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The 5-Year Milestone: Why It Matters and What Comes Next for Small Business Owners

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Reaching five years in business is no small feat. According to data from the U.S. Bureau of Labor Statistics, nearly half of all small businesses don’t survive past the five-year mark. For those who do, it’s a moment of validation—a testament to grit, adaptability, and growth. At Schwind Accounting Services, Inc., we’ve walked alongside many small business owners during these critical early years, helping them navigate uncertainty and lay the groundwork for long-term success. So what does hitting the five-year milestone really mean for your business? 1. You’ve Survived the Toughest Years The early stages of any small business are filled with obstacles: fluctuating cash flow, finding the right customers, building a brand, managing operations, and—most importantly—learning as you go. These are years of trial, error, and evolution. Businesses that make it to year five have typically weathered: The fact that you’re still standing proves you’ve built something resilient. 2. Systems and Experience Are Now in Place By year five, most businesses have: This accumulated experience is invaluable. Mistakes have been made—and learned from. Processes have been tested and improved. Your team has likely become more efficient, and you’re better equipped to make strategic decisions with confidence. 3. Your Financial Foundation Matters More Than Ever Now that you’ve moved beyond survival mode, it’s time to optimize and expand. A strong financial infrastructure is essential for: At Schwind Accounting Services, we help small business owners at this stage focus on fine-tuning their financial strategy, leveraging reporting tools, and preparing for what’s […]

Laying the Foundation: What Every Small Business Needs to Start Strong

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Starting a small business is an exciting and rewarding endeavor—but it also requires careful planning, clear vision, and a solid financial foundation. At Schwind Accounting Services, Inc., we’ve worked with dozens of entrepreneurs across Lakewood and the South Sound area, helping them turn great ideas into thriving businesses. Whether you’re launching a boutique, consulting firm, food truck, or service-based company, here are the key elements we believe every startup needs to succeed. 1. A Clear Business Plan Your business plan is your roadmap. It defines what you offer, who your customers are, how you’ll operate, and where you want to go. A strong plan includes: Not only does a well-written plan guide your decision-making, but it also proves essential if you intend to secure loans or investor funding. 2. Legal Structure and Registration One of the first decisions you’ll make is choosing a legal structure—such as a sole proprietorship, LLC, S-Corp, or partnership. Each has tax, liability, and administrative implications. At Schwind Accounting Services, we help you understand the pros and cons of each structure and ensure that your business is registered correctly with the state, IRS, and any applicable local agencies. 3. A Solid Accounting System A startup’s financial health depends on proper bookkeeping from day one. This includes: We offer customized bookkeeping and accounting services to ensure you’re always audit-ready, tax-compliant, and informed about your financial position. 4. Licenses, Permits, and Compliance Depending on your industry, you may need state or local licenses, sales tax permits, or industry-specific […]

New Website for 2025

Schwind Accounting Services Launches New Website to Better Serve Lakewood’s Small Business Community Lakewood, WA – Schwind Accounting Services, Inc. is proud to announce the launch of its newly redesigned website, now live at www.schwindaccounting.com The new digital presence offers clients an easier, faster, and more informative way to access the firm’s full range of accounting, bookkeeping, and payroll services. Founded and led by Judy Schwind, Schwind Accounting Services has been a trusted name in financial guidance for individuals and small businesses throughout the Lakewood area for years. The firm’s new website reflects that same level of trust, professionalism, and personal service—with modern improvements designed to enhance the client experience. What’s New? The updated website features: “Our goal has always been to make financial services accessible, understandable, and tailored to each client’s needs,” says Judy Schwind, founder and lead accountant. “The new website extends that mission online, giving both new and existing clients a simple way to learn more about how we can support their financial goals.” Designed with the Client in Mind Whether you’re a small business owner looking for a reliable bookkeeper, a nonprofit organization in need of specialized financial statements, or an individual preparing for tax season, Schwind Accounting Services offers a full spectrum of solutions with personalized attention and expert care. The website also includes a contact page with directions to the Lakewood office, secure communication options, and a helpful list of services to assist visitors in identifying the support that best fits their situation. Visit […]