Take ideas and strategies that you think might only apply to bigger companies, and relate them to small businesses.
As a successful small business owner, you understand that business ownership can be frustrating at times. There is too little time in the day and too many responsibilities that need to be handled for business owners. Often the responsibility of keeping bookkeeping and accounting is what pushes to the bottom of the list. Worse, taking
Why Bookkeeping Fails – Enhanced Bookkeeping is the Future Read More »
For many small business owners, accounting can be intimidating. Many owners are strong with numbers and record keeping, but few are financial professionals. Concepts like enhanced bookkeeping or cash flow management can seem difficult and unapproachable. Financial forecasting, in particular, can conjure up feelings of dread for business owners. But, as the saying goes, ignoring
Why Bookkeeping Fails – Forecasting: The Future Is More Important Than the Past Read More »
As a small business owner you are very aware of just how little time there seems to be each workday. Running a business isn’t easy, and requires a real investment of time and energy. Business owners can find themselves putting out fires or dedicating time to more pressing problems. Accounting, finance, and bookkeeping are activities
Why Bookkeeping Fails: Traditional vs. Enhanced Solutions Read More »
When asked, almost any successful business owner would agree that bookkeeping is a vital part of keeping their business running. As a small business owner yourself, you probably value keeping a detailed and accurate account of your business’ financial data, and you may even dabble in bookkeeping yourself if the need arises. Nearly half of
Traditional Bookkeeping Doesn’t Work Today Read More »
Throwing out half of a palette of expired lettuce is often part of the job when managing a small to medium-sized manufacturer, and it may not seem like a big deal. The costs of spoilage can add up, though. In fact, inventory spoilage accounts for over $35 billion in costs to small businesses every year.
Inventory Spoilage for Food Manufacturers Read More »
While starting a business can be exciting, finding investment is often filled with uncertainty. What you might not know is just how important the right investor partnership could be for your small business. According to a study from the Harvard Business Review, investor money “has become an essential driver of economic value”. What specifically does
How to Find Investors for Small Business Read More »
Selling on Amazon hold great potential for manufacturers. However, the unit level economics must be considered.
The Amazon Pricing Equation Read More »
The Employee Retention Credit is a huge opportunity for small business owners. The problem is no one knows about it.
A Primer on the Employee Retention Credit Read More »
Congress released text for the second stimulus bill today. Hopefully, the bill will be voted on (and passed) in the next day or two. The bill is full of several items that impact small businesses. I won’t cover all of them in detail here. I will cover those that you should be aware of and
Payment Protection Plan Round 2 Read More »
Shelley Bosio opened up her small donut shop in Littleton, Colorado, in May for the first time since closing in late March. Donuts are not typically a high volume delivery item that can be sold through UberEats, so delivery was not going to work for her business. During the first two weeks of the shutdown
How to Sell Your Franchise During a Crisis Read More »
