When I think of teams, I automatically think of sports. I’m a sports fanatic. I especially like team sports such as basketball, baseball and football. If you are a fan of sports, you can learn a lot of lessons that can be applied to your business. There are a lot of similarities with corporate teams [...]
Simple systems are the best systems. A lot of small business owners don’t have the money or the time to program or develop widespread systems. I have found that there are a lot of resources available at no cost and require virtually no time to implement. One that I use frequently is the template section [...]
Before you being keeping “the books”, There’s a few things that you need to understand. I promise it’s not that difficult. Here’s the first lesson. There are two different methods of accounting for a company’s transactions: Cash and Accrual. You might have heard them referred to as Cash Basis or Accrual Basis. The only difference [...]
As promised, here is an expample of a business (actually 2 businesses) that didn’t take the time to update their accounting records. This is a repeat post… It only takes 30 minutes to 1 hour a day MAX, for most small business owners, to update their accounting records. This pre-selected time will ensure you have [...]
Whether you want to admit it or not, every entrepreneur needs to learn some basic accounting procedures. Here’s why… Accounting can be seen from 2 different views. The first is from the eyes of the non-accountant. Words that enter their minds are boring, mundane, an expense, required, structured, records, paperwork, confusing, taxes, CPA’s, nerds (I [...]
