May 8 2017
As we all know, cash flow is the lifeblood of every business. One study found that half of all business owners have cash flow issues. A healthy cash flow strikes a balance between increasing the cash coming into the business while slowing down the money going out of the business. Here are twelve ways to boost your business's cash flow.
September 19 2016
For small business owners, one of the biggest challenges is growth. There are only 24 hours in a day, but with so many hats to wear, it's difficult to find the time you need to grow your business. When you immerse yourself in the day-to-day operations, you're not focusing on what you need to do to take your company to the next level. With outsourcing, you can pass off those tasks that either eat away the time in your day or aren't in your wheelhouse. This frees up important hours to generate revenue for your business, along with helping you compete against the corporate giants.
September 7 2016
If your business operates with inventory, be it a retail brick-and-mortar or a manufacturing company, knowing the key metrics will increase the likelihood of success. Through careful monitoring of your metrics, you will better be able to spot problems that may arise in your business, and you'll be able to make smarter choices in what to offer to your clients -- all helping to contribute to the bottom line.
May 31 2016
If you're like many business owners, you're always looking for ways to save time, minimize costs, or keep your staff happy. Going with an online payroll provider can help you accomplish all these -- and more. Here are just a handful of the benefits of taking your payroll paperless.
March 24 2016
If you've ever used Dropbox or checked your bank balance online, you're familiar with cloud computing. It has revolutionized the way small businesses do business. No matter if you're a tech start-up or a team of one working from your kitchen table, you can benefit from having your business on the cloud. Not only can it increase efficiency, it can be kind to your bottom line. Here are six reasons you'll want to consider getting onto the cloud.
May 8 2015
When running and managing a small business, the question constantly running through your head may be: "Why do I always feel like money is going out the minute it comes in?!" Poor budgeting and a lack of stringent controls on your budget may be the cause of your financial headaches.
One of the main causes for unnecessary spending may be a lack of proper bookkeeping. Whatever your system may be, be it neatly organized excel files on your desktop OR a stack of papers carelessly thrown across your desk and crumpled into a filing cabinet, you need to constantly update your balance sheet and have a dynamic budget that's being up kept regularly.