As a small business owner, you may feel as though you have limited options that are both affordable and effective when it comes to accessing professional advice from a financial expert. However, virtual CFOs fit the bill and are changing the landscape of small...
“Work smarter, not harder” is a saying that most of us are familiar with. But how do we actually apply this concept when it comes to running a successful small business? One of our recent podcast episodes featuring bestselling author, Penny Zenker and Remote Quality...
Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it's the only thing that ever has. ~ Margaret Mead As a small business owner, have you ever considered giving back to your local community, supporting a charity or getting...
Many businesses across the country are making the switch to cloud based accounting. In fact, in the e-book, The Appification of Small Business, Intuit forecasts that close to 80 percent of small businesses will be “fully cloud operational by 2020.” Despite this...
Lambert know the glass industry Rhonda and Greg Lambert know the glass industry. They know how to operate a five-location, multi-state business that has seen substantial growth over more than a decade of operation. They also know what it takes to keep their company’s...
In our last blog post, we covered the three financial statements every business owner needs to know. These are the balance sheet, income statement and statement of cash flow. Now that you have a good understanding of the main financial statements and their components,...
This month, we will explore three financial statements every business owner should understand. They are : The balance sheet The income statement The cash flow statement While we don’t recommend doing the books yourself unless you are bookkeeping professional, trying...
Understanding the Importance of Budgeting The start of a new year often brings with it the feeling of new opportunities. In some ways, it feels like we have a clean slate or an opportunity to make a brand new start. We often try to set goals and make resolutions for...
As 2016 comes to an end, it’s the perfect time for small business goal setting that will motivate you for success in the New Year. Without clearly defined and measurable goals, your small business may struggle to find direction and you may begin to “lose steam.” Goal...
2016 is quickly coming to an end. As you start to make holiday plans with your friends, family members and colleagues, be sure to put a big red circle around a very important date on your calendar: December 1, 2016.This is the date that the Fair Labor Standards Act...
The Affordable Care Act (ACA) is commonly called ObamaCare because it was enacted by President Barack Obama in 2010.This Act has introduced significant changes to the health care system available to United States citizens and residents. In order to determine how the...
The Fair Labor Standards Act of 1938 sets the standards for overtime pay and the basic minimum wage. Back in April, we wrote a popular blog post that looked at the Department of Labor’s (DOL) proposed changes to this Act. We spoke about how important it is for small...
