Tag: smallbusiness

Small business bankruptcy occurs when a business is unable to pay its debts and is forced to declare bankruptcy. There are several reasons why this can happen. Bankruptcy can be devastating for small businesses, leading to closure, loss of jobs, and damage to personal credit scores. With good planning and strong business practices, you can avoid the pitfalls and drive your business to financial success. Learn the top reasons why…  Read more

Team alignment – one aspect of running a successful business that keeps all its moving parts working together. Aligning every member of your team to a common cause keeps everyone in stride together, motivated by each other and working towards the same goal, confident in how their day-to-day impacts the big picture. And this alignment doesn’t happen by accident. The magic lies in rallying your team around a common cause…  Read more

On average, small business owners spend 10 hours each week recording, organizing, and processing financial transactions – everything from accounts receivable and payable, to employee payments, expense receipts and supplier invoices. While the process may be time-consuming (and tedious!), effective bookkeeping is the foundation of sound financial management – which in turn, is the lifeblood of your business. Feeling overwhelmed by mountains of paperwork and complex calculations? Here are three…  Read more