5 common IT mistakes small business owners make

common IT mistakes

Equipping your business with the proper IT tools and solutions right from the get-go can make all the difference to get your business processes running smoothly and efficiently. Nowadays, there are very affordable solutions out there, allowing SMEs to be equipped with the best software systems.

4 situations when business owners MUST look at their numbers

small business owner decisions

"Numbers get confusing. I'm never quite sure what I should be looking at. But my gut has never failed me." Most small business owners are most comfortable making decisions intuitively; when they look at a situation and they just know the answer. These gut decisions are really useful. They can be

Top 5 things every business owner needs to know (but doesn’t)

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Business owners need to know how to do a lot of things. How to do payroll, how to hire, how to fire, how to sell... the list goes on. But if you ask any business owner, they'll admit there's a lot of things they don't know either. In this episode of Breaking Down Your Business, Jill and Brad talk

How to measure business performance — use numbers and not your gut!

how to measure business performance

Numbers give me a headache. I don't want to stare at spreadsheets all day -- I get a good enough "gut" feel just from running my business. Why should I care about the "numbers"? Most business owners have a strong "gut feeling" or intuition about their business. It makes sense. They spend all day,

Reading a balance sheet: 3 things business owners need to look for

reading a balance sheet

A business' financial statements are the most basic indicator of your business' health. But they can be confusing and complicated and, truthfully, not many business owners look at them (and when they do they might not learn much). Yesterday I offered some tips on how to read an income statement.

How to read an income statement: What every business owner needs to know

how to read income statements

One of the most basic of indicators of the health of any business is its financial statements. I'm not saying they are the be-all-end-all. There are lots of other indicators we should look at in addition to the financial statements; but it's hard to argue that you are fully in control of your

5 things you are spending money on that are not (fully) tax deductible

office space tax deductions

My accountant says I made $300,000, but I don't see it in my bank account. Where did it go? Every year at tax time, business owners call me up and complain that their tax return says they made more money than they see in their bank account. Isn't it supposed to be the opposite? Aren't we supposed

My business is growing, but my bank account is shrinking! Here’s 4 reasons why.

growing a business

Growing a businesses means you'll consume a lot of cash. No one told you that, did they? When your business grows from sales of $350,000 to $800,000, your income isn't going to double. In fact, it may go down! It might be harder for you to stay profitable at $800,000 than you were at $350,000!

Tips for getting more out of conferences

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Conferences can be a great lead generator, learning experience and networking event all in one. But there's a strategy behind how to get the most out of them. Jill and Brad attend conferences all the time and put their best tips together how you can rock your next conference and get more than your

Don’t let ‘great’ be the enemy of the ‘good’

tom peters quote

“Life is pretty simple: You do some stuff. Most fails. Some works. You do more of what works. If it works big, others quickly copy it. Then you do something else. The trick is the doing something else.” ~ Tom Peters Tom Peters could be thought of as one of the founding fathers of the American