The failure rate of startup businesses is a common story. And many of these startups were founded on great business ideas. You might ask yourself why businesses built on brilliant ideas still fail. The answer is usually fairly simple. Having an idea for a business and having an idea about how to run a business are two entirely different things. The … Read More
Giving Yourself More Time
If you can free up an hour a day, you’ll create a month a year for yourself. If you’re a business owner, that could be a breakthrough thought. What would you do if you were able to free up a month a year? Perhaps you’d use it to focus on growing your business. Or maybe you’d simply take four weeks’ … Read More
A CPA’s Keys to Increased Sales
Sarah and Tim own an independent home entertainment retailer, selling televisions, music systems, phones, computers, games and consoles as well as other consumer electronics. Having completed their year-end accounts and tax work, they were looking for increased sales. Their CPA presented the couple with a three-year business performance review, which highlighted three key issues: Sales had declined year after year … Read More
A CPA’s Advice Helps Law Firm
David, the sole practitioner of a law firm, found that his revenue had stagnated and he was constantly facing cash flow problems. David was jolted into action by an honest conversation with his CPA, who asked him how many hours he worked in his firm each year. The lawyer estimated approximately 2,000. The accountant then asked the lawyer to divide … Read More
Benefits of Cloud Accounting
Mary runs a small digital marketing agency with a small team, serving business clients seeking to optimize their potential customers’ experience in interacting with their websites and social media platforms. As the business started to grow, Mary had neglected the financial aspect of her business and found that although sales were increasing, profitability was not. At … Read More
Drafting a Strong Business Plan
Running a business without a strong business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim. And the climb up will definitely be risky. Contrary to popular belief and practice, a business plan is not only a means to securing financing. Instead it is more of a step-by-step guide to running your … Read More
A Promotions Plan That Works
You may have the greatest product ever, but if you don’t tell the world about it with a well-crafted promotions plan, it will sit on the shelves collecting dust until the day comes when you finally have to close down your business. Remember: you know what is great about your business because that belief in its greatness drove you to create … Read More
Why Your Office Layout Matters
With the new emphasis on ‘startup culture’ and the different business philosophies it implies, plus millennials placing a strong emphasis on workplace enjoyment, many companies are looking more closely at their own office culture. While there are many factors that comprise a company culture, an undeniably large part of it is office layout and design. How you design and create your … Read More
Saving Your Small Business Money
Sometimes it’s very challenging to grow a business while also saving your small business money. The more business you’re able to get, the more resources you mostly likely need to satisfy your clients. But in order to increase profits, you have to learn how to grow revenue while keeping your expenses low. Addiction to Spending In case you haven’t noticed, we … Read More
Improving Your Local Marketing Reach
Even with all their deep pockets, large corporations still have problems improving their local marketing. You may not realize it, but you have many advantages when it comes to growing your reach among members of your community. Some of the best ways to do that are through online local marketing. Here are some tips on how to get your brand out … Read More