One of the side effects of our last economic slowdown was in state government budgets; states searched hard for new income, and many of them found a great source by cracking down on sales tax collections. We have seen a lot of this in California. A new hot buzzword regarding this is – nexus. Nexus […]
Category Archives: General Business
How much time do you spend each day looking for information about orders, customers, vendors, or employees? If it’s a lot, a little spring (or summer) cleaning might pay off. Here are five quick tips to assess and improve your information access. Your Librarian Large companies often have a librarian on staff that is in […]
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Bank reconciliations. You know you should do them, but why? What is a bank reconciliation? What should you look at after you have performed a bank reconciliation? How often should reconciliations be done? What is a Bank Reconciliation? A bank reconciliation is a comparison of what the bank says your balance is to what your […]
Many small business owners focus on generating more revenue every year, and that’s a great objective. But not all revenue is created equally. If you sell more than one product or service in your business, then you can benefit from looking at your revenue mix. Although it’s fun to watch our revenues grow, it’s the […]
Every sales lead is precious. It takes a lot to get people’s attention these days, and once a lead or prospect comes in your door, you’ve accomplished that hurdle, but now you have another one: getting the business. To ensure you can turn those prospects into paying customers as often as possible, here are three […]
As we move into the fall season and the final quarter of the year, it’s a perfect time to commit to a project in your business that will help you reach the year’s end in better shape. Here are five ideas: 1. Back-to-School Time If payroll expenses are one of the higher costs in your […]
Cash flow improvement is a hot issue for small businesses; in many businesses, it seems like there is never enough cash when you need it. The last thing a business owner wants is to reduce their cash balance unnecessarily. To help you preserve or increase your cash, here are five cash management leaks to avoid. […]
Running a business usually means putting in over 40 hours a week. In fact, if you’re the typical entrepreneur, you have more ideas you want to implement than you have time for! That’s when proactive, strategically executed prioritization can make all the difference. So Hard to Choose If you have lots of ideas in your […]
Just about every day, we read in the news that another company has been hacked. You might have already been directly affected by the password thefts at LinkedIn last year or Evernote this year. Or you might have had your own social media account, email, website, network, or computer hacked. Worse, many of you have […]
Hopefully, you’re already making backups of the data on your business server on a regular basis. It’s simple to set up data backups automatically and then forget about them until you need them. But have you ever looked around to see if there are any gaps in your backup strategy? Here are seven places to […]