Starting a small business in the 21st century is common as the appeal for a more individual lifestyle rises. There are several mistakes new business owners can make, here are a few of them and how to avoid them. 1. Having Poor Cash Flow. Uneven, unstable, or nonexistent cash flow is the #1 killer of a [...]
Every business owner’s favorite question is: “How can I make more money now?” There are many ways you can use your wealth of knowledge as a tool to bring in more revenue for your business without using a ton of time and money in the process. Here are 5 quick ways to up your [...]
Tax checkups are necessary. Just like a beloved vehicle, you need to periodically inspect your tax system to make sure it is operating properly. Knowing that there has been a significant tax reform this year, it is especially important that you are conducting tax checkups. Why is it important? One aspect of your taxes [...]
Outsourced Accounting Many small businesses choose to operate their accounting services on their own rather than hiring an outsourced accountant. What they don’t know is outsourcing these services might be the very thing that pushes their business to the next level. Having an in-house accounting department is not something many businesses can afford to [...]
Do you usually end the month wishing you had more money to put into bonuses, marketing, or even client freebies? It seems like there just isn’t enough money to do all of the things you want to do; but the thing is, there’s plenty! Creating a budget allows you to guide your money properly [...]
Small business owners and employees working on-the-go: here's what you need to have setup for a smooth virtual work/vacation time. One of the biggest benefits of technology is that it allows those of us who want to work virtually the ability to work from anywhere - that’s definitely our favorite part! We get to [...]
When you first start out in business, it’s standard to service clients from a wide variety of industries. If you are building your client base it’s a smart way to start, and the only way to discover which industry you prefer or have the most success in. After a while, though, it’s important to look [...]
For most people, the moment when they made the decision to leave their job and start a business of their own always stands out in their minds. They can point to a specific day, a specific conversation or a certain book they were reading when they decided that they were actually going to do it. They can [...]
As you’ve probably heard by now, both the House and the Senate have passed their versions of a tax reform bill set to take effect for 2018. This does indicate that it is very likely that there will be some sort of tax reform coming. And the question everyone has is – how does this [...]
Small businesses need the right financial advice to continue growing, yet are often at a disadvantage because many cannot afford a full-time Chief Financial Officer (CFO). If your business is one of them, perhaps a virtual CFO or vCFO could be useful instead. What can we, as a virtual CFO, do for your small business? Here is everything you [...]
