Operating a business requires continuous cash inflow and outflow. And I’m not necessarily talking about no small potatoes. Sometimes there are some big ticket items weighing us down and we harbor them and hold them close and then implement other processes that end up hurting us in the long run. These processes are not written…
Every day we turn on the TV or read an article and hear about the benefits of working in the cloud. How the IT industry is using it to make a bigger mark in the world. How the medical industry is using it to become more innovative. But what about YOUR industry? Yes, there are…
I often receive questions about how to set-up a business. Potential new business owners are excited to set-up their businesses, but they don’t always know the best way to set-up their business. There is tons of information on setting up a new business and you should do your due diligence and research on each type…
Have you ever noticed an airline pilot lugging a black briefcase on their way to the next flight? Those briefcases aren’t filled with personal effects, but are 40-pound flight kits containing charts, maps, manuals and guides. Delta Airlines recently made a move to replace those bulky flight kits for its 11,000 pilots by giving them…
Petty cash funds are funds that are kept on hand at your business office and is used to reimburse employees for small expenses. Sometime it is misused as if it were an extra bank account. Keeping track of petty cash is a key control for small business owners. Failure to do so will leave your…
There are two basic forms of accounting that should be used to track your revenues and expenses – cash basis and accrual basis. Cash basis means that you recognize the income when you receive it and you recognize expenses when you actually pay them. Accrual basis means that you recognize income when you have the…
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…
I recently attended a tele-seminar about being your own voice in your writing, given by The Writing Whisperer, and one of the take aways was a reminder that people want to work with PEOPLE. Meaning, even in your copy you have to let your light shine through. You have to be yourself in order for…
There just are not enough hours in the day! And don’t I know it! Time management is the driving force behind running a business efficiently. It is the process of consciously planning controls for the amount of time spent on specifics tasks or projects. These processes, combined with various tools, techniques and methods can make…
Planning a major event, vacation or making a major purchase takes a lot of planning. And so does creating a new product or service or starting a major project. And the first thing people do for each of these tasks is create a budget, right? So why is it that when it’s time to start…
