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Last month we talked about “How to Run a Profitable Business in 2023.” This month, we’ve compiled a list of all the actionable tips we’ve shared with you over the years. Take the time to look over these list of tips/ideas/suggestions and make a list of those that can help you reach your S.M.A.R.T. (specific,…
A business owner must make a profit in order to maintain a successful business — no business can survive without it. While sales are essential for growth, it’s useless if the business is not making a profit along with those sales. Sales without profit will put a business at financial risk. Over the years of…
Account reconciliation is defined as an accounting process that seeks to check two sets of records (often internal and external) to ensure that the figures are accurate and in agreement – so they reconcile. This is important because it helps the bookkeeper detect mistakes, discrepancies, or fraud that could severely impact the financial health of…
The fourth quarter of the year is here, which means that now’s the time to be thinking about taxes. While we know that taxes don’t come due until each April here in the U.S. (with extensions that can be made for businesses until October), NOW is truly when a business needs to be thinking and…
With inflation on the rise and the hiring crisis lingering on, business owners are getting hit with employee’s and/or contractor’s wanting a raise (and/or raising their prices). Which brings about the question – what should an owner expect from a team member (or contractor) in exchange for a raise? As a business owner, it’s your…
Owning and running any successful business starts with the effort you are willing to put into it every day. You’ve got to have a mission, vision & values, be organized, learn how to delegate, use proper equipment and have a great team at your side. Once you understand those key points, you’ll have a successful…