The numbers are staggering. Companies lose between 20 and 30 percent of annual revenue due to inefficiencies (Source: IDC). If you’re looking for ways to improve your competitive position and profitability, a good place to…

As fall begins, your business’s financial statements may be due for a quick check-up. Here are several review suggestions to help determine the health of your business prior to year-end. Balance Sheet Reconciliations Reconcile each…

With more companies adopting hybrid and remote work situations, the need for virtual onboarding will continue well into the future. According to Glassdoor, companies with a great onboarding process improve new hire retention by 82…

When tracking and planning your business objections, it’s easy to focus your analysis on two reports — the income statement and balance sheet. But one of the primary keys to your business’s success relies more…

Business owners are more aware than ever of the need for accurate and timely data, yet keeping it that way is a major issue. In a recent survey by Experian, executives said that 25% of…

The same factors that we’ve been dealing with for the past 12 months during the pandemic can also create an opportunity if you are considering starting a small business. Problems create opportunity For one thing,…

The passage of the American Rescue Plan Act of 2021 set aside nearly $30 billion in funds to create the Restaurant Revitalization Fund (RRF). Since the food and beverage industry has been devastated by this…

Here are some suggestions to help you master the art of documenting and organizing your business now and in the future. Document policies and procedures Write down daily responsibilities, skills needed to complete tasks related…