The current business environment remains challenging to small business owners. While a recent survey suggests that business owners are more optimistic about the economy, these same owners expressed concerns about their business’s role in the future. Here are the most prevalent concerns of small business owners as well as some ideas to address them…
A recent survey of 1,700 small business owners in the United States yielded seven financial practices that were consistent among the most successful of these entrepreneurs. The folks who followed many of these routines reported higher levels of annual revenue and expressed higher levels of satisfaction with their decision to become small business owners. Here are the financial habits that were revealed in the survey…
Although large companies tend to make the biggest headlines when they’re hit by data breaches, it’s a mistake to assume that hackers don’t target small businesses as well. Small business leaders can be lulled into a false sense of security by thinking hackers would rather attack large businesses, and leave themselves open to attack as a result.
According to a recent survey, 46% of small business new hires fail within 18 months. High turnover can be quite costly for small business owners. None of us can afford the time and expense that hiring mistakes create.
Are you thinking ahead to the day when you'll no longer run your business? Whether that day will be here in one year or in ten, you need think about an exit strategy now so you'll be prepared for your future.
In today's economic climate, the pressure on businesses to safeguard their assets is at an all time high. Even small, family-run businesses that have trusted employees are at risk. You can start by protecting one important asset…your cash.
Business owners will frequently ask “How much is my business worth?" They may be looking towards a sale for retirement or gifting to the next generation. Whatever the purpose, there are several ways to arrive at the answer.
Many times our clients confess that they don't know how to set up an accounting system to identify and track job costs. We have developed several reporting techniques that are adaptable to different industries, and help these clients properly price goods and services.