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A strong financial management team requires five key elements: bookkeeping, accounting, cash management, financial analysis and strategies, and tax planning and filing. Whether you handle it all yourself or have several financial partners such as a bookkeeper, accountant, outsourced CFO...
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It’s nearing the end of the year and is the season when most small business owners are gearing up for the holidays which inevitably means shopping for presents, prepping for a holiday office party, possibly launching a big end-of-year sale,...
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We’ve noticed that most small businesses owners like yourself focus their attention on delivering their services and neglect the operations hoping things take care of themselves. Whether you’re a set-it-and-forget type or a diligent planner, the end of the year...
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Chances are you started your service based small business because you had a passion. But now, it’s time to turn that passion into a thriving enterprise. To be truly successful you will need to manage the finances underpinning your small...
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The financial health of your service-based small business is measured by a number of factors, not just your profitability. While the costs of goods sold can be the main driver of your profit margin, a significant portion of your expenses...
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The worst thing you can do as a small business owner is overlook the importance of cash flow. Lack of cash can be the downfall of your business which is why it’s crucial to track where your money is “flowing”...
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Are you overspending on internal finance and accounting efforts? Or maybe you’re doing the work yourself and annoyed by the lack of time and efficiency? As the CEO of your business, you should be focusing on revenue generation instead of...
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Putting your small business in a position to maximize profit is more than taking a strategic approach with income and expenses; debt is often a place that needs attention, too. Sometimes looming debt can create a rabbit hole in which...
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You need a CPA, but not any old CPA will do. Since most CPAs have been trained with the same skills, finding the right fit is paramount. For example, if you’re a small printing business, working with a CPA that...
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Fourth quarter is here, which means business owners should start planning for the new year by doing a digital cleanse, looking at the numbers, setting goals, taking care of employees, and celebrating the wins. Before the holiday season is upon...
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