Paperwork is often the bane of business operations, yet it is an integral part of the day-to-day administration involved with running a company. From contracts to applications, there is no room for error when it comes to completing these documents—rushing in order to fill quotas is definitely out of the question.
One of the 7 Business New Year’s Resolutions we recommended last month involved documenting your workflow. Putting each step of your workflow into writing (or recording it in some other fashion) can make a big difference in how smoothly your company runs.
Think about a buy-sell agreement as what you need in the event you want to buy out a partner or co-owner. Also, what will happen if a person who is part of the business heads off to what they think are greener pastures?
As 2013 draws to an end, you’re probably focused on closing out the year with a bang. You’ve got to think about taxes, dealing with old inventory and any other details that will help you make sure that the you can move on to next year.
We’ve entered the home stretch of 2013 and the holidays are in full swing. The next few weeks will be hectic for everyone, but particularly for small business owners as it is easy to get overwhelmed this time of year. It’s time to take a moment to stop and make sure your business is “legally fit” for 2014.
Every investor expects to see some business traction, both before and after a funding event. If you have been working 20 hours a day, and spent your last dollar, but have no results to show, investors will be sympathetic, but will probably tell you that your dream doesn’t have wheels. Traction means forward progress.
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!
Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.