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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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How Do You Calculate a Break-Even Analysis for Your Business?

Make Better Business Decisions and Increase Your Profits You’re running a small to medium size business. You don’t want to lose money, and you definitely don’t want to go out of business. So, how do you find out how much you need to earn to break even? The answer is simple: you do a break-even…

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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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How to Choose the Best Tax Preparer for Your Business

  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…

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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…