Starting your own business can be exciting, but it also presents some challenges. Having the proper tools and skills in place will help you map out how to start and run a successful business. Seeking advice or getting professional help is a great first step, especially if this is your first business venture. Accountants and…
Accounting and Financial Advice to Help Grow your Small Business Many skilled people go into business because they are a great plumber, gifted lawyer, or talented cook. They decide to open up their own company and be their own boss. Then, once the business is born and reality sets in, they realize the skills, tools…
Tips on How to Develop a Budget for Your Small Business Small businesses have a high mortality rate. One way of reducing the chance for failure is to prepare a budget and a set of financial projections annually. Small business owners cannot just look out the window and come up with pie-in–the sky numbers or…
Very few new small businesses put together a business plan before they open, but they should. Most small business fail in the first few years and that could be avoided if they had created a business plan prior to opening the business. Too many business owners think they have a good idea or have a…
Businesses start and fail at a staggering rate. Every year over a million people start a business of some sort and by the end of their first year at least 40% of them will be out of business. Within five years, more than 80% of them will close. In 10 years, 96% of them will…
Avoid the Common Pitfalls Business Owners Face When Managing Their Finances When it comes to managing a business, your accounting is critical. But there’s hope: most accounting mistakes made by small businesses stem from a misunderstanding of the fundamentals. Businesses fail, lose money, or struggle not because of the big stuff, but because the fundamental…
"*" indicates required fields