The best way to evaluate the success of your business is to use key performance indicators, or KPIs. These indicators are core metrics which are used to monitor progress toward financial results and main goals within a company. The values which are used to assess success can help you make key decisions about your own business’s development and growth. (more…)
Feeling overwhelmed with financial and accounting tasks? Have you ever wondered when it’s time to outsource some of your bookkeeping?
As a small business owner, one of the most important decisions you can make is whether to keep your accounting in-house, or to outsource it to a specialist. (more…)
If you’re a small or medium sized business or freelancer, invoicing can feel tedious, but it is essential in maintaining a positive cash flow. Being paid on time means that you need to be proactive in establishing a system that works with your clients’ needs as well as your own, and certifies you as a professional.
Do you find yourself wishing you had finished your taxes faster each year? Being quick off the mark means potential savings and reduces a whole lot of stress.
Filing taxes is obviously an important part of running your business, and can be overwhelming. Planning ahead, being organized, and getting them filed quickly means you can finish filing before the deadline, and focus on your business. (more…)
Starting a new business is exciting. You have a passion for your product or service, you think you’ve identified the market for it, and you dive in after doing your research. But the statistics are harsh: a full 50% of small businesses fail within the first five years of operation. By year ten, this number skyrockets to a full 70%! And according to the US Small Business Administration, this number can vary so much that the failure rate can be as high as 95% by year five. (more…)