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Hidden Figures: The Secret to Improving Your Cash Flow

10 Ways a Business Accountant Can Increase Your Profitability Business owners are often too busy with the day-to-day running of their business to sit down and analyze their accounts. But, those figures in your accounts could hold the key to higher profits. Your accountant will have a wealth of knowledge learned from other businesses in…

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9 Ways Entrepreneurs Can Cut Costs Without Reducing Customer Satisfaction

Reduce Expenses Not Quality with these Tips The first and longest battle a business owner will have to fight is the one over their capital. You will need to care for it at every step. Keeping costs down without cutting corners is a difficult task, but it is far from impossible. Here are nine ways…

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Fake Invoice Scams: Is Your Business at Risk?

Take these Steps to Protect Your Business from Invoice Fraud Invoice fraud is making big headlines in the wake of Google and Facebook getting tricked out of a combined $123 million. It’s a scam that costs small businesses billions each year. Fake invoice scams are a simple but effective way for criminals to obtain money…

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How to Ease Your Company’s Cash Flow Concerns

Ensure Your Company Has Cash Flow for Growth Cash flow problems are a major obstacle to business growth. Neglecting to solve the issue will make running your company increasingly difficult. If you are unable to contain the situation, your business may eventually have to close. Fortunately, there are some steps you can take to ease your…

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Debt vs. Equity Financing: Which Financing Method is Right for Your Business?

A Comparison of Business Financing Methods From inventory and equipment to insurance and marketing, you purchase a variety of goods and services to run your business. That means you’ll need plenty of cash flow or have to secure funding to pay for it. While there are dozens of ways to finance your business, most are…

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Setting Growth Targets Based on Performance Measurements

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…

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8 Monthly Financial Reports That Every Business Owner Should Review

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…

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6 Compelling Reasons You Should Buy an Established Business

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…