What is Your Legacy?

Thursday, October 15, 2015

What Is Your Legacy?

All good things must come to an end - including your reign as a small business owner! Eventually you will have to make some choices about the future of your company, when you can’t (or no longer want to) be in charge.

Leaving a legacy starts at the beginning - much like many aspects of small business management. Read More

Setting Salaries

Tuesday, August 11, 2015

Setting Salaries

Payroll day… every small business owner’s least favorite day! Complicated, confusing, yet important and mandatory. Setting initial salaries can often be the most stressful part of this process.

There are some across the board tips that can help a small business owner when setting up a pay scale for employees and for themselves as the business owner. Read More

How To Avoid Financial Pitfalls

Tuesday, August 11, 2015

Financial Pitfalls

Creativity, determination and perseverance are some of the top qualities successful business owners possess. One they often lack is the ability to manage the financial side of the business. More often than not, failure due to financial hardship can be traced back to the very beginning of the process. Read More

What To Do With Late Paying Customers

Monday, July 13, 2015

Late Payers

The scenario is typical: product has been delivered, invoices sent, reminder notifications pushed out, and still no word from the customer. Ladies and gentlemen, you have a late payer! Read More

The Threat Of Debt

Monday, June 15, 2015

The Threat Of Debt

It’s true - raising capital to launch your business may be one of the toughest battles you will face. But let’s not forget the uphill climb that still remains - the threat of debt.

While it is unlikely you will be able to avoid it (and always remember that like cholesterol there is good debt and bad debt), you can certainly manage it. Read More

Cash or Accrual Accounting? Understanding the Difference

Tuesday, May 12, 2015

In the days before accounting programs that easily accommodate both versions, you used to have to choose between the two. Now that’s no longer necessary but it still pays to know the difference between the two.

It’s all about timing. How you are recording and when you are getting paid. Read More