According to a 2023 report by the Tennessee Department of Economic and Community Development, the Memphis TN-MS-AR Metro Area is home to 68,314 minority-owned businesses, making it the top metropolitan statistical area for minority-owned businesses in Tennessee. The Memphis economy has seen significant growth in Hispanic-owned businesses, with a 38.5% increase in the number of employers between 2019 and 2021. However, the same report indicates that while the number of minority-owned businesses in Memphis increased by 24.5% from 2019 to 2021, there was a 22.5% decrease in the number of employees in these businesses during the same period.
At CentsIQ, we specialize in small business bookkeeping Memphis, offering tailored solutions for local entrepreneurs. Our expert Memphis bookkeeping services and experienced book keepers are designed to help you maintain precise financial records, allowing you to focus on expanding your business in the vibrant Memphis market.
Our professional bookkeeping and financial reporting services include:
We leverage advanced bookkeeping software setup to streamline your financial processes, ensuring efficiency and accuracy. Our team of Memphis accounting professionals and skilled book keepers stays current with the latest financial regulations affecting Shelby County and surrounding areas, providing you with peace of mind.
In today’s competitive Memphis business environment, data-driven decision-making is crucial. CentsIQ offers advanced analytics services tailored for small businesses in the Memphis metro area.
Our Analytics Package Includes:
By harnessing the power of your financial data, we help you identify growth opportunities, optimize operations, and make informed strategic decisions in Memphis’s unique economic landscape.
For growing businesses in Memphis and surrounding counties that need high-level financial expertise without the cost of a full-time CFO, CentsIQ offers fractional CFO services.
Our Fractional CFOs Provide:
With our fractional CFO services, you gain access to seasoned financial professionals who understand the unique business landscape of the Mid-South, including Memphis’s specific economic challenges and opportunities.
For Memphis businesses considering mergers, acquisitions, or seeking investment, CentsIQ offers comprehensive Quality of Earnings (QoE) services.
Our QoE Analysis Covers:
Our QoE reports provide an in-depth, unbiased look at your company’s financial performance, helping you present a clear picture to potential investors or buyers in the Memphis market.
At CentsIQ, we’re more than just a service provider – we’re your financial partner. We’re committed to helping Memphis businesses thrive in the dynamic Mid-South economy. From startups in the Memphis Medical District to established firms in Collierville, we provide the financial insights and support you need to succeed.