There are many reasons why people start their own business. The number one reason, however, is so they can become their own boss. They want to be in charge! When you are the boss you have control over everything: schedule, workload, number of employees, and… financial statements.
Transparent Financial Statements *GASP*
I know the title of this blog probably scared you a little bit or maybe just got you curious. What are transparent financial statements? Do I want or need those in my business? My accountant doesn’t run that statement, should they?
Transparent financial statements, or open-book management, just means that employers are opening their financial books to employees.
3 Proven Ways To Improve Small Business Cash Flow
Is your small business struggling to make enough profit to pay the bills? Living paycheck to paycheck can be quite frustrating.
Why should I document business milestones?
Every business owner is going to encounter certain business milestones. Some milestones may be different as you look at different industries, but there are some that apply to everybody.
How Path by Simplex Financials Enhances QuickBooks Online
QuickBooks is the go-to software for managing your financial statements. But sometimes your unique business needs go beyond the current capabilities of QuickBooks. So, what do you do with that information once it is in QuickBooks?
How to Create and Protect Your Brand
Before jumping off the deep end and purchasing that store front downtown, it is important to build your brand. What do you stand for, what are your values, who is your target audience, and more are questions you should ask yourself as you build your business.
Let’s take a look at how to create a brand that stands out.
8 Tips on Team Management
Being a manager in a company comes with its own set of challenges – one of them being how to manage a whole group of people.
Taxes and Payroll - How does it affect my business?
Here are some resources that will help you navigate taxes and payroll in your business.
Who is behind Simplex Financials, Inc and why should I care?
If this your first time here, you are probably wondering who we are and how we came to exist.
The Skills That Pay The Bills - Checklist
You need a host of skills as an entrepreneur. So, what does it take to be successful? After building 12 companies myself and working with 1000's of others, I put together a list of what sets top performers apart from the rest.
10 Things That D.U.M.B. Business Owners Think
If you happen to look at yourself with a critical eye and say: “I Don’t Understand My Business.” Then you are a D.U.M.B. business owner. That doesn’t mean you are unintelligent. It means that there are things happening in your business that you haven’t figures out.
Dump Your D.U.M.B. Accounting Firm Clients
Up or out?! If you want to take advantage of entrepreneurial profit, you need to migrate your client base up the value chain of your firm’s services. The lower-end clients will become a drain on your resources and ultimately be less profitable.
8 Effective Habits for the Successful Entrepreneur
Every career has a set of habits that greatly increase the odds of success. The habits necessary for success will vary from career to career. Fortunately, there are many successful entrepreneurs that we can look to for guidance. It’s not surprising that many of them share the same habits.
9 Ways to Know it's Time to Give Up on Your Business Idea
It’s commonly advised that you should never give up. And, that’s great advice, as long as you have a good idea. There’s nothing wise or admirable about wasting your time, no matter how committed or motivated you might be.
Why Do People Like Other People?
Have you ever looked at another business owner and thought, “Man, they have it made.” They just seem to have a confidence that fills the room, or maybe you like the way other people interact with them. What is it? That “it” factor that others seem to have that makes their life look so much easier than yours feels. It could be that they have figured out the secret to being “liked”.
The 4 Ways to Make More Money in your Business
There are only four levers that can be pulled. No matter how you describe the action a small business owner takes, they can be placed into one of these four categories.
Free Doesn't Have to Suck
Don’t do it they said. You’ll damage the brand and reduce its value. People don’t trust free products. The list of reasons why you shouldn’t launch a free product is long. The scariest of course is “how will your company survive?”
Want More Cash? Run Your Business Like It's Up For Sale.
Have you ever placed a car you own up for sale? What is the first thing you do? You clean it up. You fix the things that need it. You get the french fries out from between the seats. You get the car ready to present to someone else with the hope that it will attract top dollar. It’s natural for us to do this.
Check Please! The Next Evolution in Cash Flow Improvement
This is a great example of how one company leveraged the natural behavior of the consumer and our current technology to improving their cash flow.
The Best Business Advice I Ever Received
Look at the entire situation and spend your creative and critical thinking skills on operating within the limits of your surroundings. This perspective makes every situation easier for me to understand. More importantly, it helps mitigate my stress and grow my success.
Are you a D.U.M.B. business owner?
It’s not that I was unintelligent, it’s just that I got distracted. I was wrapped up in the thousands of details that made up my daily business life, and neglected the results I was creating.
Cutting Costs: Maximizing Results Through Expense Control
There is simply one rule to live by in small business if you want to stay in business. The rule is the change in your operating expenses should mirror the change in your gross profit. This is typically called expense control.
Getting Back to Relationship Banking
People still like to have the interaction with their “hometown” bank, but want the convenience of the website lender.
WHO ARE WE
We are a technology company focused on helping business owners overcome their financial challenges, as well as informing advisors of how their clients are performing.
*Intuit and QuickBooks are registered trademarks of Intuit Inc. Used with permission.*