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Late last year a post by Angie Mohr on Intuit’s Small Biz Blog attempted to differentiate between an accountant and a bookkeeper. It helps to know the difference when you decide what is actually needed. Especially if you want to get good value pricing return on service. “Many times it depends on the industry and […]
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Business startups can be a stressful and challenging process, especially if its your first startup. A single missed to-do list item might be a key element with a big impact on your future operations. In the course of the start-up phase, it’s genuinely difficult to discern what is and is not significant and what might […]
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Emily Suess remembers the first four words of the mission statement crafted by the school board leaders of her small school district in Southern Indiana. Hanging on the wall in every elementary, middle school, and high school classroom was a brief statement of purpose that started with the words “learning takes place here.” Apropos for […]
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What business owner doesn’t want to cut expenses? But it is even more important for a young entrepreneur who has limited savings, limited access to capital and overall less options. So we reached out to get ideas from business owners on how they have saved and what they think young entrepreneurs should do to save […]
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Cash is the lifeblood of any small business. Here are some tips to help your business maintain a sufficient cash flow to meet its financial goals and run efficiently: Tips from Rick Smith CPA – Toughen up your credit policies. Review the payment terms you offer to customers and tighten them up if slow payment is […]
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Keri Salls posted to her blog about cool research project published by Saras Sarasvathy, a Professor at the University of Virginia, captures distinctions between entrepreneurs & corporate executives in how they think. Source: Catalyst House Blog In her article in the new issue of Inc Magazine, Leigh Buchanan says, “Saras Sarasvathy concluded that master entrepreneurs rely […]
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As a small business owner you have more far important things to do than to keep your own books. We can work with your CPA, CFO or other administrative personal to take care of your books for you, so you can get back to the job of running your business and generating profits! Each month […]
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Growing too fast can be dangerous to your company’s health. Use the Sustainable Growth Rate ratio in order to track your company’s financial ability to grow. What typically tops the list of worries of the chief executive officers of fast growing companies? Financing that growth, according to surveys over the years. This is because many companies […]
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Wikipedia defines business plan as “a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.” Many erstwhile entre-preneurs have long thought of a business plan as only for […]
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Sir Richard Branson, that dashing English visionary with a seemingly voracious appetite for launching new ventures, saw his entrepreneurial skills begin early, as publisher of a student magazine when he was just 16.. Branson did not graduate college but in 1970 his now famous ‘Virgin’ brand had its start as a discount records direct mail […]
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Are you a budding entrepreneur? Patrick Driessen asks the tough questions that will help you decide whether you have what it takes to succeed. (Editor’s note: Patrick Driessen is the CEO of Seed Accelerator, an Asian-Pacific technology startup & business accelerator.) From Venture Beat – Having started, run and lead various companies since I was 15 […]
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