If you want more clear and concise control of your business financials, you need to make your budget dynamic.
No one hands you a guarantee of success when you start your small business, but getting lots of sales is a step in the right direction.
There’s no question that starting – and running – a business can be overwhelming. Even the smallest businesses can benefit from outsourcing or hiring help.
If you think what stage of the life cycle you’re in doesn’t matter, then you’re likely to make a costly mistake: scale too soon when you don’t have the revenue to support the growth – or scale too late and miss out on early potential gains.
The best accounting system out there still isn’t explaining how to interpret a financial statement or why a particular trend is showing up on a balance sheet.
To get the most out of QuickBooks reports, you’ll need to make sure they’re accurate. And that accuracy depends on how well you define the items you create.
As a small business owner, you likely spend a lot of time figuring out how to boost your revenue. But you’re no doubt also focused on controlling expenses.
Venture capital investments are on the rise, but first-timers don’t have a proven track record. So how do entrepreneurs get financing for their first venture?
Cash is a vital resource that can make or break your business. A US Bank Study found that 82% of small businesses fail because of poor cash management.
Many new entrepreneurs start their businesses off without hiring a bookkeeper or bookkeeping services. For the most part, controlling costs at the beginning of a venture is a good idea.
In an ideal environment, your SaaS start-up would address a common problem that no one else is addressing. You want your software to provide something your customers can’t get anywhere else.
There is no single, perfect guide on building a successful business. Much of the job of starting and running a company is trial and error.
Managing payroll is probably on most business owners’ list of tasks they least enjoy. Keeping track of even a few employees can quickly become complicated.
In today’s digital economy, technological advances allow many of us to do our jobs from anywhere in the world–as long as we have a laptop and an internet connection. And that lifestyle is appealing to everyone from digital nomads who want a different view for every day of the week to stay at home parents who are looking for the flexibility to make an income in between wrangling kids.
If you want to work shorter hours, then starting a small business probably isn’t your best choice. Small business owners often work nearly twice as long as employees at larger companies.
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