Posts Tagged ‘Accounting’
TEAMS
A team is a way of organizing different people with different goals and plans. When a team is successful, it funnels the energy of team members for the overall good. Your team is also probably your biggest single expense, so it’s important to get the most out of them! Do You Have The Right…
Read MoreCustomer Satisfaction
CUSTOMER SATISFACTION Following up on our last blog about numbers, we will discuss the importance of Customer Satisfaction. A vital part of any business is how your consumers feel about operations. What Are Your Customers Saying About You? The most successful companies always include customer feedback into their meetings. It is no longer an…
Read MoreFour ways to assess your business health
With the start of a new year comes promises to become healthier. There are plenty of ways to assess your physical health (weight, BMI, cholesterol, resting heart rate, blood pressure, etc.) Why shouldn’t we be looking at our businesses similarly? When thinking about the health of your business, here are four areas to review when…
Read MoreHow To Price Your Small Business
One of the reasons behind small business success, is appropriate pricing. When you price your product accurately, it can really help build the foundation for your business to succeed. The same goes for pricing your product or service incorrectly, your business may face problem that has trouble overcoming. It’s not an easy task to develop…
Read MoreUnderstanding Your Balance Sheet
Being able to understand the different types of financial documents and information your business has should help you better understand your financial position. Learning how to decode a balance sheet will help give you the tools you need to make important decisions about your business. A balance sheet, or sometimes called a “statement of financial…
Read MoreEnd-of-the-Year Checklist for Small Businesses
I love this time of year! Thanksgiving is my favorite holiday. It’s tempting to focus on holidays, traveling and family visits, but tend to forget about your businesses 4th quarter closing. Now is the time of year where your business needs your attention the most, especially when it comes to your finances. Keeping on top…
Read More15 Financial Management Tips for Beginners
15 Financial Management Tips for Beginners Separate Business Expenses from Personal – This will help keep your personal spending separate from your business costs. Plus, having a business credit card could come with a higher credit line, for unforeseen expenses. Not separating the two can cause confusion when you’re analyzing your yearly spending. It could…
Read MoreWhat affects your cash flow?
It’s important to know what is affecting your cash flow. Most business owners understand that profitability and cash flow are not the same thing, but not all understand the reasons why. Here are a few of the biggest: Timing The biggest difference between cash flow and profitability for a small business owner is timing. You…
Read MoreAre you checking your financial statements?
Standard financial statements are much like a rear-view mirror. They are essential to look into to properly see what’s behind you. They tell you what happened last month, last quarter, last year. While it’s all good information, it’s not nearly enough. You want to know what’s going to happen (or at least what’s likely to…
Read MoreWhat is Cash Flow? Back to Basics
What is Cash Flow and why is it important? In this week’s blog post, we have gone back to basics – discussing the core fundamentals of cash flow and the effects it can have on the day to day running of a business. It is with this in mind that we have created a series…
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