The beginning of the year is an excellent time to focus on your business’s financials. It’s important to reflect on the past year and set goals, strategies, and action plans for the upcoming one. Analyzing financial reports, creating effective marketing schedules, collecting receivable payments, assessing employee engagement levels, and planning ahead for infrastructure needs can help ensure that your business is successful. Let’s take a closer look at what should be done when it comes to finances before you launch into the new year.

Starting a business is one of the most rewarding yet challenging experiences a person can have. But it’s no secret that the odds are stacked against entrepreneurs. According to research, nearly one in every twelve businesses close each year due to an array of factors. From insufficient capital to lack of customer traction, there are numerous reasons why a business may not make it. So, let’s take a look at some of the major factors that can cause your business to fail and strategies for mitigating risk and ensuring success.

Knowing your business drivers and key performance indicators (KPIs) is essential for any entrepreneur or business owner. Business drivers are the factors which determine the success of a company. They can be both internal, such as sales, cash flow, employee retention, and client retention; or external, such as market conditions or customer demand. Key Performance Indicators (KPIs) are actionable metrics that measure progress towards goals related to each driver. In other words, they show how well your company is doing at achieving its objectives. Having the right KPIs in place allows you to track your performance over time and make adjustments as needed to ensure continued success. Let’s look at some of the ways you can identify and monitor these important business drivers and KPIs.

For small businesses, the challenge of staying afloat in a competitive market can be daunting. With limited resources and time, it can be difficult to keep up with the demands of running a business while still having enough energy to focus on growth and success. Investing in outsourced accounting services is one way small businesses can gain a significant advantage over their competition. Let’s take a look at what outsourced accounting services are, why they are important for small businesses, and how to choose the right service provider for your needs.

Do you want to know how to increase profitability in your business? Making a plan and tracking progress is key. But there are also other steps you can take, such as focusing on processes rather than scaleable solutions alone, that can help you reach your desired profit levels. In this blog post, we will discuss the steps for increasing profitability in a business.

If you’re an entrepreneur or a business owner, you know that in order to succeed and grow, you need to understand the stages of business growth. There are several stages of business growth – existence, survival, success and take-off – that all businesses go through. We'll work with you each month to help you have a growing and more profitable business.