Working on cash flow management to move a business from operating in the red to operating in the black can be an uphill battle for many companies. The good news is it doesn’t have to be a battle at all. There is a solution to simple cash flow management to increase profits and avoid cash shortfalls. Here are 6 tips to help you manage your cash flow. Read more
Why Charities Should Use An Outside Bookkeeper
This guest blog was written by James Thomson, CEO and President of New Path Foundation
Charities do great things for people and communities and are an important part of our society. New Path Foundation is one such charity doing great work by providing assistance to organizations through a shared space model as well as supporting its service partner, New Path Youth and Family Services, to provide a wide range of mental health services to children, youth, and their families in Simcoe County. Read more
Getting Back On Track: Old Ways vs New Approaches
Q&A with Heather Mason and Kim Miller on how they help clients significantly improve their businesses.
Your bookkeeper shouldn’t just be someone who posts information to your accounting software and spits out reports. Your bookkeeper should be a valuable resource to you in helping you run your business. Here are 9 essential questions you should ask your bookkeeper: Read more
Brand Development and Why You Should Not Rush
This is a guest post by: Heather Mercer-Turner, Mercer Street Brand Development Consulting
Starting a new business is certainly an exciting time for any entrepreneur that is jostling at the gate to get going! There are many things that need to be done in order to start selling your product or service as fast as possible. Sometimes moving too fast can cause costly business mistakes. It is important to stop and think about key decisions that impact your company for years to come. As that old saying goes ‘short-term pain, for long-term gain!’ Read more
Small Business Borrowing and Things You Should Consider
Should I expand? Can I afford more rent at a new location? Can my business support more staff?
As small business owners, we have asked ourselves the same questions and also helped many companies work through the decision-making process to determine the right time to borrow and how much to borrow to buy equipment, real estate, technology or invest in human resources.
Smart business borrowing at the right time can ignite your business to take it to the next level. Unfortunately, we’ve also seen entrepreneurs make some common mistakes that can jeopardize their company’s future and destroy it.
If you have been considering borrowing, these tips can help you decide if the time is right for you and whether you are have everything ready to meet with a lender. Read more
Is renting or buying better for me? This is the question that many are contemplating these days. In truth, there is no right or wrong answer, only what works best for you. There are many things to consider, so I encourage you to take your time making your decision. There is never a wrong time to make the right decision for yourself!
Unpaid invoices can be the bane of an entrepreneur’s existence. You have to waste valuable time and resources politely chasing after people who owe you money.
Do you ever feel like your business is leaking money somewhere? Your sales are good, but something just doesn’t seem to add up on the spreadsheet.