Running a small business comes with its unique challenges and opportunities. One crucial aspect that can determine the success or failure of your business is effective money management. By implementing essential financial strategies, small business owners can not only stay afloat but also thrive in a competitive market. In this article, we will explore key […]
There are many deadlines in life, but none are as frightening or consequential as April 30th. The April 30th tax filing deadline is the bane of taxpayers everywhere. Missing it can cause you both penalties and angst. Hopefully, you will never miss the tax filing deadline, but if you do, here are the steps that […]
For some entrepreneurs, the end goal is to sell the business. Some merely want to achieve financial security, while others will use the cash as capital for another venture. Whatever your reason, you will need to be careful. You need to make sure that your business has no deal breakers that can prevent would-be buyers […]
You have spent a lifetime building your business. You have spent an equal amount of time building a healthy and happy family. Now you are thinking about retirement. The big question is whether it is time to turn over the reins to your kids.
When the business you started is in the family, it can seem […]
Working with an experienced accountant is a great option for managing the financial details of your small business. An accountant doesn’t only handle the tasks of managing your finances, they can also offer valuable insights. When you use an accountant, you can spend more of your time focusing on other areas of your company.
Here are […]
Many business articles in recent months have focused on “Quiet Quitting.” This article will review what “Quiet Quitting” is, and how it is impacting your business.
“Quiet Quitting”: A Definition
Although it seems like the phrase “Quiet Quitting” came out of nowhere to become the most-discussed business topic of recent months, it has actually been around for […]
Key Advantages You May Have Overlooked
Micro-Sized businesses have become more commonplace in recent years, driven in part by the move toward gig work and changes in the economy overall. Many owners of these businesses do not think they are big enough, or important enough, to need a separate bank account. That perception is mistaken. No […]
There are a lot of things businesses can invest in to help them grow and be successful. However, there are also a lot of things that businesses should avoid investing in – lest they waste their precious budget! In this article, we will discuss four things that companies should think twice about before investing.
#1: Fancy […]
If you are in a business that sells products or services, a time will come when you’ll need to increase prices. The price of materials goes up, overhead costs rise and labour costs are always a battle to control. At some point, you will need a price increase to stay profitable. This can be tricky […]
A recession can be a scary time for small businesses. Sales go down, customers disappear, and people get nervous. It can be difficult to keep your head above water. However, with a little preparation, you can survive the recession and come out stronger.
What Is a Recession?
It’s important to understand what a recession is. A recession […]
