Did you know that poor inventory management is one of the top eight reasons why businesses fail? Furthermore, did you know that 43% of small businesses do not track their inventory or use a manual process? Statistically speaking, that’s a lot of small businesses that are doomed to fail. We don’t say this to…
“I love doing my own bookkeeping!” said no entrepreneur, ever. Enter: virtual bookkeeping—the easiest, quickest, and cheapest way to offload this loathsome task onto someone else. Best of all, you’ll never even have to look that poor soul in the eye. In all seriousness, virtual bookkeeping has a unique set of advantages that differ…
Many small business owners view bookkeeping as a necessary evil. But the truth is, bookkeeping can either be your greatest friend or your biggest foe. When done correctly, accurate financial records can be used to measure success and guide future business decisions. When done incorrectly, however, the consequences can be severe, with penalties that may…
This is a guest post from Graphic Rhythm Designs. For succeeding as a business, it’s essential to deliver high-quality service and products that add value to the lives of your customers. But in a competitive marketplace that’s not sufficient. You got to create a positive association with your name and stand out in the mind…
This is a guest post from Graphic Rhythm Designs. Why did you start your venture? If you’re like most entrepreneurs, then it was one of the following reasons: You wanted freedom from your routine, You were passionate about an idea and wanted to bring it to life, You desired to make more money than you…
After hitting just over 100 Amazon seller clients I felt like we were pretty well qualified to write a book on how to do bookkeeping for Amazon sellers! We have mostly FBA private label sellers, but also a good mix of wholesale, retail arbitrage and multi-channel sellers we work with. Very few other accounting firms…
Prior to my current role in software implementation, I worked as a bookkeeper while getting a degree in Accounting. After graduation, I really had a passion for cost accounting and wanted to work with businesses to help get their inventory and processes under control. Now, I work with many small to mid-sized businesses to implement…
One of the most prominent definitions of ‘startup’ term was coined by Paul Graham, a programmer, entrepreneur and an essayist. While most other theoreticians tried to connect ‘startup’ word with advanced technologies or newly founded companies, he said that startup enterprises are those that are designed to grow fast. This fast company growth is in…
Everyone who has ever worked in a company that has more than one employee knows how important human relations are for creating a healthy and productive working environment. And it is human relations that have been considered as the most important factor for business success. However, the latest studies showed that almost 90 percent of…
If you spend any time at all reading about or researching entrepreneurs you will very soon come across people discussing the “Aha! moment”. This is usually synonymous visually with the light bulb going off over someone’s head (do a google image search for good idea and see what happens). In person it’s a look on…