Succession Planning 101

While some days it may seem impossible, hopefully you won’t actually be working forever. For anyone that has built a successful business the question arises of what happens to that business when they are ready to move on to a new adventure, whether that is retirement or an alternate business opportunity. No matter the scenario, […]

Accounting, Apps, and Operations

Running business operations is not for the faint of heart. So many layers dovetail together: scheduling, accounts receivable, inventory, accounts payable, tracking time, point-of-sale processing. It can seem rather endless. Good news for the many small business owners who use QuickBooks: there are many, many apps to support your operations and free up your time […]

Bonuses: What, Why, and How-To

One of the most powerful ways to show appreciation to an employee: a bonus for their hard work. Whether your company is going gangbusters because of their work, they’ve really been putting in extra effort, or even a strategy they were part of is taking off, paying a one-time bonus can bring the team together […]

Is it time to sell?

When is the right time? If you’ve been growing your small business, putting your blood, sweat, and tears into it for years, you might be starting to think about when would be the right time to sell. Maybe you’re nearing retirement, and you’re deciding how much longer you want to work, or perhaps you have […]

Commercial space: To buy, or to lease?

Payment size. Liability. Maintenance. Cash flow. The decision whether to lease space for your business or buy a building or site is a big decision and should be carefully considered. Either way, you should review liability, your budget and expected cash flow, the short- and long-term goals of your company, and how you plan on […]

Motivation and Value: Bonuses and Profit Sharing

Both can motivate employees. Many businesses look to reward their teams and keep the company moving forward with profit sharing or bonuses. Both can help bring team loyalty and a sense of value, as well as improve company performance. We’re bringing you the ins and outs of how bonuses and profit sharing can work for […]

Is a Business Line of Credit for You?

More flexible than a loan, a business line of credit can give you a resource to keep your cash flow strong without jeopardizing your company’s future. Even if you have steady revenue to meet your expenses, that may not mean your cash flow comes in at the rate you need to meet those costs. If […]

When Operations Call for an Employee Handbook

Sometimes you think to yourself: This would be great to have documented somewhere. When you’re running a small or mid-size business, especially one that’s growing, it can be hard to keep up with structures operationally as you’re bringing work in the door and managing clients and projects. But you may be noticing that documenting procedures, […]

Mid-Year Direction

Why reviewing your goals and financials can keep you on the right track  If you take a wrong turn partway through a race, you may not reach the finish line. If you’re chugging along with your business, great! But as mid-year approaches, are all your ducks lined up to hit your goals this year? Checking […]

Launching a business is like putting together a jigsaw puzzle

Launching a business is like putting together a jigsaw puzzle: You can envision the end result, but it takes time, tenacity, and strategy to achieve the dream. Many puzzle experts recommend starting a puzzle by putting together all the edge pieces to create the framework. That’s also a fantastic principle for entrepreneurs. Some of the […]