“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 this. 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 to run your business [...]
Cash flow is one of the factors in a business that gets overlooked the most, but it also happens to be one of the most important factors in a business. Cash flow maintenance is more than knowing how much money is being earned and spent, and it does not matter how close your business is [...]
One of the most exciting adventures in life is starting a new business. It opens a world of opportunity to extend helpful services and make life easier for those around us. However, in the beginning stages of building a business there are several unavoidable expenses but by following these 8 tips on increasing profits you [...]
When was the last time you hired a person expecting them to be your office manager, accountant, CPA, receptionist, tax planner, human resource department, payroll department, accounts receivable and accounts payable and an expert IT Specialist? Ummmm hmmmm.. Exactly! This is not an overstatement. Small business owners put an immense amount of pressure on the [...]
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come back to bite you. When the worker is your employee, your liability includes both [...]
If you've ever wondered why your small business pays so much in taxes, maybe it's because you need to hire a tax professional to help you avoid common mistakes. There are a number of mistakes businesses routinely make that cost them big money when paying taxes, such as not choosing the right entity type for [...]
Business owners are experts at their industry. You know your products and services well – better than the competition. You know how to reach those customers, too. But, managing what’s behind the scene isn’t always as easy. With the right tools and resources, including a professional by your side, you can enhance the way you [...]
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 [...]
Any business is properly defined as the holistic sum of its parts: products, services, employees, partners, owners, location, systems, vendors, etc. The variables may vary in complexity, yet there's a universal structure within every business. Ultimately, generating profits from sales is the main goal, which is accomplished with effective business strategies. Let's look at [...]
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 [...]
