It’s no secret that the economy is bad. It’s so bad,
however, that many fun events, such as festivals and fairs, are being forced to
take a rain check this year. Unfortunately for Michigan residents, this
includes the much-loved Cowpie Music Festival, which originated in 2002 and is
held each summer. The festival, which included 43 musical performance groups
last year, draws in visitors from the surrounding states. The festival
organizer, John Crissman, reported, sadly, that he had lost over $40,000 in the
past two years and would not be able to hold the festival this year as a
result.
The economy alone isn’t to blame for this bad news, however.
Crissman also expressed difficulty with managing his own finances and with
making a profit from the festival. Furthermore, inclement weather back in 2012
also cost the festival organizer some profits, a loss from which he still
hasn’t fully recovered.
While this news is unsettling, there is a lesson in it for
others who organize events or who are otherwise in business: make sure you’re
working with an experienced accounting firm to
stay on top of your finances. right
accounting services provided by the right Naperville accounting firm, you
will hopefully never have to experience the same difficulties as Crissman.
With the 
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