Accounting is one of those subjects business owners tend to ignore. Because, let’s face it, there’s a lot to do as an entrepreneur, and digging into finances can be confusing and scary. But the words of Marcus Lemonis always ring true; if you don’t know your numbers, you don’t know your business. Of course, […]
One of the greatest dangers a business can face is a run-in with the IRS over payroll taxes. IRS auditors won’t hesitate to swoop in and take care of the problem whenever they suspect payroll taxes aren’t paid. The reason is simple. The IRS considers it their money, and they would rather shutter the doors […]
When operating a small business, business owners and managers are looking for affordable resources to help them streamline their business. Operations like accounting, communication, marketing, point of sale, email, and many others can be used through cost-effective apps. We have narrowed down some of our favorite apps for small businesses and listed the pros and […]
Those with an entrepreneurial spirit are itching to start a business. Finding a business that suits their talents is great, but they also want their businesses to make money and grow. It can be tricky to find the right type of business that fits passion and profit, but we have outlined some small businesses in […]
Financial literacy is the ability to understand and effectively use a variety of financial skills. Examples are money management, budgeting, investing, etc. According to Investopedia, people who are financially literate are less vulnerable to financial fraud and are more likely to achieve certain life goals such as saving for big life events, using debt responsibly, […]
Business owners have a lot of accounting to juggle. You are responsible for bills of the business, payroll, accounts receivable, accounts payable, receipts, miscellaneous items, and much more. It’s vital for businesses to keep good records, and QuickBooks is a software that is used often by business owners. While QuickBooks is commonly used, there are […]
It’s the end of the year, and you are reviewing your year’s bottom line while simultaneously focusing on next year’s goals and projections. After a lengthy discussion with your team, it’s been determined that prices for your goods and/or services will increase. It’s never an easy conversation to have, but there are ways to ease […]
When it comes to running a business, especially a small business, every penny counts. It is important to regularly evaluate the expenses of your business. Your business has essentials that it needs to function, but trimming the fat and streamlining expenses can greatly help your bottom line. Overtime If you have hourly employees, it is […]
Though it may be on a keyboard or an iPad instead of a typewriter, effective writing is key for anyone in business. As a business professional, it is important to be able to clearly communicate with your potential customers or clients. All written communication should convey your thoughts, opinions, and data in a way that […]
Hiring is no easy task. When you a global pandemic and economic hardship on top of that, it doesn’t get any easier. If your company has availability and is looking to hire in the near future, you can certainly expect to receive dozens of resumes flood in for one opening. It can be tough to […]