Financials

The world of business is rapidly changing! Outsourcing which used to be only for a few special projects is now becoming a common part of most business processes. This changes the way a business owner looks at costs they have to incur in the operation of their business. Take for instance the world of online business: people are making hundreds of thousands from the comfort of their own. Just ten

A business needs to be growth conscious but growth is a result of being successful in offering what your customers pays for. This allows a business to make the profits needed for expansion. However, busyness is not growth. Growth requires improvement and you can be busy without getting better. For example, Sally owns Sally Print Shop. Sally wears four different hats in her business: she is the accountant, the designer,

Every action has a reaction. What goes up must come down. There is no better way of determining the consequences of certain actions than predicting the consequences beforehand. For instance, let's say your competitor provides a service for $50 and you provide that same service for $70. To match your competitor's price you drop your price to $50. However, you failed to examine what the impact of reducing your price to $50 will be

It's ironic how so many small business owners see the activities of the business as separate from their business goals. For example a business owner might have goals to increase response time to customer inquiries. While this sounds good, this goal will go nowhere if the business does not assign a staff person to make sure this goal is met. Moreover, assigning a person to the task is not enough

C corporations are unique in that they have separate tax structures. This means that the corporation gets taxed differently from the owner. This is different from the way S corporations, sole proprietorships or partnerships are taxed. While C corporations are often looked down on because of the propensity to get double taxed, there are actually some great reasons why a business may want to consider this tax structure. For instance,