Ralph Lohr MBA

”Financial statements can be used as a roadmap on your business journey to economic success. Using numbers as navigation aids can steer you in the right direction and help you avoid costly breakdowns. Most business owners don't realize that financial statements have a value that goes far beyond their use to prepare tax returns or loan applications.” - Small Business Administration

“In the paper POOR PLANNING AND MARKETING CAUSES SMALL BUSINESS BANKRUPTCY, Don Bradley III conducted a survey of small business owners located in the south and southwestern U.S. that filed for bankruptcy between 1995 and 1996 and reported that 58 percent of respondents did little to no record keeping. Keeping good detailed records of sales, expenses and debts alone is critical for the survival of any business. This is especially true for volatile small businesses. How can any financial planning be done when there is no understanding of cash on hand, outstanding credits and current expenses? Poor record keeping makes it virtually impossible for owners to know the financial status of his or her company. The fact is many small firm owners don’t want to complete this menial task, regardless of its importance.” - SMALL BUSINESS: CAUSES OF BANKRUPTCY Don B. Bradley III, University of Central Arkansas Chris Cowdery, University of Central Arkansas

"I am here to provide small businesses greater opportunity for growth and success by developing and maintaining efficient and effective accounting systems. To provide the resources for profitable decision making." - Ralph Lohr, MBA