Welcome back to the fifth part of our six-part series about how to write a business plan. In the previous four posts we’ve touched on what’s involved in starting a business, creating a sales and marketing platform, understanding your business finances, and choosing the right legal structure for your new business. In this post, we’ll discuss some of the professionals that you might need support from as you plan, launch, establish and grow your new business! Building a Good Sup
Regardless of the industry, small businesses face the same common problems that prevent them from growing and succeeding. Entrepreneurs are hard pressed to be effective in all areas of their business and this can lead to weak processes, errors and missed opportunities. When we take a look at the top problems that plague small businesses, it is easy to see why hiring a professional bookkeeping service or at least a part-time bookkeeper is a viable solution for these problems.
Being a small business owner is not for the faint of heart. Small business owners deal with a wide variety of problems every day as they always have their hand in more than one bucket – sales, marketing, customer issues, bookkeeping and accounting – the list is long! No matter what the issue, having a positive cash flow is the key to solving almost any problem a business owner needs to deal with. So how does a small business owner learn the ins and outs of properly managing c
You’ve started a business and run it successfully. But what will happen when you find yourself ready to move on? Whether you’ve been in business for one year or 20 years, entrepreneurs need to think about their end goal plan – do you eventually want to take on a partner, do you want to sell your business? We’ve talked about the ways that small businesses can grow by outsourcing their bookkeeping and now we want to share information about how outsourcing your bookkeeping can a
Soon, we will move into Holidays and you may not even realize that your business's year is coming to an end. Be prepared and know what procedures you must do with your bookkeeping to avoid the last minute hustle and stress. If you don't have a well-informed bookkeeper you may not know what needs to be done at year-end to carry forward your bookkeeping into a new fiscal year. So, let us help you get organized, and to do so we've compiled a basic list below of what might be nee
As the calendar turns from 2013 to 2014 we prepare ourselves for a new year filled with hope, enthusiasm and opportunity. January 1 also marks the start of a new fiscal year for many small businesses, especially unincorporated businesses. As an owner, one thing you can do to help your businesses succeed is to spend some time at the beginning of the year creating a financial plan or budget. Planning is an important part of the success of every business, even established bus
A lot of people seem unsure of the differences between a bookkeeper and an accountant, using the two terms interchangeably. There are distinct differences between who a bookkeeper and an accountant are and the roles that they play in your business. What a Bookkeeper Can Do For You Think of a bookkeeper as someone who can help take care of the day-to-day finances of your company. They are trained in bookkeeping and business financials so they know the proper way to manage th