With no software to install, moving your books to a cloud-based accounting program like QuickBooks Online offers a bounty of benefits – including the freedom to manage your finances from anywhere.
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With no software to install, moving your books to a cloud-based accounting program like QuickBooks Online offers a bounty of benefits – including the freedom to manage your finances from anywhere.
Topics: Cloud-Based Accounting, Cloud Storage, Outsourced Bookkeeping Services, Small Business Bookkeeping
Like many strategic business alliances, the advantages of investing in better vendor relations aren’t always immediately evident from a bottom line point of view. But the reality is that regardless of the business you're in, suppliers and service providers play a key role in keeping your company profitable.
Topics: Vendor Relationships, Vendor Selection, Growth Coach, Small Business Growth, Scaling A Business
An efficient and accurate bookkeeping system - one that’s managed with the help of bookkeeping software - is essential for business success. Cloud-based accounting programs like QuickBooks Online (QBO) are ideal because they let you track financial transactions and collaborate with your accounting professional in real-time, while supporting a number of time-saving third-party apps.
Topics: QuickBooks Apps, QuickBooks Online, Cloud-Based Accounting
Alternative financing may be your company’s best option when stop-gap infusions of cash are required. Unlike traditional bank loans - which can sometimes be challenging to qualify for - alternative funding sources like microloans, peer-to-peer financing, and merchant cash advances are relatively easy to come by.
Topics: small business loan, Growth Coach, Small Business Growth
While there’s an ongoing debate over whether emails or phone calls are more effective in business, two things are clear: email is the appropriate communication choice in many situations – and poor email etiquette can impact your professional image.
Topics: business reputation, online business reputation, Customer Success
How prepared is your business to recover when disaster strikes? Having a detailed plan in place to resume operations with as little disruption as possible is a must. Yet statistics suggest that 75% of small businesses operate without a tried and tested disaster recovery plan. As a result, almost half of these companies will be forced to close their doors during an unexpected event, and only 25% will ever reopen.
Topics: Growth Coach, Strategic Planning, small business plan
The process of reducing business assets or selling off all or part of your company is known as divestment or divestiture. Business divestment effectively downsizes or eliminates your interest in your company and the property it owns.
Topics: Business Divestment, Exit Planning, Growth Coach, Financial Forecasting, Cash Flow Management
I was recently approached by a business about setting up an automated bookkeeping system before they had even started the business.
Topics: Automated Bookkeeping, Accounting Automation, Bookkeeping System, Efficiently Using QuickBooks, Growth Coach
Has your business reached the point where hiring an employee or two seems like the right move? Working with a regular team means you’ll always have someone on hand to perform key business tasks when they’re needed. But personnel doesn’t come cheap. Before making the decision to hire, take some time to explore what employees really cost – above and beyond the wages you pay them.
Topics: Employee Costs, Small Business Growth, Scaling A Business
A great company culture can resonate through many areas of the organization, creating a collaborative and supportive community that ultimately bolsters the bottom line. A great company culture is what creates words like “synergy” that everyone strives for, but no one truly understands until they’ve seen it in action.
So what’s the secret sauce for creating a great company culture? Getting the right people in the right role within your company and avoiding these common hiring mistakes.
Topics: Business Culture, Hiring, Scaling A Business, sourcing employees, Employee Costs
