Determining when your Business needs to hire a CFO

Posted on February 13th, 2019 in Money Management, People & Hiring, Processes & Procedures, Scaling & Business Growth, Small Business

Are you a busy business owner struggling to balance finances and keeping your business afloat? Are you unsure if hiring a CFO is the best option? In this article, we will cover the benefits of hiring a CFO and when it’s the right time to do so. Small business owners often take charge of their […]

Benchmarking Best Practices for Small Businesses

Posted on January 23rd, 2019 in Money Management, Processes & Procedures, Scaling & Business Growth, Small Business

When it comes to gauging your business’s performance and strategies to improve it, you might be ready to seek a benchmarking analysis for your business in your industry niche. If you are a small business owner, or new to the competitive landscape, you might be at a loss for what this benchmarking term is referring […]

6 Practical Steps to Managing eCommerce Sales Tax (Updated 2019)

Posted on January 9th, 2019 in Accounting, Money Management, Small Business, Startup Business, Taxes

It is a fact of life that if you plan to run a business, then you must pay taxes. If you’re an online retailer, then you’re also responsible for charging sales tax to customers living in states where your business has a physical presence. This tax is then remitted to the relevant tax authority. Filing […]

The Guide to Cash Flow for eCommerce and Online Businesses

Posted on November 20th, 2018 in Accounting, DIY Accounting, Money Management, Scaling & Business Growth, Small Business, Uncategorized

According to a U.S. Bank study, 82% of businesses fail due to poor cash flow management skills or poor understanding of cash flow. These small businesses don’t make it to their fifth year because they don’t even know they have cash flow problems. Most business owners don’t understand how to properly manage cash flow, so […]

5 Dangers of DIY Accounting

Posted on September 6th, 2018 in Accounting, DIY Accounting, Entrepreneurship, Money Management, Processes & Procedures, Scaling & Business Growth, Small Business, Startup Business

Right now, the whole DIY thing is a huge trend. People are making their own farmhouse tables, home décor, skincare products, and accounting… wait? that sounds out of place. That’s because it is, you shouldn’t try to do your own accounting if you have no experience with it. While you might be able to get […]

Company Financial Habits to Avoid (Complete Guide)

Posted on July 14th, 2017 in Entrepreneurship, Money Management, Small Business

Is your company avoiding these bad financial habits? 20% of businesses fail in the first year, and 96% of businesses fail in the first ten years. That’s a shocking statistic to see that only 4 out of 100 businesses make it 10 years. One of the main reasons is not due to bad business. It […]

Can you tax cryptocurrency? Let’s find out!

Posted on July 2nd, 2018 in Money Management, Processes & Procedures, Taxes

Cryptocurrency technology shook up the economic world when BitCoin burst into the scene a couple of months ago. If you aren’t in the loop, you might want to consider checking it all out – starting here! Recently our CEO, Vinnie Fisher, had the privilege to be apart of The Future of Money Summit presented by […]

The Most Effective Way To Turn Social Media Profitable

Posted on July 7th, 2017 in Marketing & Advertising, Money Management

With 2 billion Facebook users it’s hard to ignore the strong social media presence around us. On top of Facebook there are channels like Twitter, LinkedIn, Snapchat, Pinterest and Instagram. Used correctly these channels can be a company’s greatest assets when building customer loyalty and relationships, as well as being a good form of advertising. […]

Implement These 6 Strategies To Avoid Mediocrity In Digital Marketing

Posted on June 16th, 2017 in Marketing & Advertising, Money Management

Spending on digital advertising is about to skyrocket even more than it already has over the years. In the U.S. alone, spending is predicted to get up to 118 billion in the year 2020. Whether it’s taking advantage of different ways to film and capture photos, designing a sleek new web page, creating an app […]

8 Benefits of Forecasting Revenue

Posted on March 22nd, 2017 in Entrepreneurship, Money Management, Processes & Procedures

Whether you are just starting out, or have been managing your business for a while or more, revenue forecasting is something that you can’t afford to not do, regardless of how small or large your business is. We all have heard about strategic planning and when to hire new people, but do you really know […]

Debunking 9 Biggest Myths about Using A Virtual Back Office

Posted on May 3rd, 2016 in Entrepreneurship, Money Management, Scaling & Business Growth

Outsourcing a company’s accounting services, or in other words, utilizing a virtual back office solution is becoming a common practice among businesses in the United States. A majority of small to medium-sized enterprises and big multi-nationals are beginning to outsource to virtual back office accounting firms to manage their finances. A virtual back office improves […]

4 Small Business Money Mistakes You Can Easily Avoid

Posted on April 2nd, 2015 in Money Management, Small Business, Startup Business

About one-third of small businesses fail within the first five years. There are lots of reasons why a seemingly healthy business can go under, some of which may be outside the business owner’s control. But there are also some very common (and very avoidable) money mistakes small business owners make that contribute to their eventual […]

Category: Money Management