Category Archives: Management Tips

Shortcut Your Management Time with Exception Reporting

  Do you spend a lot of time reviewing stacks of reports each month so you can get the information you need to make decisions?  Do you find out after the fact that something went wrong in your business and … 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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Do You Know Your Weakest Business Link?

Do You Know Your Weakest Business Link?  You’ve already built a solid business that you have great pride in.  Yet, if you’re like most entrepreneurs, you’re on a constant search for how to make your business better.   One way 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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Create a Theme for a Prosperous and Meaningful New Year

It’s almost 2014, and at this time of year, it’s natural for us to pause and reflect on where we’ve been and where we want to go.  For business owners, it’s especially important to raise our minds above the daily … 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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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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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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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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Travel Expenses Too High? Revisit the Tax Rules

You know that your travel expenses are excessive, but you don’t know how to rein them in. Here’s a brief refresher. Business travel expenses are often a necessary evil, especially if your company’s sales reach spans the globe. Services like … Continue reading

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What is Cloud Accounting?

  One of the most exciting changes in the accounting industry is cloud accounting.  The concept is easy to grasp:  cloud accounting simply puts your accounting system in a private space online so that it is fully accessible to you … 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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Use QuickBooks’ Tools – and Common Sense Procedures – To Prevent Financial Fraud

You work hard for your money. Strong internal controls can keep it from disappearing unnecessarily. You trust your employees or you wouldn’t have hired them. That’s what everyone says as they watch a valued staff member being hauled off in … Continue reading

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Planning for an Awesome 2013

For business with fiscal years that coincide with the calendar year, the slate of revenues and expenses will be wiped clean on New Year’s Day. Starting with a clean slate gives us a chance to reflect on our 2012 results … Continue reading

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Say Goodbye to 2012 and Ready QuickBooks for 2013

End of the year. QuickBooks has been hard at work for the past 11+ months, recording and tracking and storing all of that financial data that you’ve entered so faithfully.

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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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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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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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