The more you can have your employees working on assignments aligned with their skill set, the more productive your small business will be. Rather than have them stop every couple of minutes to work on a smaller task, it can help to find other methods to get simpler tasks done rather than have your employees stop everything they’re working on to do it. Here are a few great, efficient, and more affordable ways of getting the busy work out of the way so your team can focus on their assignments.
It can be a bit of a dirty word these days, but outsourcing is an effective way to do business for not only large corporations, but smaller businesses as well. Your company should be focused on really doing one particular niche activity very well. Anything outside of the scope of that focus, or anything that your business may not be skilled at working on, could potentially be outsourced. Companies that emphasize their strength at writing code for websites, for example, could do things much better and faster.
By David Nilssen, CEO & Co-founder of Guidant Financial
As “chief cook and bottle washer,” America’s small business owner has enough on its plate. Tax time only increases the workload as many frantically pull together their financial records so that they can maximize their deductions. While I’m not a tax professional (this is my disclaimer that this is for educational purposes and to not misconstrue this as advice) my company has worked with over 8,000 entrepreneurs and I’ve noticed common mistakes that many small business owners make in regards to their financials.
Here are just a few of my observations:
At the beginning of each year, businesses begin to look at what they spent the year before, gather up receipts, approve budgets for the year, and start to get ready to file their taxes. Prepping your small business’ taxes early can be a long drawn-out process but gathering and preparing everything early on ensures that you and your employees are taken care of completely before April 15th.
Organize all of your records
Today’s credit market has become a water-tight financial area where there is no room for delinquency, even for a penny. Creditors take to arms if they find a single default in the monthly payments and go all out to seize every last cent these borrowers may have. As a result, entrepreneurs both big and small are struggling to make monthly loan payments for their start-ups while simultaneously keeping their business above water so that they don’t have to declare bankruptcy.
This is the time for entrepreneurs to begin revisiting their business strategy and customize their daily activities to suit their requirements in order to stay afloat financially. Entrepreneurs should be at the forefront of these developments and lead others to the right direction by actively engaging in the following six things: Continue reading
You love being the CEO of your business, but what happens when you have to be the CFO?
Dealing with your business finances can be overwhelming. If you want to take your company to the next level, you are going to need to have some major clarity around your business finances. You need to lift up the hood of your business money and see what is going on in there. That way, you can make better financial decisions, have more control over your business, and focus on your life without being worried about your company finances. How cool would it be if your stress level went down?! Continue reading