Do you want your employees to be successful in their position? Here are several ways to do so. Proper Training Employees need to be properly and thoroughly trained in their position. This can be done via one-on-one training, training courses and written instructions. Depending upon the task and the position, all three ways can be […]
Business
Tips for Start-Ups
The stats on business failures are depressing, and here are some tips to ensure your success. Experience with the Industry If you have worked in the industry for many years, especially as a manager, then you have a solid background of experience to help you run your own business. This is especially true if you […]
Business Risks You Aren’t Thinking About
I hate to be a Debbie Downer, but here are a few business risks you probably aren’t thinking about and some potential solutions to avoid them: Health Risk If you’re in your 20’s or 30’s you probably aren’t thinking about health concerns, but for those in their 40’s and above, it enters your mind more […]
5 Tips to Improve Cash Flow Immediately
Does your cash seem to be lacking even though your business is doing well? Here are 5 tips to immediately improve your cash flow: Accept Electronic Payments You’d be surprised by the number of businesses that rely on having their customers send them checks. It’s such a slow process that can take weeks or months […]
Turn Your Business into a Subscription
Why would you want to turn your business into a subscription? Not all businesses can do this, but here’s why and how to get started. Subscription Defined A subscription-based business model is one where a customer or client pays a fee periodically for a service or a product. For example, Netflix charges a monthly fee […]
How to Make Your Accounting Feel Less Painful
I’ve heard many descriptive words when it comes to accounting and maybe it’s because most people don’t find accounting as exciting as accountants do. Here’s how to make your accounting less painful: Outsource Most small businesses use QuickBooks Online to maintain their accounting records. Instead of doing this yourself, you can outsource this to your […]
The Conundrum of Loans
Looking for a loan for your business? What is the best way and timing of obtaining a favorable loan or a loan in general? Conundrum The best time to seek a loan is when you are not desperate to obtain a loan. Ironically, when you are looking for a loan is probably the time when […]
Before You Buy a Franchise
Buying a franchise can be a lower-risk way of starting a business, especially for a new entrepreneur. There are things you should look for and things you should avoid. Look For: Avoid: If you know a business owner who can benefit from our services, then we would appreciate your referral. And if you like what […]
3 Ways to Get Started with Real Estate Investing
Real estate investing can be difficult, but there are 3 ways to make getting started much easier. Rent Out Your Home When deciding to move, instead of selling your home, you can choose to rent it out if you expect positive cash flow. The benefits of doing this include: creating an instant rental property, no […]
One Way to Simplify Your Tax Situation
There is one common situation I see every tax season, and making this change would simplify your tax situation. Number of Financial Accounts Minimizing the number of financial accounts you have, when possible, will not only simplify your tax situation, but will also help to simplify your finances. Actions to take include closing out or […]