It has been said that the only two things that are certain in life are death and taxes. We’d like to add a third: inflation. You can be certain that costs will go up year after year. Housing is the easiest trend to follow (a $300,000 house today only cost $180,000 a...
Steve Martin once said, “I love money. I love everything about it. I bought some pretty good stuff. Got me a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline-powered turtleneck sweater. And, of course, I bought some dumb stuff, too.” A small...
Every transaction in your business has to be accounted for. In the nonstop world of a small business owner, it can be a real challenge to keep up with receipts. You either forget to enter the expense in your accounting software, or you just guess at the amount. Either...
Business owners seem to be in a constant search for one number to tell them if their company is doing well or not. We get it. You’re busy and would much rather spend your energy doing whatever it is you do instead of staring at numbers on a spreadsheet. Having one...
Money sure can seem like it has a mind of its own sometimes! One minute it’s there, the next it’s gone. If you’re not careful, what you have will leave faster than you can bring more in. The only way to maintain control over your money–in both your personal...
A good nonprofit chart of accounts can help you avoid a lot of confusion and misunderstandings when it comes to keeping up with all of your important financial information. As the director of a nonprofit (or other high-level leader), you regularly provide your board...
Most of us know someone who has been involved in martial arts even if it is just a relative or the kid of a neighbor or coworker. Those who put in enough time and effort are rewarded by advancing through a system of “belts”, ranked by different colors. Everyone...
John Dewey once said, “We do not learn from experience…we learn from reflecting on experience.” That is true in life as well as in your business. If you simply work as hard as you can day after day, head down, making sales, and serving customers with excellence, you...
It’s hard enough to run a successful small business these days without having to worry about taxes too. We’re going to go out on a limb here and guess that you got into business to sell the products or services that you’re really good at…not spend all your time trying...
Nonprofits exist to make positive improvements in their community (or however far their impact reaches). They meet needs and raise awareness of issues in our world in ways that lone individuals usually cannot. And they are an incredibly valuable part of our society....
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