Solid financial strategies are key to the success that is possible in your business efforts. Are you setting your company up for future growth and expansion by implementing an effective accounting system? Most small businesses are coming up short when it comes to financial reporting. If it is time to improve your current system or […]
When you are running a business, it seems like the bills are always piling up and making it hard to maximize profitability. If you want to have extra cash on hand after the expenses are paid, then you need to be looking at options to reduce your spending and increase your income at the same […]
Most small businesses start with a simple idea and hours of work in the basement or garage. It doesn’t take much to identify a potential opportunity in an industry of your interest. Some of the best inventions were born out of necessity with individuals looking for solutions to solve their problems. If you are in […]
If you are a small business owner, then it is important to have a system in place to keep track of your write-offs and other expenses that can be used as tax deductions. Most people are pretty good at keeping track of inventory costs, employee payroll, and office supplies. But, do you track your miles? […]
Are you carrying more responsibility than you need to within your small business? As a business owner, it can be hard to let go of the control of certain tasks that need to be done. Too often, business owners spend their time on busy work, resulting in a situation where there isn’t enough time left […]
Encountering cash flow issues might be one of the most stressful things that you face as a business owner. It can be hard to keep the company running if you don’t have enough money in the bank to pay overhead costs, payroll, and other ongoing expenses. Instead of waiting until money gets tight, it is […]
Are you consistent with maintaining accurate financial records for your business? Many business owners are so caught up in the challenges of keeping the company running that they overlook the essential steps of financial management and tracking. It is easy to get distracted by employee management, cash flow concerns, and product development. If your attention […]
Even if you have the best intentions for your business, it is likely that bad habits (both big and small) are sabotaging your efforts. Have you identified habits that might be impacting your bookkeeping practices, business finances, cash flow, and more? Small Habits are Worse Than You Think Some of these habits might be obviously […]
If you have procrastinated your tax preparation and filing this year, then these last-minute tax tips might be just what you need as you are facing the looming deadline. Business owners often agree that tax season is the most stressful time of the year. Not only do you need to worry about paperwork, number crunching, […]
It is both exhilarating and scary to start a new business. You have an idea for products or services that will be popular in the market, and you’ve come up with the cash to get the company off the ground. While you are building the business and launching it into the world, it is important […]
