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10 Financial Questions Every Business Owner Should Have The Answer To
There are many accounting tasks that can be delegated, such as data entry and reconciliation, but high-level accounting decisions cannot be delegated. I wrote this article in the hopes that it will provide a clearer picture on how business owners can make more informed financial decisions. Are you at risk for any cash shortfalls in…
Creating Engaging Meetings: It’s Not the Agenda, It’s You
Let’s face it: if your meetings are boring and unproductive, it’s not because you need a new agenda template or a fancy icebreaker. It’s because there’s something way bigger going on—and yes, it might have something to do with you. Meetings are just the tip of the iceberg when it comes to organizational health, and…
Pros And Cons Of Outsourcing Vs. In-House Bookkeeping
I wish I could say there’s a magical formula or a line to draw in the sand to determine whether the books should be done in-house or whether it’s better to outsource. First of all, the answer is a solid “depends.” You also aren’t dealing with a binary choice; there is a spectrum of options…
The Cash Flow Forecast: Roadmap To Financial Success
Side note: I’m playing around with AI for concept images. It’s been a bit amusing to see what images I get as a response. It took me a half-dozen attempts to get an image of zoo animals sitting around a conference room table. I ended up opting for a group of actual humans for the…
When Your Unicorn Employee Gives Two Weeks’ Notice
There is a sad and preventable affliction that seems to affect almost every service-based business (and not just the small ones): denial. Specifically, it is inevitable that every employee is going to leave, and you probably won’t keep your employees until they retire. Yet, I’ve seen business owners and leadership teams put their companies into…
How Not to Hire a Marketing Agency
For ten years of my career, I did a heavy amount of writing for clients who paid me to help them get their message out. I haven’t provided writing-for-hire services in years, but I still find myself putting my copywriter hat on frequently. In recent months, I’ve considered hiring someone to help me with my…
10 Reasons Small Businesses Don’t Hit Their Numbers
Underpricing As counterintuitive as it sounds, you can lose business by not charging enough. Good customers, who appreciate the value of things, will tend to avoid buying the cheapest solution because they will equate low price with low quality. The customers you do get will be a pain in the ass. They complain, blow up…