Welcome Jay Trumbower to BWK
December 9, 2022 | admin, Barton Walter and Krier
Barton, Walter & Krier is constantly growing, bringing aboard fresh talent to grow the team and expand its knowledge base to benefit clients. We recently filled a significant position with a notable industry figure and are excited about the ideas he brings to the table. Please help us welcome Jay Trumbower to BWK as Chief Executive Officer. Keep reading to find out more about our new CEO as he joins this Maple Grove CPA firm. Role Has Trumbower Focused on the Future Since joining BWK in September, Trumbower has been and will continue to oversee and manage the company’s full enterprise. Additionally, he will work closely with shareholders on the development of a strategic plan to determine a prospective course for the firm. Together, Trumbower and his Board of Directors will focus on improvements and advancements to benefit BWK on every level. “Growth that provides more opportunities for clients and our team members will be a key component of our future plans,” he said. Extensive Experience, Education, and Certification Prior to joining BWK, Trumbower worked in a Big 4 accounting firm and spent 10 years in corporate development leadership roles across a variety of industries, including architecture, engineering, construction, real estate, financial services, information technology, and more. He was CFO of a $4.5 […]
Read MorePreparing Your Business for the Long Term
November 20, 2022 | Barton Walter and Krier
Running a business is more than a 9-to-5 job. And with day-to-day elements to juggle in the present, it can be difficult to think about the future. But preparing your business for the long term is something to consider right now. Keep reading to learn what you should be doing and to uncover hints for succession planning. Succession Planning Rundown When it comes to business, no one can predict what will happen next week — or even tomorrow. That’s why it’s important to have a plan in place for if or when things change. Key players may retire, become ill and unable to work, or find new positions with other companies. With succession planning, you can prepare for the unexpected. The idea behind succession planning is to ensure your company has the right people in place, ready to fill certain roles should they become vacant. If a change occurs, you and your current staff can quickly adapt and keep operations running smoothly. The Benefits of Having a Plan Planning ahead for something that may or may not happen can seem like a hefty undertaking. But being proactive will help ensure the consistent pace of your business and help streamline any shifts in responsibility. When time is money, having a plan in place provides […]
Read MoreHave a Cash Flow Blueprint for Your Business
November 8, 2022 | Barton Walter and Krier
Sure, you want your business to succeed. A big part of that outcome involves keeping your operation running each day. To do that, you want to have a cash flow blueprint for your business. Keep reading to learn why this is important and discover helpful hints to control capital. What Comes and Goes While cash flow may not necessarily reflect a company’s success, it is crucial to the day-to-day enterprise. Cash flow reveals the actual money moving in and out of a business — what you’re earning versus spending. And the process is a give and take. What comes in: This is incoming cash from customers or clients purchasing your company’s goods or services. If invoicing is involved, your cash flow statement will indicate cash flow as accounts receivable. What goes out: Outbound monies are expenditures needed to run your business, such as production costs or rent. Expenses paid in installments will show up as accounts payable. You want to know what’s coming and going so you know when there’s cash on hand for covering expenses. A cash flow blueprint can help you stay organized and keep money moving in a balanced manner. Keep a Record The best way to know what’s coming and going is to keep a record. Monitor cash flow […]
Read More