Cash flow improvement is a hot issue for small businesses; in many businesses, it seems like there is never enough cash when you need it. The last thing a business owner wants is to reduce their cash balance unnecessarily. To help you preserve or increase your cash, here are five cash management leaks to avoid. 1. Bloated Bank Fees Some banks are more business-friendly than others. We recommend you assess the fees you are currently…
Read MoreRunning a business usually means putting in over 40 hours a week. In fact, if you’re the typical entrepreneur, you have more ideas you want to implement than you have time for! That’s when proactive, strategically executed prioritization can make all the difference. So Hard to Choose If you have lots of ideas in your head or on your “to do” list that are not getting done, you’re certainly not alone. Here’s a…
Read MoreJust about every day, we read in the news that another company has been hacked. You might have already been directly affected by the password thefts at LinkedIn last year or Evernote this year. Or you might have had your own social media account, email, website, network, or computer hacked. Worse, many of you have been hacked but don’t even know it. So how can you minimize the damage and risk of hackers? Here are…
Read MoreSpring is here and that’s the perfect time to try something new in your business to make things fresh. Here are seven ideas to try in your business; pick the one that’s most likely to put the spring in your sales. 1. BOGO “Buy one, get one” or BOGO deals are always hot and never grow old. Even if it’s not common in your industry, see if you can adapt and create a deal like this. …
Read MoreOne of the most exciting changes in the accounting industry is cloud accounting. The concept is easy to grasp: cloud accounting simply puts your accounting system in a private space online so that it is fully accessible to you via a browser or a secure remote connection. Two Ways to Be in the Clouds There are primarily two ways to have your accounting system in the cloud. First, it can be “hosted.” This means that…
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