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Measuring the success of your business can be done in a wide variety of ways. Small business owners need to know how to measure success in each of these ways, especially since certain areas of your business may thrive while other areas struggle.  Because of this, understanding financial reports becomes extremely important for small business…

Any small business that plans on growing will have to eventually hire employees or individual contractors to help carry the day-to-day workload. As much as business owners wish they could do it themselves — that way they know it’s being done right — there simply isn’t enough time in the day to support that.  Before…

2020 has been such a crazy year, and we’re only halfway through it. From the very beginning, small businesses knew this year was going to be different and present a wide variety of challenges that have never been seen before.  Now well into June, small businesses are being forced to dig deep and find a…

Every year, small business owners are faced with the stressful task of reporting income to the IRS and filing a tax return. There’s no way around it, and it must be done each year by April 15th — or July 15th in 2020’s case.  Failing to do so will require a tax notice from the…

Cost management is a term used by small business owners in every industry. It involves a series of strategies, processes, and methods of managing costs, expenses, and other financial decisions. You’d be surprised how often you’re making costly decisions! It’s common for new small business owners to not have the necessary advice or guidance right…

Taxes are a necessary evil for any small business owner and will often be one of the most stressful times of the year. Not only is it a strenuous process that requires diligence and time, but there’s that lofty tax bill at the end of it — as if that’s supposed to be some kind…

There are a variety of reasons why a company might be interested in receiving a business valuation. They come in handy during disputes with shareholders, anytime you’re preparing to buy or sell a company, mergers, planning a company’s exit strategy, litigation support, and much more.  However, when it comes to business valuation, they are only…

Starting your own business was a major turning point in your life. Ever since then, you’ve been stuck “in the now” as you manage and monitor your business on a daily basis. While this is what you signed up for, it can easily take away from your ability to look ahead.  As a result, one…