How should I track these metrics? Though it’s quite common for small business owners to have a spouse or family friend “do the books,” effectively managing your small business’s finances goes beyond bookkeeping. Properly strategizing for your company’s future, as …
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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 …
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