by Rob Condie | Aug 31, 2023 | Biz Tips
Knowing the difference between revenues and expenses is pretty clear without much more background information and is critical for business functions, but knowing the difference between an asset and a liability is a little more complex and that knowledge can go a long way. The one that most people typically don’t know much about, or even where to find it, would be their equity in a business. Equity is the amount the owner or shareholders would get back if the business paid off all its debt and liquidated all its assets.
by Steen Stovall | Oct 6, 2022 | Biz Tips
Inadequate cash flow management can cripple a small business and is one of the major causes of small business or start-up business failure. Here are seven tips to avoid cash flow problems at your small business. Plan Appropriately and Plan Often The real key to...
by Cindy Unger | Aug 11, 2022 | Biz Tips
As a Business Advisor, I ask almost every start-up entrepreneur I work with if they have any bookkeeping experience. The reply I get is often accompanied by a look of panic. New entrepreneurs excited about realizing their dream of starting a business often gloss over...
by Rob Condie | Mar 24, 2022 | Biz Tips
Those looking to start or grow a small business inevitably run into the accounting systems vs Excel worksheets matchup when tracking their finances. If you have ever wondered about the capabilities of the two and what would be best for their business, then this...
by Bruce Morse | Sep 23, 2021 | Biz Tips
It goes without saying that every business strives to build a professional team of employees to serve their customers. But not everyone sees the importance of building a team of professionals to serve the business. Let’s talk about that. It is rare to find a...
