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Category Archives: Profitability Tips
Your Daily Numbers
Some numbers need reviewing on a daily basis, and one example of this is cash. When cash is coming in from a number of places, it’s great to have a daily summary of what was collected. It’s also great to … Continue reading
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Is Your Business Using the Right Accounting System?
Have you ever tried on a shirt or jeans and found they didn’t fit at all? They looked great on the hangar, but that was the end of it. Accounting systems come in all sizes, shapes, and colors just like … Continue reading
Posted in Accounting, Business Tips, Profitability Tips
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Optimize Your Revenue Mix for More Profits in 2014
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 … Continue reading
Avoid the Three Biggest Sales Mistakes and Close More Business
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 … Continue reading
Five Fall Projects to Refresh Your Financial Results
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 … Continue reading
Do You Know Your Small Business Vitals?
On a doctor’s visit, the first thing the nurse does is take your vitals: your temperature, blood pressure, pulse rate, and respiration rate. These basic measurements are the first place doctors look to see if something is wrong with our … Continue reading
Five Ways to Rev Up Your Referrals
In the vast majority of industries, referrals are the most cost-effective way to gain new clients and grow your business. When you attract new clients through referrals, your marketing costs are lower, your selling process is easier and more effective, … Continue reading
What Does Popeye Have to Do with Accounting?
You might have heard the terms “cash basis accounting†or “accrual accounting.â€Â Your net income number can change depending on which method your books are set up for. Here’s a simple explanation of the difference, with a little help from … Continue reading
Budgeting Breakthrough
When you hear the word “budget,†what do you think about? Most people would say something similar to “Ugghh!†If you would rather do just about anything besides create a budget, you’re not alone. The word “budget†brings up connotations … Continue reading
Need an A/R Makeover? A Quick, 5-Item Best Practice Checklist
Technology has allowed businesses to make substantial improvements in their customer invoicing processes. The good news is that when you implement these technologies, you will almost always get paid much faster. If it’s been a few years since the last … Continue reading