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Identify Performance Indicators to Trigger Growth It’s a new year and many businesses start with setting goals for growth. Many of those targets may seem like they come out of thin air at times, based on wishful thinking or unrealistic expectations. Often, the result is missed targets and lowered expectations for the future. A sound…
Track Trends and Look for Unusual Movements in Your Numbers No matter the size of your company, business owners are busy people. Even so, it’s important for business owners to keep their finger on the pulse of their company. So, don’t ignore that pile of reports that your accountant hands you at the end of…
Maximizing Profits in Your Small Business Whether you are evaluating your investment returns or trying to improve your small business, it’s not how much you make but how much you get to keep. If your small business makes $500,000 a year but you lose more than half to taxes, you could end up just…
The Risks and Rewards of Acquiring an Existing Business No one can deny that both buying an existing business and creating a new one from scratch have several advantages and disadvantages. However, when acquiring an already established enterprise, the rewards can outweigh the risks considerably; the failure rate is much lower, and you can save…
Position Your Company to Grow While there are plenty of things that determine a company’s success, some factors are more important than others. If you want to succeed as a business owner, you’ll want to make sure that your company has all it needs to thrive. Here are a few of the most important factors in…
Alternative Lending has been Growing in Popularity, 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…
Organize Your Way to Business Success When running a successful business, you must keep track of your finances. After all, you will need to use your accounting data when filing your taxes at the end of the year and making plans for the future. If you sometimes have trouble keeping your company’s financial records well-organized,…
Accurate and timely accounting is an important feature at your business. If things go wrong on the accounting front, it can create detrimental consequences for your business. The importance of accounting makes it valuable to have a great system put into practice. With the risk of errors and oversight present, there are several things to…
No matter how big your business is, you can always learn more. By looking at the habits and principles of other entrepreneurs, you can pick up tips to improve your prospects. Every company is different, and some aspects don’t translate from one to another. However, there are plenty of other areas that you can learn…
First appearing in 2009, Shark Tank is an American television show in which entrepreneurs pitch business plans to five different venture capitalists—sharks—in hopes that they will leave with a high-powered partner and a big check in tow. Whether seeking funding from these sharks or less famous venture capitalists, entrepreneurs are wise to embrace some of…