Reasonable compensation is a term you may want to be familiar with when valuing your company.  As business owners, we have the privilege and responsibility of setting our own wages.  How much we take impacts the profits we report on our financial statements. The health of our financial statements impacts all the dealings we have… Read More

7/7/17  Five Ways to Streamline Your Payroll Process   For business owners with employers, payroll is a necessary task that can slow your day and tie you down if you let it.  If you’re looking for a way to make payroll less time-consuming, here are five ideas you can put to good use:   Employee… Read More

6/22/17  Cool Apps: Chatbots   In the last year, chatbots have exploded. A chatbot, short for chat robot, uses artificial intelligence to imitate a conversation with people. One place they have exploded is the Facebook Messenger app, which is a free instant messaging platform.   To get Facebook Messenger, you can download the app on… Read More

6/8/17  Do You Have Past Due Accounts?   If you perform a service or ship a product before you get paid, then you likely have a balance in your Accounts Receivable account. If customers pay when their invoice is due, all is right with the world. If they don’t, then your cash flow slows down… Read More

5/25/17  Eight Ways to Increase Your Profits   Increasing your profits might sound like it’s an unattainable dream just out of your reach. But there are a finite number of ways that profits can be increased. Once you understand what they are, you’ll have clarity on how to best reach your goals.   There are… Read More

1/11/17  Start the New Year with a 2017 Profit Plan   Are you ready for 2017 to be even better than 2016?  If so, take a few minutes to reflect on the questions below and take action to set your 2017 profit plan. Question 1:  What were the three best business things about 2016? No… Read More

6/13/16  Seven Small Business Risks You Might Not Know You’re Taking Running a small business is often about taking and managing risks. Market risks are normal but business and tax risks are another thing altogether.  Most business and tax-related risks can be managed as long you know about them.  Here are seven small business risks… Read More

1/13/16  Will 2016 Be Your Best Year Ever?   If you want 2016 to be better than 2015, you have to do something differently in 2016 than you did in 2015.  It’s a simple but profound realization.  Change brings the opportunity to make things better; it can be scary yet exciting at the same time.… Read More

12/30/15  Get Finance-Savvy with 10 Accounting Terms It’s good to know some basic accounting terms, and here are ten terms with friendly definitions for your review. Asset:  Essentially, assets are what you own.   These include your bank accounts, business equipment, and even the amounts that customers owe you. Revenue:  Revenue is what you make.  Another… Read More

12/28/15  Cool Tech Tools:  Automate Your To-Do List Keeping a to-do list is a great way to be productive, avoid having things fall through the crack, and unclutter your brain.  How you maintain your to-do list varies: some people use pen and paper because they love the feeling of crossing tasks off, others use Excel… Read More