What Form Should Your Business Be?

Flickr Pie Charts And Free Accounts

Basically, there are three forms that one can use to start a business:  a Sole Proprietor, a Partnership or a Corporation.  Of course,  there are variants to these forms. Brad Sugars wrote a couple of articles for Entrepeneur magazine about this. This blog is about Partnerships, my next blog is on Corporations. Avoid These 7 Partnership… Read more »

A Bookkeeping Program for Small Business

Bookkeeping programs

A bookkeeping program for small business is more than asking and answering the question “which software should I use?”  The accounting software is just the beginning of what a small, growing business needs to have in order to record the transactions, protect the interests of the owner(s) and help the business owner(s) achieve his/her goals. Here… Read more »

Do you have a written budget?

Every Paycheck Excel Spreadsheet

Some small business owners don’t see the need for a written budget while some have a budget but never look at it once it’s done.  Other businesses, perhaps your competition, have a written budget and use it to run and operate the business more efficiently.  The last quarter of the fiscal/calendar year is not the… Read more »

Crackdown on Misclassifying Employees as Independent Contractors

Hands That Are In Handcuffs

The Department of Labor and the Internal Revenue Service are both cracking down on the misuse and misclassification of employees as independent contractors (W-2 vs. 1099).   Following is an article written by B2B CFO® partner, Roger Kohl. Classifying employees as independent contractors is a hot button with The Department of Labor (DOL). It is anticipated… Read more »

Working Capital: The Good, The Bad, and The Ugly

Boy Dressed As Blondie

Working capital is the excess of current assets over current liabilities and is a financial measure of liquidity or ability of a business to meet its obligations.  Current assets include cash, accounts receivable, inventory and other assets that are expected to be converted to cash within 12 months. Current liabilities include accounts payable and accrued expenses… Read more »

World’s Simplest Management Secret

Keep It Simple Stupid

Here is a blog written by B2B CFO® partner Ray Rucksdashel.  I think it’s worth sharing. Whether you manage 2 people or 2,000 people; whether you manage clerical types or you manage senior-level managers, the challenge is the same – how do you motivate the people that report to you (your “direct reports”) to do what you need when you need… Read more »

Employee Turnover – Problem or not?

Worry Pretends To Be Necessary

Not worried about losing your best employees? You should be. The economy is still fragile in some areas. Unemployment is still high. You have no concerns that your employees will leave you. And if they do happen to leave, it will be no problem whatsoever to replace them. That seems to be the consensus according… Read more »

Managing Insurance Costs

Scrabble Spend On Top Of Dollar Bills

Every business needs to be covered by various forms of insurance. However, it’s often misunderstood that small companies do not face the same exposures and risks, and therefore do not generally require certain forms of insurance. This is not necessarily true. In fact, a small company will have a far more difficult time recovering from… Read more »