Financial Statements For 8(a) Certification

While the goal of having a business 8(a) certified is to gain the United States Government as a customer, the 8(a) application process itself has a huge additional benefit: the 8(a) application forces you to get your business organization in order. This means compiling several business documents. Most important of these are the company financial statements.

Why your small business needs financial statements

Small business owners are in the difficult position of having a few people trying to do everything. Often things fall by the wayside in the pursuit of survival.

To many small business owners, the company financial records may seem confusing. This makes sense; they are specialists in their own fields rather than accounting. Yet the importance of having good financial statements is paramount to success, whether it is in the 8(a) application process or business in general. Not only do you need a complete set of accurate financial statements to become 8(a) certified, but you need them to get a bank loan and money from investors.

Company financial statements are very simple documents which can include a vast amount of information. An easy way to understand what goes into a set of financial statements is to break the financial statements into three parts.

These parts are:

• Income Statement



• Assets and Liabilities


• Equity

Income Statement.

The Income Statement shows the money coming in and the money going out of your business during a given time called the reporting period a day, week, month, year or a date range of your choosing.

The Income Statement has three sections: Income, Cost of Goods Sold, and Expenses. The

While the business financial statements are just one piece of the 8(a) application puzzle, properly prepared and updated financial statements take a lot of the guesswork out of running a business, making your business more efficient and competitive. Please call us at (571) 203-1459 or email us at sales@smallbusinesscertifications.com for a free consultation and to learn how we can help you.

Wendy Strackbein has been working in the 8(a) certification field for over four years, specializing in complicated 8(a) applications. She has helped hundreds of non minority Women Owned Businesses and Service Disabled Veteran owned businesses successfully navigate the 8(a) application labyrinth. More information about her company can be found at http://www.smallbusinesscertifications.com

Wendy Strackbein
President
Small Business Certifications, LLC
Phone - 571-203-1459
Fax - 703-656-4911

Dog Breeds - Pure Breed vs Mutt

Sometimes when a family is thinking about getting a family dog, they begin to discuss the qualities of dogs that are a pure breed. For example, an active family might discuss dogs like a Labrador or a German shepherd or even a Jack Russell. While families with a more sedate lifestyle might discuss owning a poodle or a cocker spaniel. The fact is that most mixed breeds - or "mutts," as they are often called - make just as good or better pets than pure-breed dogs.

Nobody knows why, but it seems that the better qualities of a breed are more often passed on to mixed-breed offspring than to purebred offspring, and breed problems are more often passed on to the purebred offspring than to mixed-breed offspring. For example, hip dyslexia is a common problem among purebred German shepherds, but rarely seen in a mixed breed with German shepherd ancestors. And yet, the German shepherd traits of owner loyalty and protectiveness are passed on to the mixed breed.

Think about the possibilities. Theoretically, a mixed breed could have the house pet qualities of a poodle, the protective instincts of a Doberman, and the maternal instincts of a Saint Bernard, all rolled into one four-legged friend. Granted, the mixed breed isn't going to be as "pretty" as a pure breed and you will often be asked, "what breed IS that?" But you will probably have a better family pet than you would have had with any pure breed.

I'm often asked if pure breeds are smarter and more easily trained than mutts, and the answer is an unqualified, "No." Actually, mixed breeds are often easier to train and smarter than pure breeds because often there is a lot of in-breeding in pure-breed lines in order to achieve a particular "look." Go adopt the family dog from your local animal shelter!

Milos Pesic is a certified dog trainer and owner of popular and comprehensive Dog Training [http://dog-training.need-to-know.net/] information website. For more articles and resources on dog training, dog training certification and programs, free online dog training classes, dog potty training and much more visit his site at:

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