According to the Small Business Administration, 70% of businesses are owned and operated by sole proprietors. While that is a huge percentage, it still leaves a 3 in 10 chance that your business will have more than one owner. It’s almost impossible to say how many of these non-sole owner businesses started out with one […]
5 Considerations For Bringing in a New Partner for Your Small Business Read More »
I was sitting in a local chamber of commerce meeting this past February where the discussion topic was how to attract more young employees into the workforce. The businesses in this local community were having a particularly hard time finding people to fill all of the hourly wage jobs available. At the end of every
Flowers and Profits – How One Small Business Owner Manages Through His Bank Account Read More »
My first contact with a potential client is usually a quick introduction call. On this call, I love to learn more about the owner and their business. I pepper them with questions to learn how I might be able to help them most. Small businesses are fascinating to me and I love hearing owner’s stories.
6 Signs You Need An Accountant Read More »
As a small business owner, I know that you have nights that you lay in bed thinking about how to increase the cash flow from your business or what your current bank account balance is. One of the most common questions I get is “How can I increase the profit from my business?”. The great
12 Rapid Fire Ways to Increase Profit in a Small Business Read More »
I always dread admitting that I should have paid more attention in economics class in college. Of course, it didn’t help that it was a 7:30 AM class (on Friday’s no less). It is amazing how much in the world equates down to the simple concept of supply and demand. Business owners of all sorts
Accounting Insight and Business Transition Planning Read More »
Keeping your books in good order isn’t something a small business owner should do solely as a tax-savings strategy. It is true that small business owners miss billions of dollars of deductions each year due to messy books which often don’t include a complete detail of all expenses (yes, those $5 receipts you’re missing add
One Great Idea: Bookkeeping Read More »
If you are a service based small business, you more than likely can measure the utilization rate of your employees. At a basic level, utilization rate measures what percentage of your employees time is spent on work that is billable to a project or client. Your accounting of finance department should be able to track
Accounting + Utilization Rate For Your Small Business Read More »
