It's known as the "lost week"—the week in between Christmas and New Years. Unless you're in retail, chances are your business is almost dead during that week, so it's tempting to take the week off.
Payroll Compliance is a challenge that many small businesses struggle with. Payroll done by business owners themselves mean that they need to have the know-how to comply with the Internal Revenue Service's strict rules regarding accurate reporting & deposits.
We're big advocates of just trying something and seeing where it goes. Our blog is a good example of that approach. It's very "Lean Startup"?—we just decided to do it one day, and we did it in about an hour. We tweeted it out and it took off from there. Here's how other organizations can do the same.
What small business owner has not wished for an extra pair of hands or more hours in the day? Outsourcing can have very positive effects on your business's revenue, and your work-life balance.
Just because you are a "small business" doesn't mean you shouldn't be thinking big. Your plans for expanding your enterprise may include opening a second location a few miles down the road or increasing your product line, but you should also consider how you can take advantage of the global marketplace.
We all know the concept of a kick start. An extra effort to get the machine going. Then again, there is the kick finish too, although we don't put it in those terms like we do a machine we do talk about a "kick" at the end of a running race. That extra effort to dig just a bit deeper and drive toward the finish line. NOW is a good time for YOUR kick finish.
Payroll can be one of the most cumbersome areas for business owners to tackle. Number-crunching, creating reports, and keeping track of all kinds of data is enough to make many individuals want to hide under their desks.
Over the past 15 years, we at MyCorporation.com have helped thousands of small business owners start up and formalize their companies, and one of our favorite parts about helping small businesses is seeing how they define and present themselves.
There are a lot of factors that go into running a successful small business, and one of the most important is one that many small business owners (especially those who are just starting out) overlook: bookkeeping.
Now that you know how to set up your accounting system and how to hire a bookkeeper, its time to learn about some bookkeeping basics. You may have been avoiding this for a long time, but its easier than you think!