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3 Keys to Tracking Financial Information

3-keys

In today’s world of technology, small business owners can have unlimited amounts of information about their business at their fingertips. The question is not whether you have data available, it’s whether or not you use it, and how? In your business, you may only review …

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Considering Starting a Franchise?

Many small business owners have successfully started and operated franchises, many as their first foray into business ownership. Franchises have many great things to offer: recognizable brands and products, well-developed processes, training and support, aggregate purchasing programs, corporate and co-op marketing, and research for site selection are just a few of the potential …

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Art and Science of Sales Forecasting

Vision

For many young, growing companies, forecasting sales revenue can be a tricky undertaking. There’s often limited history to go on, and the apparent difficulty in predicting outcomes can sometimes cause entrepreneurs to abandon the exercise of preparing a forecast altogether. So what can be done …

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Becoming a Great Leader

Leader

I was speaking to my son’s fourth grade teacher; I mentioned that I’d like to see my son be more of a leader, and less of a follower.  I’ll never forget her response. “Not everyone can be a leader” she said, “It’s really hard. Maybe you’re …

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Bookkeeping Basics

Despite the importance of bookkeeping, small businesses often neglect it because of the time and effort it takes to set up and tend to a bookkeeping system. But bookkeeping is an essential part of every business regardless of size and one thing you can’t afford to ignore.

Bookkeepers are responsible for organizing and tracking …

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Use Quickbooks Get Paid Faster

money

 

Would you like to get paid faster? Well, honestly who wouldn’t? A feature in QuickBooks that you may not even know about can help.

Both versions of QuickBooks, Online and Desktop, offer a payment solution to help you get paid quicker. As you prepare your invoices …

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Budgets Small Business – Part II

Budgeting Fixed Costs

Fixed costs are simply those costs that do not typically fluctuate with sales volume or revenue. Examples of fixed costs often include management compensation, rent, professional fees, marketing, and insurance. Also, while some costs may be variable for certain companies (e.g., utilities for a heavy manufacturer), they may be fixed for …

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Budgets Small Business – Part I

Building and utilizing budgets is important for any business owner. Budgeting can help quantify targets to monitor the company’s progress or warn management of impending problems, thus improving a business’s overall chances for success. Simply put, a budget is a financial plan that reflects a business’s operational plan. It is critical, therefore, that …

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10 Questions Every Leader Should Know

If you are a leader, here are 10 great questions posed by Bill Taylor, the cofounder of Fast Company.

Do you see opportunities the competition doesn’t see? Or, are you out-thinking your rivals?

Do you have new ideas where to look for new ideas? Consider looking at other industries for thoughts about new segments, products, etc.

Are …

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