If your company relies on suppliers in various geographic locations, it’s likely that your business will face a supply chain disruption. Whether that disturbance is caused by a virus, like Covid-19, regulatory lock-down, international tensions, changes in local laws or a natural disaster, there will probably be scenarios in which your suppliers or transporters face […]
The future of your family business may seem like a problem for tomorrow or sometime next decade, but forward-thinking business owners know they need to plan for the future today. The steps you take now to prepare your company for the next generation will go a long way to determining how successful it remains after […]
There are some things in life that go together well and others that definitely do not. Business and personal finances are in the category of items that should not be mixed! Although it may seem like a headache to keep them separate—who wants to manage all those bank accounts?—your life will be greatly simplified once […]
Owning your own business: PRO – You love the flexibility and feeling in control! CON – Bookkeeping is bringing you down… You understand that effective financial management is key to business success. But lack of knowledge, frustration, and even avoidance can add up to accounting mistakes that derail future growth. Protect your business, and reduce […]
Small business owners know how important it is to save money. They know that one day that dollar could come in handy, especially during slower times. Saving money is definitely important, but there are also things small business owners can – and should – spend their money on today. It might seem counterproductive to spend […]
No matter how much money you currently have in the bank, it’s a good idea to consult with a financial planner sooner than later. There’s no better way to start mapping out strategies for investing – and saving – so you can meet your short and long term financial goals. Financial planners are there to […]
Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges, and set attainable future goals. But despite their proven importance, many business owners dread and avoid accounting tasks. In fact, 40% of […]
Remember when email was new and novel, and everyone thought it would vastly improve communication while freeing up time? It did improve communication on some levels and freed up employee time at first. Now, however, email has become a productivity killer. Workers have to wade through hundreds of emails in their inbox each day, and […]
By now many people have heard about standing desks and maybe even read reports on their potential to change lives. Many articles focus on the negatives of sitting: sitting at a desk is as bad as smoking, people who sit at their desks have shorter life spans, or sitting all day promotes terrible posture. The […]
Everyone likes making money, especially small business owners. Invoicing, however, is typically one of the tasks that small business owners like the least. Chores like creating and sending invoices get set aside for other duties that are seen as more enjoyable or even more urgent. You tell yourself you’ll get around to it tomorrow, but […]