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Posts related to general topics
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Are Poor Billing Habits Starving Your Business? – Five Tips To Improve Your Company’s Cash Flow
All small business owners know that in order to earn money, they have to do something for a client. But some seem to overlook that in order to get the money that they earned, they have to bill the client for it. Sounds simple, doesn’t it. But I have found over the years that many small
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Can Your Business Function Without You?
If the answer to that question is “no,” then you’re definitely not doing something right. If you want to own a successful, thriving company and not be a slave to it, then the answer should be a resounding “yes!” PEOPLE AND PROCESSES Some people go into business for themselves because they know they can
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Five Sources of Funding For Your Small Business
If you’ve used up all of your cash and need help to keep your business going, need additional cash to expand your business or need cash to start a new business, there are a number of ways to obtain financing for your small business dream. Below are three common and two relatively new sources for small business
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Does Your Small Business Have The “Right” Customers?
Having paying customers is great; they’re good for your bottom line. But customers that require extra time and effort to manage can be a drain on your company’s resources (employee time, money, materials). This will most certainly have a negative effect on your bottom line. It’s important to identify a good customer up front and
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Nonprofits and Online Fundraising: The Need for State Registration
If your business is a nonprofit organization, you should be familiar with the rules in your state for nonprofit fundraising registration. If you’re not, and your principle place of business is one of the 40 locales that require registration, you need to find out about them, and fast. States That Require Fundraising Registration The
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Employee or Independent Contractor: Know the Difference and How to Avoid Misclassification
You’re in business for yourself and you need people to work for you. But you might not need them full time. Or, you’re thinking that you just don’t want to go to the trouble of having employees and the expense of paying payroll taxes. So you wonder if you can hire a bookkeeper or a
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Forming Your Business Entity: Which Business Type is Right For Your Business Model? – Part I
The answer to the question, of course, depends on a number of factors. There are four business entity types: Sole Proprietorship Partnership Limited Liability Company Corporation I would like to discuss the ease of formation and the liability of owners of each type in this post and in my next post, I’ll discuss the
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Why Every Small Business Needs An Accountant (Not Just A Bookkeeper)
I have found over the years that many small business owners start out attempting to do their financial record keeping themselves. The smart business owners quickly realize that there is an awful lot of work that goes into maintaining a company’s books and that their time is better spent concentrating on producing and selling