Does Your Small Business Need a CRM?
Have you ever stayed at a hotel and then returned, finding that they have stocked your room with everything you asked for the last time you were here? Your special allergenic pillow was already waiting for you, you were asked if you would like a dinner reservation...
How to Avoid Seasonal Bumps in Your Cash Flow
Many businesses operate with seasonal peaks and valleys. Retail stores just completed their busy holiday season. Construction contractors are busy when the weather is good. Accountants are very busy from January through April, but also experience a quarterly peak in...
Is Your Business Using the Right Accounting System?
Have you ever tried on a shirt or jeans and found they didn't fit at all? They looked great on the hangar, but that was the end of it. Accounting systems come in all sizes, shapes, and colors just like clothing; and just like clothing, some accounting systems fit...
Five Ways to Reconnect with Your Passion for Your Business
As business owners, we are a highly self-motivated bunch of people. We love our businesses, we love helping our customers, and we work very hard at what we do. Sometimes we work so hard, we get disconnected from our passion. Occasionally, it's a good idea to step...
Hidden Costs of Starting a Small Business
It can be costly to start a small business from scratch and most people don't realize all the hidden costs involved. Being aware of some potentially expensive hidden costs can help a business be more successful in the long run. Be sure to work through a budget and...
Analyzing Business Expenses
Tracking business expenses is essential for staying profitable and predicting future trends. Besides managing employees, monitoring inventory, and overseeing operational aspects, being concerned with the cash flow is critical. Entrepreneurs should always be looking...
Stress-Free Bookkeeping
Managing your books is a cumbersome but critical task for any business. It is very time-consuming, frustrating, and could mean working late hours. However, it has to be done to know the worth of your business and to satisfy the government for taxes. You also need to...
Are You In Your Own Way?
While some business owners are content with the size of their business and do not care to grow, the majority of the entrepreneurial world is looking for ways to become a bigger and better industry. Over 35 percent of small-business owners see their challenge as...
Profits and Sales
Many small business owners are focused on growing sales. When there is cash in the bank and customers coming through the door, a lot of business owners don't take the time to see how money is being spent. What jobs or products are the most profitable? It seems the...
Creating a Company Budget
What is a budget? A budget is simply a tool that tracks expenditures and helps plan how money will be used. A well-planned budget takes the guesswork out of both day to day bills and long-term goals. Realize that a budget will not solve any financial problems. It is...