Small business owners today have a much higher burden on them than in the past. There is much more competition out there today as companies vie for every potential customer, but beyond that, you need to make sure that the day-to-day management of your business is accurate and handled efficiently. You must also stay aware…
Operating a successful law practice can be challenging in today’s world. There are many firms in existence today all vying for the same clients, and the reputation of your firm as one that is successful is important. To show your success, you also need to maintain your financial stability and viability as a firm. If…
As an entrepreneur, you likely place a high value on freedom. When the word “budget” is mentioned, you might cringe and feel like it hampers your freedom. But it’s really the opposite. Here’s why. According to a 2019 article in Small Business Trends, “Startup Statistics – The Numbers You Need to Know,” 82 percent…
You can have ideas for a business that seem like surefire winners but still struggle to have your business reach the levels you hope that will bring you success. Your products, services, and ideas meet the needs of your community and the public, and you feel you have taken the best approaches possible to market…
Business ownership brings many important details that you need to keep track of if you want to be successful, but few may matter more than your financial statement. If you hope to get investors, new partners, or even financial backing from a bank or other financial institution, having these statements for them to examine will…
Your business continues to grow, and what started out as a small operation from your home with just you as an employee has blossomed to an office location with several employees doing work with you now. With your company growing like this, there are going to be more profits, expenses, vendors, contractors, payroll duties, investments…
As a lawyer or a partner in a law firm, you may handle many trusts on behalf of your clients. These trusts can be a significant part of what you do and managing the trusts properly so that they grow and are used correctly by the beneficiaries will be a large part of what you…
Without a doubt, the world has become one that is ruled by technology. Gone are the days where you, as a business owner, kept a hand ledger that had all your debts and credits for your accounting. Most of us today even do our taxes online now, allowing us to fill out forms and file…
Having a business today is much more than just things like operating a website, using social media, offering excellent customer service, or providing high-quality goods and services. Sure, all those aspects will help your business to succeed on one level, but you also have financial responsibilities to your employees (if you have any), yourself, and…
Your company got off to a great start this year, and you are doing better than you could ever have imagined. Profits have been steady, the community supports you well, and you see great growth potential in your future. While you may not be thinking about it right now amid all your success, you do…
