As an entrepreneur starting out in business, you might know a lot of things about how to penetrate your market, but you can’t know everything. One of the areas that most start up business people find themselves lacking is in bookkeeping.
Budgeting is an aspect of bookkeeping that most people think comes naturally, but it doesn’t. Even though you are very good at maintaining a healthy personal budget, when it comes to a business, the principles change.
With a little training, though, you can learn tips that will get you started in creating a good business budget. Continue reading
Thinking of starting a small business? You’re certainly not alone. Small businesses are on the rise in America; according to the U.S. Small Business Administration, the number of small businesses has increased by almost 50% since 1982!
However, despite the surge in popularity over recent years, starting a small business can still be a daunting challenge to the entrepreneurial-minded individual. With lots of initial hurdles to overcome, many small businesses fold within the first year.
But there’s still plenty of hope! By maximizing revenue while minimizing overhead in those early years, many small business owners can set themselves on a solid foundation for success from the start. Do you need the biggest and best equipment on Day 1? How much space do you need for your workforce? Can you live without that can’t-live-without software for a few months? Putting together a plan that accounts for immediate, short-term, and long-term needs is essential, especially when it comes to finding an office.
While it can be tempting to sign on the dotted line for a new workspace immediately, there are tips that every small business owner should take into account to increase your survival rate right off the bat. Here are the top 3 ways to make the most of an office space on a budget.
Data security is as important to a small business as physical security is online today where virtually all computers and electronic devices are connected to both each other and the internet making us and our information fairly accessible at all times.
Because of this, the bottom line for any business with company or client data to protect is that it must be able to maintain a security policy and procedures that are as airtight as possible. Failing to do so can mean anything from competitor theft of your ideas to major and expensive security breaches that can lead to client lawsuits. Continue reading