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Create a Roadmap for Success with Your Budget Preparing an annual budget can seem like a time-consuming effort. You might even wonder if it is a worthwhile exercise for a small business. After all, the hours you spend crunching numbers on a spreadsheet could be better spent earning money. There are some excellent reasons why…
Should you outsource accounting roles? When you run a business in which your focus is on providing products or services to your customers, your bookkeeping and accounting efforts likely aren’t your core value proposition. Nevertheless, a well-run accounting operation is a vital part of a successful business. You need a strong accounting system in place…
Strengthen Your Balance Sheet with a Healthy Cash Reserve The COVID-19 pandemic demonstrated, yet again, that nothing is certain in business. A perfectly healthy business can be hit by the unexpected at any time. However, companies with a cash reserve to fall back on are the most likely to survive downturns in fortune. The question…
Position Your Company for Steady Growth If your small business is suddenly doing better, you might think it is time to hire some new staff so that your business can grow. You shouldn’t be so quick to expand, though. While growth may be your ultimate goal, growing too fast can ruin your company just as…
Make Plans to Improve Your Company in 2021 If there’s one thing we have learned about 2020, New Year’s resolutions are not all about working out and losing weight. Business owners can also benefit from a new look in the New Year, and now is the perfect time to make your endeavor better than before….
Alternative Lending Increasingly Popular; but is it Right for Your Business? The world of business has changed dramatically in recent years. Innovations like AI, smart phones and social media, have altered the landscape for businesses large and small and opened up new possibilities for funding their operations. At the same time, these innovations and changes…
Save Time and Money and Improve Your Accounts Receivable Modern accounting software apps are easy to use. Indeed, many software vendors sell their small business accounting apps on the premise that business owners can maintain their books themselves. But the question you should be asking, is doing the bookkeeping yourself the best use of your…
Improve Your Odds of Success with these Ideas In today’s economic climate, the odds are stacked against business owners. Competition is fierce, customer needs are ever evolving, and a dedicated work force can be challenging to manage. Using the following tips will help your business survive and thrive even in the toughest of times. 1….
Stay on Top of Invoices for Steady Cash Flow Late-paying customers are often one of the most significant challenges that small business owners face. Even though you might think that people will pay you on time for an excellent service, there are a lot of people who will stretch their credit as far as they…
5 Strategies to Lessen Your Financial Problems Cash flow issues are a problem for many business owners. Even companies with steady clientele can run into this issue. Fortunately, there are ways to maintain control and keep operations running as usual. Here are five ways you can do just that: 1. Make it Easy for Clients…