Are you carrying more responsibility than you need to within your small business? As a business owner, it can be hard to let go of the control of certain tasks that need to be done. Too often, business owners spend their time on busywork, resulting in a situation where there isn’t enough time left…Read More
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors. Competitive advantages generate greater value for a firm and its shareholders because of certain strengths or conditions. The more sustainable the competitive advantage, the more difficult…Read More
As businesses expand and become more dynamic, the need for a senior-level financial expert such as a part-time CFO becomes critical. Companies are faced with more complex financial decisions and can benefit from a part-time CFO’s expertise to help them navigate the path to achieving their strategi…Read More
Small business tax preparation can be complicated, especially for small business owners unfamiliar with tax law. A simple mistake or slight exaggeration could warrant an audit from the Internal Revenue Service which could be extremely costly for your small business. The best way to minimize your cha…Read More
Small business bookkeeping can be complex and time-consuming. Your financial statements are essential to growing and maintaining your business. If you as the small business owner are spending hours and hours on your books, you can’t spend time in other areas of your business. Many people start a b…Read More
Having a good idea is one thing, and turning into a successful business is another. As a small business owner, you may have taken a few accounting courses throughout your education and are familiar with balancing the books, but most entrepreneurs don’t have the expertise to run the entire accounti…Read More
Running a small business can be extremely challenging. Often times, entrepreneurs don’t have the accounting or financial background necessary to manage small business finances. As your small business begins to grow, it is essential you understand your small business financials and are able to reco…Read More
Small business accounting can be time-consuming, especially for entrepreneurs without an accounting background. Managing accounts payable and accounts receivable is an important skill to master. You need to be able to track what you owe a supplier, what you’ve sold and what your customer owes you,…Read More
Your business has a focus and chances are your focus is not small business bookkeeping. Bookkeeping is essential for small business success, and the numbers produced in your books are crucial for making good business decisions. Along with receiving accurate and timely data, small business bookkeepin…Read More
When your small business started off, it may have been viable to record all your financials manually in a book kept in the drawer of your desk. As your business grows, having accounting processes and procedures in place is absolutely essential to ensure financial health. It is likely your competitio…Read More
