|3 Problem Areas Where Professional Firms Can Find Lost Money|
|News Releases - Business, Economy & Finance|
|Written by Ginny Grimsley|
|Tuesday, 30 April 2013 12:50|
Architectural, Engineering & Environmental Firms
Lose an Average 100K a Year, CPA Says
June Jewell, a CPA and owner of Acuity Business Solutions consulting, says the architectural, engineering and environmental firms she works for easily lose $100,000 each year through inefficient and ineffective practices.
“Of course, sometimes the waste is much, much more – and this goes for larger and smaller businesses,” says Jewell, author of “Find the Lost Dollars: 6 Steps to Increase Profits in Architecture, Engineering, and Environmental Firms,” (www.FindTheLostDollars.com). “The problems are usually so fundamental to a business that they will never see why and how they’re bleeding money; they’re too close.”
There are several nooks and crannies in which firms are apt to lack efficiency. Jewell reviews three general areas where most of these firms can turn unnecessary losses to gains:
“I’ve worked with hundreds of A&E firms in my 28 years of consulting, and I see these shared problems so often, I offer what I call ‘the $100K Challenge,’ ’’ Jewell says. “That’s a guarantee that I can work with any business that’s doing a few million dollars a year in business and find $100,000 they’re losing in profits.”
In this post-recession economy, she says, it’s vital for firms to tune up their business management practices in order to thrive.
About June Jewell
June R. Jewell is a CPA and CEO of Acuity Business Solutions, which consults with project-based professional services firms to support profitability. She has more than 28 years of business management consulting experience and has worked with hundreds of business owners in architecture, engineering, environmental consulting, government contracting, and management-consulting industries. She has co-authored several books and is has been an assistant professorial lecturer at George Washington University. Jewell is a sought-after speaker for a wide range of industry organizations.
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