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Category Archives: Business Management

5 Benefits of Outsourced Bookkeeping

Business Management, Financial ManagementBy Sherrell T MartinOctober 8, 20137 Comments

  When I worked at a public accounting firm, one of things I liked but didn’t like was going to clients.  I wanted to work from close to home and not have to deal with traffic every day.  While DC, MD & VA are a hop skip and a jump from each other, when you…

[GUEST POST] The Benefits of Outsourcing Your Payroll

Business Management, Guest BlogsBy Sherrell T MartinOctober 1, 2013Leave a comment

Have you ever rushed your payroll just so your employees were paid on time and either made mistakes or missed someone’s payment? If so, you know that it is difficult because the task of payroll can feel like a full-time job depending on how many employees you have. So what do you do? Many people…

3 Reasons You Need Contracts in Your Small Business

Business ManagementBy Sherrell T MartinSeptember 10, 2013Leave a comment

Running a business takes more than just skills and talents.  It takes a ton of systems to help keep your business running like a well oiled machine.  You need systems for you accounting department, of course; systems for your administrative details; systems for your operations and systems for marketing. One of the most important systems…

SWOT analysis

How To Use SWOT to Grow Your Business

Business ManagementBy Sherrell T MartinSeptember 3, 2013Leave a comment

Performing a SWOT analysis when you start creating or building your business is an important key to the success of your business.   A SWOT analysis is a strategic planning method that is typically used for any major decision making situation.  It consists of analyzing and determining what internal and external factors have both positive and…

I Don’t Feel Like Being Consistent

Business Management, MindsetBy Sherrell T MartinAugust 24, 2013Leave a comment

I almost didn’t right a blog this week.  Why you ask?  Well if I can be real – I didn’t feel like it.  It’s the first week of school, I had to do my blog, my video & my ezine, I had to prepare for my last a business development class early next week, I…

How to Create A Business Plan in 6 Easy Steps

Business ManagementBy Sherrell T MartinJuly 9, 2013Leave a comment

A business plan is no easy task.  It is the most important document a small business owner should have and the one that most small business owners don’t have.  A traditional business plan is minimally 20 pages long and can takes months to prepare.  And that’s why most SBOs don’t create one. But what if…

How To Set Your Prices To Still Generate a Profit

Business ManagementBy Sherrell T MartinJuly 2, 2013Leave a comment

When you start your own business, you face many challenges when you first start out.  What are you going to sell? Who are you going to sell it to? Where and how are you going to sell it? And what are you going to charge?  These are all tough questions to answer when you are…

5 Simple Steps to Improving Your Business Processes

Business ManagementBy Sherrell T MartinJune 25, 2013Leave a comment

Business process improvement is the developing of a systematic approach to helping an organization optimize its underlying processes to achieve more efficient results. It is the methodology for process redesign and process reengineering.  It is a systematic way for businesses to become organized as they grow and develop by looking at their current processes, documenting…

5 Main Chart of Accounts Categories

Business Management, Financial ManagementBy Sherrell T MartinJune 18, 2013Leave a comment

Last week I talked about the importance of using account numbers.  One of the main reasons is that it creates structure and allows you to group your transaction based on the five main categories of accounting. There are five main chart of account categories that are the foundation of an accounting numbering system.  These five categories…

Why Using Account Numbers is Important

Business Management, Financial ManagementBy Sherrell T MartinJune 12, 2013Leave a comment

I was recently working on a clients books and noticed that they didn’t use account numbers.  And I asked them why, they didn’t have any reason.  They simply replied “Why do I need them?” The Chart of Accounts is the framework to your reporting system in your business.  This framework is a complete list of…

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