Category Archives: Business Tips

Seven Small Business Risks You Might Not Know You’re Taking

Seven Small Business Risks You Might Not Know You’re Taking Running a small business is often about taking and managing risks. Market risks are normal but business and tax risks are another thing altogether. Most business and tax-related risks can … Continue reading

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Five Steps to Getting a Loan

Five Steps to Getting a Loan Most small businesses need help with cash during certain stages of their growth. If you find that you have more plans than cash to do them with, then it might be time for a … Continue reading

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Cool Social Media Apps: Periscope

Periscope is one of social media’s newest cool toys.  It enables cell phone users (iPhone and Android) to capture and stream live video from their phone.  Periscope was acquired by Twitter in February 2015, and it launched in March.  As … Continue reading

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The Triangle of Fraud Risk

A 2014 Global Fraud Study conducted by the Association of Certified Fraud Examiners (ACFE) estimates that the average business loses five percent of their revenues to fraud.  The global total of fraud losses is $3.7 trillion.  The median fraud case … Continue reading

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QuickBooks Reminders Prevent Problems

Preserve your relationships with customers, vendors, and others by setting up reminders in QuickBooks. How many calendars do you maintain? Many businesspeople have more than one. Maybe you use a web-based or desktop application like Google Calendar or Outlook for … Continue reading

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Three Costly Accounting Mistakes to Avoid

Small business owners have a lot on their plates, and time simply does not allow you to become an expert in all the areas required for running a business.  Here are a couple of common mistakes that we see all … Continue reading

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Your Daily Numbers

Some numbers need reviewing on a daily basis, and one example of this is cash.  When cash is coming in from a number of places, it’s great to have a daily summary of what was collected. It’s also great to … Continue reading

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Cool Tech Tools: Customer Portals

If you have a business where you have to send documents of any kind to your customers, then you may benefit from a portal.  You can save time on customer service and possibly postage and labor.  You will also look … Continue reading

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Five Modern Marketing Methods You May Not Know About

Older marketing methods like direct mail and cold calling just don’t work as effectively as they did a few decades ago.  There are two reasons for that: The trust level between people has dropped more than 20 percentage points in … Continue reading

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Do You Have a Revenue Plan for 2015?

A great way to start the new year is to get clear on exactly how you can make your revenue goal number.  A revenue plan is the perfect tool.  You’ll need to be proficient in Excel, and if not, you … Continue reading

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Planning for a Fabulous 2015

The holiday month of December brings celebration as well as reflection for all the events that occurred in 2014.  It also gives us great hope for a new fabulous start in 2015.  Here are three ideas to start 2015 with … Continue reading

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What Is Real-Time Accounting (and Why Should You Care)?

Real-time accounting is when your books are caught up to the present and you know exactly where you stand with your account balances, revenue, and profit. It’s truly doing your accounting in real time. The opposite of real-time accounting is … Continue reading

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What’s Your Hourly Worth?

Time is the most precious resource on the planet, but sometimes we don’t treat it that way.  In our businesses, it’s important to get everything done, but we can also get overwhelmed with all the little things that need to … Continue reading

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How to Read Your Balance Sheet

The Balance Sheet is an important report in your business’s financial statements.  Most small business owners are unsure of what all of the numbers mean on this report, so let’s see if we can shed some light on what they … Continue reading

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Customize QuickBooks’ Reports, Make Better Business Decisions

QuickBooks simplifies and speeds up your daily accounting work, but you’re missing out on valuable insight if you don’t tailor your report data. Do you remember why you started using QuickBooks? You may have simply wanted to produce sales forms … Continue reading

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Summertime Strategies for Your Business

Summer is a great time of year for most businesses to pause for just a little while to take stock, congratulate yourself on what you’ve accomplished so far this year, and make big plans for your future.  Here are five … Continue reading

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Does Your Small Business Need a CRM?

  Have you ever stayed at a hotel and then returned, finding that they have stocked your room with everything you asked for the last time you were here?  Your special allergenic pillow was already waiting for you, you were … Continue reading

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8 QuickBooks Reports That You Should Be Running Regularly

QuickBooks provides dozens of customizable report templates. You know when you need some of them, but which are musts? You send invoices because you sold products and/or services. Purchase orders go out when you’re running low on inventory, and there … Continue reading

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Seven Profit-Boosting Entrepreneurial Habits

As an entrepreneur, you are responsible for shaping your business success.  Any habits that sabotage your success in your personal life can often carry over to your business.  Becoming aware of these is the first step to success. Here are … Continue reading

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Five Essential Components of an Entrepreneur’s Compensation

The two major ways entrepreneurs can take money from their business is through draws or by receiving a paycheck.  The type of entity in which their business is set up will determine which method can be used. In either case, … Continue reading

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Is It Time for Spring Cleaning Your Business Files?

Is It Time for Spring Cleaning Your Business Files?  How much time do you spend each day looking for information about orders, customers, vendors, or employees?  If it’s a lot, a little spring cleaning might pay off.  Here are five … Continue reading

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Nine Tips to Dazzle and Retain Your Top Customers

Nine Tips to Dazzle and Retain Your Top Customers Your top customers are your most important customers in your business, and it’s important that you hang onto them if at all possible.  It’s much more cost-effective in most business models … Continue reading

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Hiring Your First Employee? 5 Tax-Related Steps

Be prepared for a mountain of paperwork, much of it related to income taxes. Adding your first employee to your small business comes with good and bad news. The good, of course, is that you’re succeeding so well that you … Continue reading

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Five Ways to Go Green with Your Accounting

With St. Patrick’s Day and spring arriving, March is a great month to have “green” in your mind.  There are green shamrocks, green beer, the green of new vegetation, and there’s even green accounting, too.  Here are five ways to … Continue reading

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How to Avoid Seasonal Bumps in Your Cash Flow

Many businesses operate with seasonal peaks and valleys.  Retail stores just completed their busy holiday season.  Construction contractors are busy when the weather is good.   Accountants are very busy from January through April, but also experience a quarterly peak in … Continue reading

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Is Your Business Using the Right Accounting System?

Have you ever tried on a shirt or jeans and found they didn’t fit at all?  They looked great on the hangar, but that was the end of it.  Accounting systems come in all sizes, shapes, and colors just like … Continue reading

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What to Do When Calling the Help Line Doesn’t Help

Have you ever called a help line and at the end of the call had a bigger problem than before you called?  Unfortunately, it’s not uncommon.   Navigating the help line process can be a challenge for anyone’s patience.   Here are … Continue reading

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Five Best-Practice Accounts Payable Tips for a Smoother Cash Flow

  Keeping an eye on cash balances is one of the most frequent activities of many business owners.  Besides making sure you have enough cash for payroll and bills, there is another huge opportunity you can benefit from: lowering the … Continue reading

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Avoid the Three Biggest Sales Mistakes and Close More Business

Every sales lead is precious.  It takes a lot to get people’s attention these days, and once a lead or prospect comes in your door, you’ve accomplished that hurdle, but now you have another one:  getting the business.  To ensure … Continue reading

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Five Fun Things to Add to Your Invoices

Five Fun Things to Add to Your Invoices When it comes to marketing, the company invoice might be the last thing you’d think about.  But think again:  it’s a great place to make every attempt to get paid faster and … Continue reading

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Do You Know Your Small Business Vitals?

Do You Know Your Small Business Vitals?  On a doctor’s visit, the first thing the nurse does is take your vitals:  your temperature, blood pressure, pulse rate, and respiration rate.  These basic measurements are the first place doctors look to … Continue reading

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Five Ways to Rev Up Your Referrals

 Five Ways to Rev Up Your Referrals In the vast majority of industries, referrals are the most cost-effective way to gain new clients and grow your business.  When you attract new clients through referrals, your marketing costs are lower, your … Continue reading

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What Does Popeye Have to Do with Accounting?

What Does Popeye Have to Do with Accounting?  You might have heard the terms “cash basis accounting” or “accrual accounting.”  Your net income number can change depending on which method your books are set up for.  Here’s a simple explanation … Continue reading

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Mobile Accounting

Mobile Accounting  If you are the type of person who loves mobile apps, texting, and getting your email on your phone, then you’re in for a treat: accounting has finally come around to your smartphone.  Here are a couple of … Continue reading

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Budgeting Breakthrough

Budgeting Breakthrough When you hear the word “budget,” what do you think about?  Most people would say something similar to “Ugghh!” If you would rather do just about anything besides create a budget, you’re not alone.  The word “budget” brings … Continue reading

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Five Cash Leaks to Avoid

Cash flow improvement is a hot issue for small businesses; in many businesses, it seems like there is never enough cash when you need it. The last thing a business owner wants is to reduce their cash balance unnecessarily. To … Continue reading

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The Fine Art of Prioritization

Running a business usually means putting in over 40 hours a week. In fact, if you’re the typical entrepreneur, you have more ideas you want to implement than you have time for! That’s when proactive, strategically executed prioritization can make … Continue reading

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Estimating Estimated Taxes: 3 Tips

  Determining how much to pay in estimated taxes for the current tax year isn’t an exact science. It’s kind of ironic, really. The taxpayers who could most easily calculate estimated taxes — salaried individuals whose employers deduct funds for … Continue reading

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Have You Been Hacked? How to Minimize Your Risk

Have You Been Hacked?  How to Minimize Your Risk Just about every day, we read in the news that another company has been hacked.  You might have already been directly affected by the password thefts at LinkedIn last year or … Continue reading

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Five Ways to Protect Your Cash

As entrepreneurs, we work hard for our money, and the last thing we need is to have it disappear due to fraud, hackers, or identity theft.  Some people have called 2013 the year of the hacker, which is worrisome.  But … Continue reading

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Is Your Data Backed Up?

Hopefully, you’re already making backups of the data on your business server on a regular basis.  It’s simple to set up data backups automatically and then forget about them until you need them.  But have you ever looked around to … Continue reading

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Seven Strategies to Put the Spring into Your Sales

Spring is here and that’s the perfect time to try something new in your business to make things fresh.  Here are seven ideas to try in your business; pick the one that’s most likely to put the spring in your … Continue reading

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Seven Year-End Adjustments to Make to Your Books

Year-end is coming up for many businesses, and it’d be nice to know what your final revenue and profit numbers will be for the year. Before we can calculate these key numbers, there are year-end adjustments that may need to … Continue reading

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Is Your Business Missing an Accounting Skillset?

Is Your Business Missing an Accounting Skillset? In a small business, the owner ends up wearing many hats to get the product or service delivered, the customers served, and the accounts settled. Within each functional area of a small business, … Continue reading

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Employee Retirement Plans: A Win-Win Situation

Clearly, your employees are winners when you sponsor a retirement plan. But there are advantages for you, too. A few decades ago, many employees could look forward to comfortable retirements. Interest rates on savings vehicles were high. Pensions were well-funded. … Continue reading

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Compliance Checklist: Seven Items You May Have Forgotten

  Running a business is filled with regulations everywhere you turn. These can drain precious time away from the core of your business, but if you ignore them, there could be huge financial consequences you may be risking without even … Continue reading

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Are You Vulnerable to Fraud?

  According to the Association of Certified Fraud Examiners (ACFE), over $3.5 trillion was projected to be lost to fraud worldwide in 2011 alone. The typical organization loses 5 percent of its revenues each year. While we have a lot … Continue reading

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Six Quick Productivity Tricks So You Can Go Home Early

  If you have an endless to-do list, you’re not alone these days. Most of us are constantly looking for ways to work smarter and get more done. Here are six quick tips to help your productivity so you can … Continue reading

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Five Favorite Freebies You Can Steal

  If you’re looking for ways to boost your productivity, technology is a great place to start. The good news is there are many free options available. Here are five favorites you might not know about.

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Create an Easy, Head-Turning Elevator Speech

You’re sitting in a room with 30 other business entrepreneurs. Each of you has one minute to introduce themselves to the group. You are number 25 to speak. Will anyone listen? What can you do or say to catch your … Continue reading

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Seven Ways to Wow Your Clients

One of the main reasons clients leave is because they feel ignored.  The cost of ignoring clients is high; you have to do more marketing and replace those clients when they leave.  The antidote to this is easy:  just stay … Continue reading

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