Great Ideas Aren't Enough, Entrepreneurs Must Be Able to Manage the Financial and Tax Side of the Business, Says Marks Paneth & Shron Advisor
NEW YORK, NY--(Marketwired - May 16, 2013) - What makes people good entrepreneurs frequently makes them bad at running the financial side of the business.
A new video from New York accounting firm Marks Paneth & Shron LLP (MP&S) highlights the gap between developing and finding a market fit for a new product and developing the financial foundation to sustain and scale the business.
In the video, "Having a Great Idea Is Not Enough," senior consultant Jeanne Goulet explains the landmines entrepreneurs should avoid when they launch businesses. For instance…
The video also highlights "smart moves" that can help businesses save money, including…
Entrepreneurs who are aware of the financial and tax side of their businesses will not only save themselves time by not dealing with government bureaucracy but also free themselves up to develop their products and markets.
The video is available at http://www.markspaneth.com/publications/having-a-great-idea-and-potential-product-are-not-enough.
To speak with Jeanne Goulet of Marks Paneth & Shron or for more information, please contact Katarina Wenk-Bodenmiller of Sommerfield Communications, Inc. at (212) 255-8386 or Katarina@sommerfield.com.
About Marks Paneth & Shron LLP
Marks Paneth & Shron LLP is an accounting firm with over 500 people, of whom nearly 65 are partners and principals. The firm provides public and private businesses with a full range of auditing, accounting, tax, consulting, bankruptcy and restructuring services as well as litigation and corporate financial advisory services to domestic and international clients. The firm also specializes in providing tax advisory and consulting for high-net-worth individuals and their families, as well as a wide range of services for international, real estate, media, entertainment, nonprofit, professional and financial services, and energy clients. The firm has a strong track record supporting emerging growth companies, entrepreneurs, business owners and investors as they navigate the business life cycle.
The firm's subsidiary, Tailored Technologies, LLC, provides information technology consulting services. In addition, its membership in Morison International, a leading international association for independent business advisers, financial consulting and accounting firms, facilitates service delivery to clients throughout the United States and around the world. Marks Paneth & Shron LLP, whose origins date back to 1907, is the 32nd largest accounting firm in the nation and the 16th largest in the New York area. In addition, readers of the New York Law Journal rank MP&S as one of the area's top forensic accounting firms for the third year in a row.
Its headquarters are in Manhattan. Additional offices are in Westchester, Long Island and the Cayman Islands. For more information, please visit www.markspaneth.com.
Contact Information:
Contact:
Katarina Wenk-Bodenmiller
Sommerfield Communications, Inc.
(212) 255-8386
Katarina@sommerfield.com