Business systems are changing and transitioning more and more into virtual cloud-based services, providing opportunity for streamlined workflow processes. Businesses in modern times are being challenged to meet rising customer expectations, influenced by the amazing reach and flexibility given with cloud and mobile computing – in the hands of nearly everyone in the developed [...]
Where did your Federal income tax dollars go in 2015? The National Priorities Project recently broke down the United States $4.2 trillion dollar Federal budget detailing where your tax dollars were allocated. The majority of your Federal income tax dollars go to health programs, defense and interest on the national debt. In 2015, the average [...]
If you run a start-up or are thinking about becoming an entrepreneur, you undoubtedly have thought about profit and loss statements and balance sheets. Those are important, and they are key to the financial success of any business. However, start-ups have unique financial statement needs. Start-ups need key performance indicators (KPI’s) to MEASURE whether their [...]
Sitting in your pajamas, you can go over your previous day's sales as you down the first cup of coffee. Even as you groan, you know that you could be making more responsive changes to your business model. It would be much easier if you had the right accounting data on your side. You've been [...]
As a small business owner, it can be tempting to try performing every function of your business in-house. Unless you are a seasoned bookkeeper, performing your accounting functions yourself can actually cost you a great deal of time and money over the long run. Here are 5 ways your company is losing money (& [...]
You are your business. Whatever your product or service is, you are the person who drives the company. You have the passion for the product or service and you have the ability to provide excellence to your customers. That being said, don't allow yourself to get bogged down in details that are better handled by [...]
For most people, the moment when they made the decision to leave their job and start a business of their own always stands out in their minds. They can point to a certain day, a certain conversation or a certain book they were reading when they realized that they were actually going to do [...]
"There’s no shortage of remarkable ideas--what’s missing is the will to execute them." Seth Godin had a good point when he said that. However, even if you have the ideas and the will, that does not necessarily tell you how to execute them! Fortunately, we have a list of the 10 tools you need [...]
While on a mission to make money, it seems saving it has become a whole other obstacle. It feels like you're going about your business aspects the right way and yet it you're spending a lot more than you anticipated. Where is all that money going, and more importantly how can you get it back? [...]
Everyone who starts a business needs to create a business plan within their first 90 days. A great business plan takes a simple framework and uses it to help you think through and communicate your desires for your business. The following list gives you a basic outline to follow for a business plan, as [...]