Running a small business is a demanding task, requiring you to wear many hats, from managing operations to marketing and customer service. Among these responsibilities, bookkeeping and accounting are crucial for the financial health and sustainability of your business. While it may seem daunting, effective financial management doesn’t have to be overly complicated. Here are some essential bookkeeping and accounting tips to help small business owners stay organized, compliant, and… Read More
Business Best Practices
What’s the Value of Your Business?
Like most business owners, you have probably invested a lot of energy into growing your business. And like other business owners, you probably hope to exit your business at some point in the future with enough money to ensure your financial security. When the time comes to sell your business, you’ll have to determine its fair market value (FMV) to ensure you’ll receive a fair price. Since it is a… Read More
Business Insurance — A Critical Safeguard
An unexpected drop in sales, a competitor opening across the street, the loss of a key employee. Planning for these types of contingencies can be vital to the long-term success of a small business. Equally important is having appropriate insurance coverage for protection against financial losses resulting from accidents, natural disasters, lawsuits, and other risks. Conducting an annual insurance review can help ensure that you have the right insurance for… Read More