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[Free Ebook] Advantages of Outsourcing Bookkeeping

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Small business owners have a slimmer margin for error compared to big companies. They need efficient operations that maximize their resources. Outsourcing tasks is one of the ways to achieve this goal. Outsourced bookkeeping allows you to focus on your company’s core strengths.

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The Benefits and Risks of Providing Customers Credit

The Benefits and Risks of Providing Customers Credit

Small business owners need to attract customers to generate revenue. Offering incentives is one way to get a customer to consider choosing your brand over the competitors. Providing credit to customers is one way to entice people to buy your products or pay for your...

What Are the Causes of Excess Inventory?

What Are the Causes of Excess Inventory?

Overstocking products is one of the problems a small business owner may face as they try to build their company. You may encounter lean months where your supply surpasses the demand for them. This ties up your cash and may make it difficult to meet immediate financial...

Small Business Growth Goals to Consider

Small Business Growth Goals to Consider

As a small business owner, you need to have achievable goals to keep your team engaged and determined. These objectives provide your company goal posts and building blocks to guide it towards success. These also boost the morale of your employees knowing that their...

Ways to Make Your Business Idea a Reality

Ways to Make Your Business Idea a Reality

Are you planning to start a small business? If yes, you may have a good idea that you think will instantly sell with your intended customers. You make an investment and then reality hits you that your product isn’t moving as fast you expected. This is a common theme...

How to Sell Slow Moving Inventory

How to Sell Slow Moving Inventory

Inventory can be a good or bad thing. It’s good because it generates cash. It’s bad because too much of it can tie up your money and prevent you from paying dues on time. Small business owners need to manage their inventory well so that their cash flow is positive....

The Importance of Managing Cash for Small Businesses

The Importance of Managing Cash for Small Businesses

Your small business needs cash to keep it operational, pay for immediate dues, make plans for the future, develop new products or services, and market your brand to customers. Without or too little of it, you might rely on debt. Heavy reliance on credit increases your...

Ways to Raise Capital for Your Small Business

Ways to Raise Capital for Your Small Business

Raising small business capital is necessary for entrepreneurs. They need cash to pay for immediate expenses, marketing, office space, store opening, product launches and others. They need a steady flow of debt or cash to start their own small business and keep...

Build Long-Term Customer Relationships with these Tips

Build Long-Term Customer Relationships with these Tips

Long-term customer relationships are important to the success of small businesses. A loyal consumer not only purchases your products or services, but they may also act as brand ambassadors. You’re their go-to recommendation when a friend, colleague or relative asks...

Steps to Taking Your Small Business Online

Steps to Taking Your Small Business Online

Are you planning to start an online small business? It is easier now to become an entrepreneur because of the platforms and tools available. However, competition is also stiffer. You’ll be competing against several other entrepreneurs in the same industry vying for...