firm?

If you run your own bookkeeping business or accounting firm and feel like you’re ready to let go/get out (for whatever reason), we want to talk to you.  We know it’s not easy to get out and network to find clients.  It’s also very expensive to build a brand and infrastructure around you.  Tax season can be overwhelming!!  If you are contemplating making a change, here are a couple of options to consider:

Outright Sale/Acquisition

If you are looking to sell your practice, we would consider purchasing your assets outright.  We’ve acquired several practices to this point so we’re familiar with the process and offer several options to structure the deal.  This is is typically the choice of people who are retiring, changing careers, or taking a job in the corporate world.

Merger

If you are struggling on your own and feel like you would thrive better within a bigger firm with more resources, this may be the right option.  Your clients would be blended with our clients.  The practitioner typically stays on with us as an employee and continues to service the clients they brought with them.  Depending on the size of your practice, an equity stake may be offered.

Contact Dan Steiner at dsteiner@steinerbusinesssolutions.com if you have any interest.