Why Is It So Important to Prepare Financial Statements?

If you are wondering whether or not you really need to prepare financial statements when you already know your business is profitable, the answer is definitely yes. You may be convinced that your business is doing fine, but you will need proof for investors, creditors, shareholders, government agencies—and you will also...

Lease or Buy?

The next time you need computer hardware and software, a copier, or vehicles, you're likely to ask yourself the question, "Should I lease or buy it?"

4 Ways to Make the Most of Your Business Credit Card Rewards

Many small business owners have come to depend on their business credit card—and for good reason. Beyond providing a revolving line of credit and a...

Cutting Expenses: 4 Reasons Your Business Needs to Capitalize on Discounts

Small businesses succeed, in large part, because of entrepreneurs' efforts to minimize costs and increase efficiency. Unfortunately, too many business owners become complacent in their daily operations and forget to actively search for the best deal.

Should You Scrap Commission for Your Sales Team?

Commission-based sales plans have long been standard in the sales industry. Many small business owners are reluctant to abandon them, believing the widely held opinion that salespeople are primarily motivated by money.

How to Get Great Business Travel Deals

Whether you're a private consultant paying your own bills (and tracking carefully for tax write-offs) or working for a massive company, you are surely being urged from one source or another to scale back your business expenses.

Bottom Up Budgeting Creates Waste

Many people believe that bottom up budgeting leads to waste and misdirection. The advocates of top-down budgeting are strong in their belief that if...

5 Tips to Reduce Your Operating Budget

Negotiate, negotiate, negotiate! Whether you are a new customer or an old loyal one, if you open a conversation and negotiate with your suppliers or vendors, most of them will likely respond by lowering prices.

Cut Costs to Increase the Bottom Line

Making more money is the obvious way to increase your bottom line, but just as you try to save when spending your personal budget, you want to save when spending, as well.

Do You Know the Difference Between an Investment and an Expense?

What’s the difference between an investment and an expense? The difference is simple: one will start paying you back, and the other is a...

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