Here’s a hard truth from the US Small Business Administration: half of all new small businesses fail within the first five years, and the number one cause of failure is financial mismanagement. Tough to hear, but as a new business …
Bookkeeping is necessary in any business. As a small business owner, it’s important to recognize that the best practices used by big or conglomerate (Fortune 500) companies also apply to you. Following basic accounting principles is essential for success in …
The Importance of Accounting for Small Businesses 1 Read more »
1. Barter If you have a business you ought to be bartering products and services with various other businesses. You must trade for something before you buy it. Barter deals generally call for little or no cash. 2. Network. Attempt …
10 Effective Ways to Reduce Your Business Costs in a Recession Read more »