Organizing business accounts is an essential practice for any investment, irrespective of the size, and keeping your business accounting organized right from the start pauses a challenge. Accounting becomes difficult for your small business if you take it as tedious and intimidating, but spending …
Bookkeeping Articles and Interviews (tag)
6 Tips for Creating Your First Business
Any entrepreneur knows that starting a business is no walk in the park as nurturing it till it is on its feet takes dogged dedication and hard work. A good businessperson will always employ strategy and business acumen to turn a profit. Transforming that business idea into a workable and …
Smart Steps for Starting Your Entrepreneurial Career
Becoming an entrepreneur is a rewarding way to put your skills to work and share your ideas with the world, but it’s also a hard path to go down as there are many pitfalls along the way. Many entrepreneurs are full of ambition at first but don’t know how to start making their dreams into a reality. …
How to Effectively Manage Your Business’s Finances
In many cases, a small business' success is built on skills associated with making a product or providing a service, not necessarily skill in managing finances. If you don't have much experience with handling your business’ finances, it can sometimes feel like a tedious chore, but not tending to …
4 Business Finance Mistakes That Are Killing Your Profit Margins (and How to Solve Them)
According to Forbes, around 20% of small businesses collapse within their first year. The author notes something you’ve probably thought about as well: this number seems quite low. Twenty percent is a small figure in the grand scheme of things, especially when you consider the trials a small …
How To Handle Cash Flow: 5 Handy Tips
When running a business, "cash flow is king" is a phrase you may have heard thrown around and honestly, it’s not untrue. Many a fundamentally sound business has found itself going under due to running out of cash, especially if owed some money. It’s good to think about and plan ahead to avoid this. …
