Posts Tagged ‘small business’

Unethical Financial Practices

Are you a business owner, manager, any employee whose business financial practices are unethical? You may hate that question or find it insulting, but here are some things to think about. In the posting Is That Really the Truth? I touched on why truth matters so much. Now let’s look a little more at that.

Some Financial Background

I was prompted to write this article by my conversations with other people who were dealing with clients wanting to use questionable practices. The details are not what matters here. What does matter is Read the rest of this entry »

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Your Company is Not the Competition

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Misconceptions about Small Business

There are a lot of misconceptions about small business. Here are a few of the key ones.

It’s Not as Hard as Big Business

You may have had the experience of asking someone what they do for a living and gotten the response, “I have my own company.” Perhaps your reaction, often unspoken, is, “Wow, it must be nice to not have to wonder where your next paycheck is coming from.” That’s a common Read the rest of this entry »

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3 Ways to Cut Costs

A recent article about cost cutting and some of the reasons the process failed struck me as useless as far as providing real guidance on cutting costs. The focus seemed somewhat generic with such observations as:

  • It’s getting harder to cut costs (No kidding? Companies have already done significant trimming in response to the economy. But, how does knowing it is harder to cut costs help?)
  • It is difficulty to maintain cost cuts. (Again, no kidding? Although a few suggestions were offered, there was really nothing new that didn’t itself present something else to be maintained)

So, let’s take another look.

Is That Really Needed?

The one helpful thing this article did offer was the old idea of Read the rest of this entry »

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Agile Employees | Agile Company

The business environment is changing at an unprecedented rate, and a rate that is accelerating. There are underlying reasons and also ways to address this. It really is a case where a business either changes or gets left behind, eventually dwindling to irrelevance. By irrelevance I don’t mean a small business. A small business can be a significant player in a specific market, especially Read the rest of this entry »

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3 Reasons to Know Basic Accounting

You don’t have to like accounting, but you should know basic accounting to operate a profitable business. Before you fight this too hard, consider three reasons.

Where Have I Been?

Let me ask you a few questions. Have you ever driven somewhere and when you got there suddenly realized you have little recollection of the trip? It happens to all of us at some point as we get lost in thought. Another variation that happens is for a driver to suddenly realize they have been driving on auto-pilot, look around and realize they are not sure where they are. Scary, isn’t it? No wonder we have so many wrecks. But in the business world something similar happens.

In a sense accounting serves as both a Read the rest of this entry »

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Important Considerations for QuickBooks Implementation

There are some standard considerations when implementing QuickBooks. This list is not intended to be all inclusive. Primarily it is to encourage management to understand the complexity of QuickBooks implementation or the setup of any other accounting software. Remember the old Information Technology adage, “Garbage in, Garbage out.” When it comes to implementing accounting software this Read the rest of this entry »

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3 Business Startup Essentials

If you’ve ever started a business or been involved in a business startup, you know the excitement it can produce. That excitement is a good thing as it helps energize those involved and promotes enthusiasm that is critical to the early life of a business. On the other hand, that same excitement can cloud peoples’ thinking and cause critical mistakes. In order to remove that risk and still keep the positives, there are some steps or business startup essentials that will help immensely.

Recognize a Reality

As much as we may like to think we do, we really have quite limited ability to visualize how our Read the rest of this entry »

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Reducing Inventory Means Just That

Reducing inventory means just that may sound like a silly statement, but you’d be surprised how much sillier responses may be.

A Little Background

A number of years ago I took on a new client that I later discovered was in serious Read the rest of this entry »

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Government Shutdown | A Message for Business

Every time the government shuts down the gloom and doom crowd among our citizens immediately spring in to action. But, is it really that bad?

Excuse Me, But Who Is Not Working

I can’t help but laugh when I read just who is being laid off. These government workers are defined as non-essential employees. Again, I say, “Excuse me?” Let’s think about that term non-essential. If someone has Read the rest of this entry »

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