The only way you can really know how well your business is doing is by knowing the bottom-line. This assumes, however, that you are able to do regular bookkeeping, generate financial statements based on your bookkeeping journals, and analyze those statements to really understand the financial condition of the business. Do you know your margin […]
To survive in today’s marketplace, it is important to run our home business operations lean. Learn how to run your home business lean — and profitable.
An entrepreneur needs to know how to handle money and wealth in order to be successful. However, many women entrepreneurs are good in business, but not in handling money. In fact, there are some women small and home-based business entrepreneurs who are downright lousy at managing personal wealth and business finances. Belinda Fuchs, President of […]
Much ado has been made about the comeback of layaway programs. KMart is even advertising heavily their layaway program, which allows customers to pay the item over an 8-week period During these tough economic times, take the cue from big retailers and explore more payment (even credit) alternatives for your customers. The goal is to […]
We are in business to provide customers with our products or service — and get paid in return. But what if the customer does not pay? How should we collect on the payment? What are our options? According to the book “The Law (in Plain English) for Small Business,” we basically have three options: 1. […]
The tax folks at J.K. Lasser sent us a press release today that provides tips on what a small business needs to look for when hiring an accountant. It is not easy to find an accountant that you can trust, much less really look out for your interests. According to J.K Lasser, the following are […]
To lose money due to a bad investment decision is one thing, but to lose money because a trusted employee embezzled funds from you is like a double whammy.