It's no secret that disasters happen even in business. But are you ready for it? How much money do you need in your emergency savings (Rainy day fund) to help you in the case of those moments? This question is the question we are going to tackle today. First, we need to determine what your current monthly expense is in your small business. If you use a bookkeeping software, this will be pretty easy to do. Print out last years, Profit and Loss report (P&L) and categorize it by … [Read more...]
How to Save More Money in Your Small Business
As small business owners, we must control our spending and make sure we are spending and saving in the right areas of our business. This month I will be discussing different ways to do just that. I broke these posts down into 7 categories: I hope you find it useful. 1. Posts about Outsourcing Tips to Save Time and Money: Remember: you don't have to do it all. We all have the tasks we can get someone else to do. Determine how much you can afford someone else to do first, then decide on what you … [Read more...]
3 Important Things You Need To Know About Data Entry
I have offered bookkeeping services for about 10 years now and there are 3 important things you need to know about data entry when venturing into your new small business. You can get into real trouble if you don't have your bookkeeping in order. Here we go. ALWAYS start your business with a good bookkeeping application and process! Whether it is QuickBooks Pro, QuickBooks Online, Quicken, or any other software or online service, the application needs to be established. Spreadsheets are OK if … [Read more...]
9 Ways To Market Your Business On a Budget
These days, a small business needs to be in front of people more frequently than ever before. There are so many distractions that may take the potential customer away from you. Though, as small business owners, we need to have strategies in place to be able to consistently market our small businesses on a regular basis with little money when necessary. Here are nine(9) tips to stay on budget while doing small business marketing. Write regular blog posts on your websites. Research other … [Read more...]
Easy Tips For Small Business Owners Retirement Plans
If you think you can't save for retirement because you are self-employed think again. Recently, there was a BMO Wealth Management study that surveyed 400 small business owners, and the results were eye-opening. When asked how much they have saved for retirement, 75% of them said less than $100,000. But, this doesn't have to be this way. My goal here is to introduce you to the type of accounts and what is available so you can be more informed and be able to ask questions and truly understand … [Read more...]
Ways To Share The Love – Affordable Holiday Thank You Gifts
When I started my business, my funds for holiday gifts were very small. So, because of this, I had to decide a way to give thank you gifts that were affordable for my growing business. If you just started your business, here are some holiday thank you gift tasks and tips for your clients that won't break the bank. First, determine what you want to give to your clients/employees and what the budget will be. Pick a gift that your recipients will really enjoy. Here are some ideas on what to … [Read more...]
9 Things Every Owner Needs To Know About Accounts Receivable
Everyone wants to be paid for their service, right? We don't want to have to call and remind the client to send the check day in and day out. We want our clients to be trustworthy and pay when the bill is due. At one time or another, we all have dealt with someone paying late. It makes us feel unappreciated. Doesn't it? I know it does for me. To help you minimize your accounts receivable issues, I am sharing these 9 things every owner needs to know about accounts receivable. Accounts … [Read more...]
Splitting Your Energy Will Take Your Eye Off Your Main Focus!
Splitting your energy will take your eye off your main focus image. Keep this in mind whenever you do tasks and it will save you lots of time and money. Feel free to share with your coworkers and bosses! Have a productive day! Please note these are affiliate links through Amazon and at no additional cost to you, I will earn affiliate fees if you decide to make a purchase. … [Read more...]
