Author: Annie Birney
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Inspiring Business Stories: 5 Companies that Survived Tough Financial Times
A pandemic is not the only crisis that can thwart a business’s financial success. Calamitous accidents, mismanagement, economic volatility, and other hazards can threaten your company’s trajectory. The good news is that you can learn from other business leaders who have weathered various storms. Here are five true, very inspiring business stories to help you…
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Small Business Tax Relief, Grants, Loans, and More: Resources for Financial Help in 2020 and Beyond
The average small business (<500 employees) has less than a month’s worth of cash on hand. If that describes your company, then it’s imperative you know what to do when an unforeseen expense arises. Financial help comes in many forms. Loans, benevolent gifts, and small business tax relief can all be lifelines to carry you…
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Why and How to Track Business Expenses Separately from Personal Spending
Most small business owners use their personal money to get their business off the ground. In fact, funding your business with personal cash is widely accepted and even encouraged in many industries. Why, then, is it so important not to fund your personal life from your business’s coffers? As a business owner, there are many…
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Blunders, Bottlenecks, and Bloat: 9 Surprising Ways Small Businesses Waste Money on Operating Costs
Businesses are like engines. To produce, your company consumes. And like a more efficient engine, your business can produce the same output while consuming — that is, spending — less. It’s true that you may cut costs on overhead and some capital investments, but the most opportunity to save lies in operating costs. That’s because…
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How Much Does an Accountant Cost (And How to Make the Partnership Profitable)
Warren Buffet famously says that “Accounting is the language of business.” The very best way to learn the language of your business — that is, accounting — is to hire an expert to both help and teach you. If you’re wondering how much does an accountant cost, though? remember, it’ll cost you to continue operating…
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Drowning in Disorganized Accounting Books? Here are Your Options.
Businesses never start out disorganized. Chaotic processes and records become that way over time. No matter how long it took for your accounting books to go from tidy to disordered, messy recordkeeping affects your company’s vitality. Research from office supply retailer Staples found that 53% of thriving or surviving businesses stated they had very organized…
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COVID-19 Resources Available for Small Businesses. Your Questions, Answered
If you’re running a small business, the last few weeks have likely been intense and stressful. COVID-19 has had a major impact. In March, the majority of the top 10 most shared articles on LinkedIn were about the coronavirus. More than a month since the first stay-at-home orders it’s still the main topic of discussion.…
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7 Ways to Grow Your Business During Social Distancing
Small business owners have always faced big challenges, but they pale in the face of the coronavirus pandemic. A survey found nearly 7.5 million small businesses may be in danger of closing permanently over the next five months, and 3.5 million are at risk of closure in the next two months 80% of small employers…