One of the keys to startup success is the ability to efficiently manage scarce resources. Among the scarcest resource for any small business is money. Startups have to adhere to a budget and know what and where the money they are spending is going to.
Asking the right questions can lead small businesses down the right path. When it comes to money, here are five questions that small business owners should be asking in order to get the most bang for their business’ buck. Continue reading
For most businesses, having a physical location to meet, work and operate in is essential to the success of the business. One of the first steps in acquiring property for a small business is the decision to buy or lease office space. There is no right or wrong answer here as every business faces their own set of unique factors and budgets to make this decision with.
Whether your business is stable and established or still quite green, leasing or buying an office space will require that you consult an advisor who specializes in bookkeeping services because they can help you determine how much you can afford to spend on property as well as the cash available you have to use for scouting locations with. Below are a few more matters to consider when making your decision to buy or lease real estate for your business: Continue reading