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Mark-Up Or Margin, Are You Confused?

Mark-Up Or Margin, Are You Confused?

Perhaps the most shocking is the fact that the commonest type of search which finds my site goes something like “What markup do I need for a 25% margin?”
“Why”, you ask, “do you find that …

Do You Make These 7 Deadly Cash Flow Mistakes?

Do You Make These 7 Deadly Cash Flow Mistakes?

Managing cash flow is every small business owner’s most important function. Avoid these seven deadly mistakes to make sure you aren’t creating cash flow problems in your business.
1. Using the “Fly By The Seat of …

The Secret To Successfully Managing Your Business Cash Flow

The Secret To Successfully Managing Your Business Cash Flow

In any business, no matter how big or how small, there is one eternal truth and that is, “Cash is king.” Cash flow is the lifeblood of your business and you need to know how …

Business Owners Need A Rock Solid Bookkeeping System

Business Owners Need A Rock Solid Bookkeeping System

A reliable bookkeeping system is critical to the success of any business. Bookkeeping is too important to be put in the hands of anything less than a professional.
Inexperienced entrepreneurs tend to avoid or overlook the …

Seven Secrets To Forecasting A Rock Solid Cash Flow

Seven Secrets To Forecasting A Rock Solid Cash Flow

Cashflow is the oxygen that brings your business to life. As surely as you cannot live without air, a business will grind to a halt if starved for cash.
A cashflow forecast will include estimates of …

Differences Between Cash And Accrual Basis Accounting

Differences Between Cash And Accrual Basis Accounting

Many people that are new to the world of small business do not realize there are two distinct forms of accounting. Determining which method is best is important for yourbusiness. But how can you make that decision if you …

4 Ways To Stretch Your Buying Power

4 Ways To Stretch Your Buying Power

The ability to stretch the buying power of your company can be crucial especially when finances become tight. And telling your suppliers the check is in the mail when it really isn’t is a habit …

Your New Business And Budgeting Your Money

Your New Business And Budgeting Your Money

Running a small business means making choices on a day to day basis. Many of the decisions you will make for your business will involve money. How you spend your money during the early stages …

It Is Critical That You Track Your Employees Expenses

It Is Critical That You Track Your Employees Expenses

Often in business we have to trust employees with money or credit. We may have a need to give them the use of a gas card or a cell phone. They may need these things …

Take The Fear Out Of Small Business Accounting

Take The Fear Out Of Small Business Accounting

Does the idea of small business accounting scare you?  Does the thought of dealing with income statements and balance sheets make you nervous? Well it shouldn’t and with a quick lesson I’ll help you to …

Everybody Wants Your Money!

Everybody Wants Your Money!

Now that your small business has finally started to gain some traction does it seem like everybody has their hand out?
Starting a new business is a very trying ordeal that is already complicated by the …

Cash Flow Is King!

Cash Flow Is King!

There was a time when what mattered most to the success of your business was reflected in your profits and your losses. If you were in the black you were getting ahead. But with ever …

Accounting Basics: Cash Vs. Accrual

Accounting Basics: Cash Vs. Accrual

Having to handle the accounting functions of a new business is often the bane of the small business owner.
Many new owners lack the skills and experience that may be necessary for their business venture. Some …

Managing The Cash In Your Small Business

Managing The Cash In Your Small Business

The recession seems to be nearing it’s end and good times are on the way. Sales will begin to grow and we will be busy again. End of problem? Not really – beware of the …

When Will We Ever Learn?

When Will We Ever Learn?

Would you drive around without knowing where you are going, or where you have been? No of course not, yet in business too many small business CEO’s do precisely that.
I never fail to be amazed …

Mark-up Or Margin – What Is The Difference?

Mark-up Or Margin – What Is The Difference?

Almost every contractor I worked with over the last few years, and there have been many, used a mark-up formula in their pricing.
In most cases it was something like $55 per hour for labor, plus …