Last week we talked about creating a business and five key steps on how to do just that. This week we are going to talk about building a business. The focus here is about laying the foundation for your business. Making sure that you have four solid legs to stand on, if you will. See,…
Creating a business takes a lot of planning and preparation. You can’t just wake up and say “Today I am going to start a business” and poof there it is. Well you can but 9 times out of 10 it will flop before you can say “What happened?”. Did you know that 80% of businesses…
Getting your financial house in order takes a lot of work. It takes a lot of focus and understanding to get everything organized in a manner that will help you understand how your business performed during the year. It’s not the easiest thing to do but it’s also not the hardest. If you put your…
Smart enterprise owners may use business budgeting software to ensure they are maximizing their available capital, while also having enough money to pay fixed expenses such as monthly bills, payroll and rent. However, there are always ways to create cash within a company, allowing the firm to experience growth faster than originally thought. Here are some cash…
Payroll services are an intrinsic part of any business as they provide clients with fast, efficient service and regular communication. In our experience, we’ve discovered five important ways to optimize payroll services, both to better the service we offer to clients and simplify the payroll process for the members of our team. Flexibility While most…
Building a business is hard work. It’s by far no easy task. It’s a HUGE undertaking. And it takes a certain type of person to become an entrepreneur, own your own business AND succeed at it. So how do you know if your’e cut out for this? How do you know you can handle the…
One of THE MOST pressing issues business owners face is managing cash flow. The more cash that comes in the door, the more costs that have to be paid. And as your business grows it can become overwhelming to try and manage it all. “Which expenses do I pay right away?” ” Which costs can…
I constantly hear people say that they keep going over budget. They are frustrated and discouraged because they put so much into create and implementing a budget, all to find themselves constantly overspending. Usually when this happens, I find that the same reason exists regardless of the person or company. 1. Underestimating costs. This is…
As a business owner you want to be sure that you get paid timely. You also want to ensure that those payments actually get processed. The solution to that is to accept credit card payments. But you don’t want to have to pay those fees, EVEN THOUGH THEY ARE A COST OF DOING BUSINESS. Let…
If you are an entrepreneur who relies on social media and marketing to power your small business, you may need some help when it comes to keeping track of your finances. What can you do to streamline your time and energy so that you might devote more time to your business? Here are 5 financial…
