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If you’ve just started a small business, then you’ll well know how tight cash can be in the early months. With start-up resources (including tools and materials, business insurance, and human labour) eating up your business loan, you may be questioning the viability of your enterprise in the long-term. But don’t despair prematurely: by instituting […]
When I ended my marketing company in 2014, I didn’t know my next career step. I was open to the possibilities of working as an employee for another company, starting a new venture, working with business founders as a freelancer, or doing something completely different in the nonprofit arena. It turns out freelancing would initially […]
In 2015, the Wright family of Wilmington, North Carolina, opened a small business, a coffee shop with a staff determined to make a go of it. A full list of specialty coffee drinks and a menu featuring breakfast and lunch items got the new venture off to a good start, but there was much more […]
Starting a business is nothing to take lightly, but these days it’s easier than ever to become your own boss. With advances in technology, we’re now able to use crowdfunding, social media and e-commerce sites and smartphone apps to build a business from the ground up and nurture it into success from the comfort of […]
How accounting services are embracing digitalization Accountancy has undergone major transformations in the recent past. One of the most remarkable of these changes is the introduction of accounting digitalization into the profession. Cloud computing has brought massive advantages in the way accountants are doing their work. For starters, it has made accountants be more responsive […]
As a restaurant owner, stepping into your accountant’s office can be the start of a nightmare, especially if it’s bad news and your business is losing money. The good news is, it is easy to plug holes in your budget if you figure out where the leaks are. Many businesses overlook simple spending mistakes that […]
With a growing business, it’s difficult to keep track of finances. Or, if you are looking to sell off your business soon, you know how much valuable clean books are. Therefore, you must always have a good bookkeeper on the job to maintain your books, and keep them clean and updated. Though there are many […]
Finance comes at a cost, so deciding whether or not it’s worth taking out finance essentially means looking at the cost of the finance versus the benefit of what it will allow you to afford. In the case of home improvements, there are four points it may be helpful to consider in order to take […]
Every business or organization essentially has two financial flows — revenue and expenses. You could also look at this in a more simplistic manner and define them as money coming in, and money going out. Money coming in is, obviously, what keeps a business afloat and allows it to operate for any extended period. However, […]
How to Improve Cash Flow for Your Startup When you have a startup, resources are often limited, including your cash flow. Unfortunately, you need a decent cash flow to reinvest in your business, so that it can flourish, grow, and ultimately become more profitable. With some creative thinking and resourcefulness, you can improve the cash […]