Finding the money to grow your business can be a challenge for sure. We have discussed bank financing and borrowing from relatives, but what other options are there? In some states such as Connecticut, there are programs that will loan or grant you money for creating new jobs in the state. While these job creation Read more about What other options are there for business growth financing?[…]
QuickBooks can be a great accounting tool for a small business. It quickly allows you to get started up for tracking your income and expenses without having to be an expert in accounting. It even allows you to start with template charts of accounts for different types of businesses so that you don’t have Read more about How do I get the information I need out of Quickbooks?[…]
Financing a small business can be very difficult and very stressful. When you have a great idea and want to get started, you need to determine how much startup capital you will need, and you will likely need more than you anticipate. It you have family members with financial means, it can be tempting to Read more about Should I ask my family to make an investment in my business?[…]
There is a trend in small businesses to offer employees unlimited vacation time. The reality is that for many small businesses, they would essentially do this for their good employees anyway. While there is usually a policy that indicates how many days or weeks an employee would get, if you have employees who are going Read more about Unlimited vacation time? Really???[…]
The concept of automation is not new. Neither is the idea of using “robots” to do things that humans were previously required to do. However, the idea of being able to afford any of this in a small business has been far out of reach as automation was widely considered an “enterprise” concept. Good news Read more about Can I use robotic process automation (RPA) in my small business?[…]
As a parent, one of the most moving lines I have ever heard from a movie was Mel Gibson in the movie Ransom when he was talking to the kidnappers and he screamed “Give me back my son!”. He was clearly scared, angry, emotional and felt completely helpless. While the stakes are not the same Read more about What is ransomware and do I need to be concerned about it?[…]
One of the easiest downfalls in a new business is forgetting what you spent and losing receipts. If you fail to properly record your expenses, you will miss out on tax deductions as well as lose sight of what it takes to properly deliver your product or service. Fortunately, the days of the shoe-box of Read more about How do I track expenses when I am on the road?[…]
When you start your own business, it is easy to get overwhelmed with the paperwork involved in running the “business” part of the business. Staying ahead of the accounting is critical at this point because falling behind will create a nightmare mess to be cleaned up later. While you can start by tracking your income Read more about How do I track income and expenses in my new small business?[…]