It Starts with Management The book begins by presenting the problem of business owners feeling like their business is running them (and not the other way around). Cunningham tells us that we can be the Owners of our business rather than just the Operators of our business by following the guidance of the book. The […]
As the end of the year approaches, I hear people talking about spending money in their business in order to save money on taxes. I see what they are talking about: increasing business expenses in order to offset income for the year. Therefore, lowering taxes. Great idea, right? Right? Well, as with most accounting related […]
I recently shared with you some small ways that your business could be leaking money. I hope you looked at those and analyzed your own potential leaks. But what about the BIG things that might be causing you to lose money? What if that something is keeping you from being profitable and reaching your goals […]
Every business experiences the slow creep of rising expenses as time goes on. Sometimes this is because we add employees, increase production, or move to a different location. Additionally, service providers raise rates over time, and we end up paying more for goods or services than we originally signed up for. All of these are […]
I don’t care if you are a part-time freelancer, a side-hustler, a blogger making $100 per month, or a full time business owner – you NEED an accounting system. And no, I don’t count a pen and paper as an accounting system. Well, what is an accounting system then? I am talking about a software […]
Have you ever received a letter from the IRS? If you have, you know the dread that comes as you start opening the envelope. You don’t want to, but you must proceed. If you haven’t yet received a communication from the IRS, you will. At least, you will if you are registered as a tax-paying […]
As small business owners, we have a lot of decisions to make. One important one that gets overlooked consistently is the types of payment that your business accepts and uses. I’ve seen businesses waste hundreds of dollars a month based on the methods of payment they choose to accept (check out the quick case study […]
This post is all about getting the hard-earned money in your pocket! Yay! There are few things that give a business owner more comfort than seeing the bank account reflecting your efforts. I want to share with you some tips and tricks for getting paid efficiently. Some of you folks running retail businesses might be […]