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business development

Think, act and grow rich. Mansfield, MA-based seminar shares entrepreneur hacks.

What is your New Year’s business resolution? Are you thinking about and doing the right things to make your business the most successful it can be?

A complimentary workshop entitled “Think, act and grow rich. Entrepreneur hacks” is set for Thursday, January 16, 2020 from 6:00-7:30PM at the Mansfield Bio Incubator, 241 Francis Avenue, Mansfield, MA.

The workshop will explore four strategies for thinking critically about your business to help it to grow and thrive.

• What is your next best move? Where is your business on the business life cycle and what are the implications for its future success?
• Are you focused? How do you keep your focus on your vision, goals, projects and actions?
• Are your employees your biggest asset? Do your employees embrace change? If not, what is causing their reluctance and how can you change it?
• What makes your business different? Knowing what makes you different and finding ways to exploit the differences can dramatically improve performance.

The workshop will be led by Dominic Grew and Lisa Levesque who are certified business coaches and trainers with FocalPoint International Coaching & training.

Grew has more than 25 years of proven business development experience, building, growing and leading change, primarily in financial service companies. Dominic earned a Masters in Management from Cambridge College. Dominic is originally from Belfast , Northern Ireland, but today calls Sharon, MA home, where he lives with his wife and three children.

Levesque is a leader in business productivity and has helped Fortune 500 companies reduce costs while increasing revenue and gaining market share. Lisa is a graduate of Boston College, with a degree in Accounting and earned an MBA from Babson College. She resides in Foxboro, MA with her husband, two daughters and two dogs.

Please RSVP for the event at EventBrite at https://bit.ly/33RRacF. For more info, contact Steven V. Dubin at SDubin@MyPinnacleNetwork.com or 781-582-1061.

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Networking Boot Camp. Practical tips to make the most of handshake to handshake encounters. Free seminars in Pembroke.

MPN Logo low resGathering a pile of business cards at networking ev
ents, but not leveraging those relationships to grow your business?  Anxious about working the room at yet the next networking event?

Most people are not comfortable with networking, yet they understand that networking can be the straightest line to their next client.  The “Networking Boot Camp” seminar will provide actionable, practical tips of how to effectively work a room, network strategically, and build relationships that lead to new business.

The free seminar will be held Wednesday, June 8, 8 a.
m. – 9:30 a.m., at the training room of ACTSmart Inc. 70 Corporate Park Drive, Suite 1225, Pembroke, MA  02359.

Panelists include Steve Dubin, founder of My Pinnacle Network, a group of six business to business networks and PR Works, a full service marketing firm based in Plymouth, MA and Nancy OKeefe, founder of Simple Small Business Solutions offering business strategy and implementation that improves results based in Plymouth, MA and also President of the South Shore Women’s Business Network, providing members with resources and support they need to grow.

Networking tips and tactics will include how to work a room, how to stand out in a crowd, how to manage the exchange of
business cards, how to select someone to talk with, how to get a prospect to open up, how to disengage, how to pick the right events, planning ahead, and how to follow up and take effective next steps.

Although the seminar is free and seating is limited to 20.  Please RSVP to Steve Dubin, SDubin@MyPinnacleNetwork.com, 781-582-1061.

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Mark Diodati, CPA, MSA Promoted to Partner at Damon & Associates

Mark Diodati, CPA, MSA
Mark Diodati, CPA, MSA

Mark Diodati, a Certified Public Accountant, has recently been promoted to Partner at Damon & Associates, Inc., a leading accounting and tax firm in Pembroke, MA.

Diodati, a resident of Weymouth, MA, specializes in financial reporting, corporate and individual tax, and accounting. He consults with many small business owners to help them achieve their financial goals. For five years previous, Diodati was an Associate at the firm and also served as the Audit Manager, where he was responsible for managing projects, the budget and accounting staff.

Diodati is a member of the American Institute of Certified Public Accountants (AICPA) and the Massachusetts Society of Certified Public Accountants (MSCPA). He is a graduate of Thayer Academy High School in Braintree, MA and holds a Bachelor of Science in Accounting and Finance, as well as a Master of Science in Accounting from Northeastern University in Boston.

“Mark is a tremendous asset to the firm for building strong long-term relationships with clients,” said Michael Damon, CPA, founder of Damon & Associates.

About Damon & Associates, Inc.

For more than three decades, Damon & Associates’ experienced CPA team has been providing professional accounting, audit and tax services to businesses and high net-worth individuals throughout Massachusetts. The firm’s typical business client has sales ranging from $1M to $50M.  They also represent individuals seeking a high degree of consulting services in addition to annual tax preparation. The firm is located at 300 Oak Street, Suite 220 in Pembroke, MA.  For more information, contact (781) 924-5684 or visit http://www.damoncpa.com.

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Donna L. Marchand, CPA Joins Damon & Associates CPA

Damon & Associates, Inc. a leading accounting, tax and wealth advisory firm on the South Shore, recently appointed Donna L. Marchand, CPA as a Senior Associate.

In her new role, Ms. Marchand will be responsible for corporate accounting, corporate and individual tax return preparation, and financial statement preparation.

Prior to joining Damon & Associates, Inc., Ms. Marchand worked as a Senior Associate at Burke and Associates, CPAs, Inc. for two years.  Ms. Marchand graduated with a Master of Science in Accountancy with distinction from Bridgewater State University and passed the CPA exam in February 2014. She also holds a Master’s Degree in Education with an Undergraduate in Elementary Education and previously was a teacher for 11 years.

Ms. Marchand is a member of the Massachusetts Society of Certified Public Accountants (MSCPA). She is a resident of Hingham.

About Damon & Associates, Inc.

For more than two decades, Damon & Associates’ principal, Michael Damon CPA has been providing professional accounting, tax and wealth advisory services to businesses and high net-worth individuals throughout Massachusetts. With a team of six and plans for additional staff, Damon & Associates continues to provide the highest level of service to closely held businesses, their owners and individuals at their new Pembroke firm.

Damon & Associates’ professional accounting and business services include accounting and audit services, tax planning and preparation, bookkeeping and business development services. The firm’s typical business client has sales ranging from $1M to $30M.  They also represent individuals seeking a high degree of consulting services in addition to annual tax preparation.

Damon & Associates is located at 300 Oak Street, Suite 220 in Pembroke, MA.  For more information, contact (781) 924-5684 or visit http://www.damoncpa.com.

 

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Jennifer N. Phinney Joins Damon & Associates CPA

Damon & Associates, Inc., a leading accounting, tax and wealth advisory firm on the South Shore, has recently hired Jennifer N. Phinney, a resident of Pembroke, as an Administrative Assistant.

Ms. Phinney will be responsible for day-to-day administrative duties, which include managing calendars, planning and coordinating meetings as well as assisting with general client needs and inquiries. Prior to joining Damon & Associates, Inc., Ms. Phinney worked for Hokanson Insurance Agency as a COBRA Administrator.

About Damon & Associates, Inc.

For more than two decades, Damon & Associates’ principal, Michael Damon CPA has been providing professional accounting, tax and wealth advisory services to businesses and high net-worth individuals throughout Massachusetts. With a team of six and plans for additional staff, Damon & Associates continues to provide the highest level of service to closely held businesses, their owners and individuals at their new Pembroke firm.

Damon & Associates’ professional accounting and business services include accounting and audit services, tax planning and preparation, bookkeeping and business development services. The firm’s typical business client has sales ranging from $1M to $30M.  They also represent individuals seeking a high degree of consulting services in addition to annual tax preparation.

Damon & Associates is located at 300 Oak Street, Suite 220 in Pembroke, MA.  For more information, contact (781) 924-5684 or visit http://www.damoncpa.com.

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ARC of Greater Plymouth’s Holiday Party a Great Success

More than 60 families attended the recent Children’s Holiday Party for members of ARC of Greater Plymouth. The event, which was sponsored by Damon, Topham & Company, the CPA firm and 2011 FIVE STAR Wealth Managers based in Marshfield, was held at the Tavern on the Green in Marshfield.

This is the 12th consecutive year that Damon, Topham & Company has sponsored this fun-filled event for children nine years of age, their siblings and parents/caregivers.

The children enjoyed a wonderful meal and gifts presented to them by Santa. Jon Manning from the Marshfield Kiwanis club volunteered as Santa for the evening. After dinner, Ryan Racette, otherwise known as “Big Ryan”, a local Plymouth storyteller, entertained the children with his charming dog puppets, songs and dances. For the third consecutive year, Borders book store in Kingston donated books to be given to the children as well.

According to Jill O’Reilly, Community Support Coordinator at ARC, “The ARC party is a safe environment for the children and a setting where they can be themselves. We heard parents comment on how this year’s party was one of the best ones we’ve held.”

“The holiday season reminds us to be grateful for what we have and to share that bounty,” noted John Topham, co-founder of Damon, Topham & Company, LLC. He added, “Once again we are working with the ARC of Greater Plymouth to brighten the lives of children.”

Founded in 1966, the ARC of Greater Plymouth is a private, non-profit membership organization for people with mental retardation and related developmental disabilities and their families. The organization serves Carver, Duxbury, Halifax, Hanover, Hanson, Kingston, Marshfield, Pembroke, Plympton and Plymouth. For more information, visit their website at www.thearcofgp.com or contact 508-732-9292.

About Damon, Topham & Company

Damon, Topham & Company, LLC, are Certified Public Accountants and Business Development Advisors. Damon, Topham & Company has been named a 2011 FIVE STAR Wealth Manager, as published in Boston Magazine, part of that elite group which represents less than 3 percent of the wealth managers in the Boston area.

Utilize the “Damon, Topham Advantage”- go beyond the traditional services of auditing, accounting and taxation. Damon, Topham & Company provides business valuation, estate, individual and corporate tax planning and savings, financial planning, consulting and financing solutions. A full service multi-disciplined firm, Damon, Topham & Company has been serving the South Shore for over 20 years. Damon, Topham & Company, LLC, is located just off Route 139, 475 School St., Suite 8, Marshfield, MA. For more information, please visit the company’s website at www.damtopcpa.com.

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Damon, Topham & Company Promotes Mark J. Diodati, CPA to Audit Supervisor

Mark J. Diodati CPA
Damon, Topham & Company, LLC of Marshfield, a full service multi-disciplined firm of Certified Public Accounts, providing accounting, taxation, business development and financial services, has recently promoted Mark James Diodati, CPA to Audit Supervisor.

In his new role, Mr. Diodati will be responsible for managing projects, the budget and accounting staff. He will also oversee tax research, review tax returns and resolve complex tax and audit issues.

For two years previous, Mr. Diodati held the position of Senior Accountant at Damon, Topham & Company. He is a graduate of Thayer Academy High School in Braintree and holds a Bachelor of Science in Accounting and Finance from Northeastern University. He received a Master’s degree in Accounting from Northeastern University as well. He is a Massachusetts Certified Public Accountant and a member of the Massachusetts Society of Certified Public Accountants (MSCPA).

“Mark’s expert technical knowledge and analytical skills coupled with his ability to successfully manage a cohesive team made him the ideal candidate for Audit Supervisor,” noted John Topham, CPA, CVA, founding partner of Damon, Topham & Company.

About Damon, Topham & Company
Damon, Topham & Company, LLC, are Certified Public Accountants and Business Development Advisors. Damon, Topham & Company was named as a 2011 FIVE STAR Wealth Manager and is part of that elite group which represents less than 3 percent of the wealth managers in the Boston area.

Utilize the “Damon, Topham Advantage”- go beyond the traditional services of auditing, accounting and taxation. Damon, Topham & Company provides business valuation, estate, individual and corporate tax planning and savings, financial planning, consulting and financing solutions. A full service multi-disciplined firm, Damon, Topham & Company has been serving the South Shore for over 20 years. Damon, Topham & Company, LLC, is located just off Route 139, 475 School St., Suite 8, Marshfield, MA. For more information, please visit the company’s website at www.damtopcpa.com.

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Rodman & Rodman, P.C. Shares Cash Flow Tips for Small Business

Statistics show that in a good economy, approximately one third of all small businesses do not survive their first year of business. Approximately two-thirds do not survive year three. The primary reason a business fails is poor financial management, which in many cases is preventable.

So how can a small business survive in a bad economy? Larry Rice, CPA, Director of Strategic Consulting of Rodman & Rodman, P.C., Certified Public Accountants and business strategists catering to small and medium sized companies throughout New England, outlines critical cash flow tips for small business owners to help them weather a bad economy and beyond.

Create a cash flow projection or plan. Every small business should measure projected cash flow one year forward. That projection should be updated on a quarterly basis. A good cash flow projection starts with a good sales projection. Use historical data and be sure to consider any changes in your environment such as competition, economic change, etc. Once you have that sales projection, then it is a matter of translating those sales into the time frames that you get paid for those sales. When you place the payment for those expenses along side the receipt of revenues, you’ve created a cash flow projection.

Plan appropriately for capital expenditures. Due to an aversion of debt, many business owners pay cash for significant corporate assets. This can lead to a cash flow disaster. A good rule of thumb is that all long term assets should be financed over the expected life of those assets. If you are going to buy a machine that will last 10 years, you should seek to finance it over those 10 years. The idea is to match the outflows (the payment for the assets) to the time you expect to generate inflows (sales) from the use of that asset.

Better your credit management. Eager to make any sales, some owners do not have strong credit policies. The worst of all cash flow problems is to expend all the resources to make a product or provide a service, and then not get paid for it. Small business can not be too eager to have just any customers; they need to have the right customers. Go after the customers you want, not the customers who will waste your energy as you chase them to get paid.

Manage suppliers. Small business often pays its bills at designated times, which often are too early. Sometimes this is for convenience but can be dangerous to cash flow. Bills should be
paid timely to maintain good customer relations, but as close to the due date as possible. Seek opportunities for taking the better discounts for prompt payment from suppliers.

Manage inventory. Sometimes owners do not want to rid themselves of stale inventory at a discount, hoping that some customer will appear to pay full price. Sometimes the best course is to get rid of the inventory and use the cash for other more practical purposes.

Maintain a good relationship with a bank/lending officer. Not all credit decisions are objective. By maintaining positive communications, sometimes credit which might not be available can be secured when you maintain an open dialogue

According to Rice, “The most important financial statement is not the Balance Sheet or Profit and Loss; it is the Cash Flow Statement. Only the cash flow statement tells you how much cash your business is generating from operations. A very profitable company can still fail if the cash flow isn’t there to sustain that profit. Bottom line: more businesses fail because of poor cash flow than poor profit. Good cash flow planning is the key to small business success in any economy.”

Rodman & Rodman, P.C.

Founded in 1961, Rodman & Rodman, P.C. provides accounting, tax and business services to small and medium-sized companies throughout New England. With a focus on strategic planning, Rodman & Rodman goes beyond traditional accounting services and takes a proactive approach when serving clients to increase, preserve and sustain clients’ financial net worth.

From business valuations, taxation, audits, fraud detection and prevention services and succession planning to a variety of accounting IT services including software selection, implementation and training, the team at Rodman & Rodman serves as comprehensive advisors to clients. For individual clients, the company offers personal advisory services such as planning for real estate transactions, obtaining financing, estate planning and retirement planning as well as planning for college education. Rodman & Rodman Certified Public Accountants are located at 3 Newton Executive Park in Newton, Mass. For more information, visit their website at www.rodmancpa.com or contact Jen Reading at (617) 965-5959.

Larry Rice CPA, Rodman & Rodman

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