Announcement!

We have great news! Business Support Services Northwest, LLC / ProFound Impact has joined the Anacortes Chamber of Commerce. If you haven't heard of this Skagit Valley 'jewel-of-a-town', Anacortes, WA is a historical seaport located west of Mount Vernon's tulip fields, on the shores of the Pacific ocean. With a thriving downtown comprised of many locally owned businesses and its proximity and ferry...
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Cyber-security Tips for Small Business

FDIC listed a comprehensive list small business owners can use to protect their data and their money from hackers.  Their cyber-security tips in short are: 1. Keep up-to-date anti-virus software on all computer devices with automatic updates. 2. Regularly install ‘patches’ or updates to all software. 3. Keep employee access to data ‘job specific’. 4. Train employees about cybersecurity issues (30 minute SBA online course) 5. ‘Strong authentication’ beyond just a...
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Cash Flow Statement – Why It Matters

Along with an income statement and a balance sheet, the cash flow statement provides a (potential) investor with valuable insight about the health of a business. It covers three key areas where cash moves in and out of a business. 1) Operations 2) Investments and 3) Financing. When reviewed with an income statement (a.k.a. Profit and Loss or P&L Report) and a balance sheet (Assets & Liabilities),...
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