Running a new business can be a daunting endeavor. As soon as you form a business, you'll face many important decisions, ranging from mundane to critical. While much of what you must learn comes through trial and error, other lessons can be learned by observing what other business owners have experienced. Here are seven tips to help you hit the ground running.
Tags: Accounting, cloud accounting, business, cash flow
This has been a rough year for many businesses in a broad range of industries - perhaps including your company. As the New Year beckons, you might want to reward employees who rose to 2020's considerable challenges and outperformed. One approach is to reward loyal workers with year-end bonuses.
Read MoreTags: employee benefit program, year-end bonuses, employee incentives, reward employees, bonuses, morale-building
Managing cash flow is one of the biggest challenges involved in running a small business. Thankfully, there are a few secrets you can use to keep the dollars flowing.
Read MoreTags: Tax, Accounting, cloud accounting
We hear the term bandied about with impunity in everyday conversations. Our smartphones remind us that we ought to set up our cloud storage sync so our family photos don’t obliterate what little space we have in our device’s memory. Sales representatives tout the fiscally friendly advantages of accessing apps hosted in the cloud: “Don’t buy that software license, save money and use it through our software as a service!” Amidst all the banter and casual handling of what has become a high frequency conversation piece, we may find ourselves thinking, “is it really so great, all this cloud surfing?” or even “what IS the cloud?” Herein I will dissolve the riddle of “what’s remote and accessible and used all over!?” and describe how, when it comes to accounting, it seems that the cloud does, indeed, have a silver lining.
Tags: Entrepreneurship, cloud accounting
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