Flexible Pricing Part II
How to Make a Profit Through a Flexible Pricing Model Today we’re continuing our discussion on maximizing your profits by adopting a more flexible pricing model. Another way to see this type of flexible pricing in action is to walk around the streets of any large city in America. You’ll find many street vendors marketing […]
Business Owner Versus Business Operator
A business owner versus a business operator is a matter of risk and financials. The terms are not interchangeable. If you wish to run a business, an entrepreneur should decide if they want to be a business owner or serve as an operator for someone else’s company. An owner can hire an operator, or an […]
When Should You Start Cutting Expenses
Every business needs financial goals, and not just related to the company bank account. In the long run, managers and owners alike should track monthly bills and compare them with incoming revenue. Such actions can save you money. Sometimes, however, monthly expenses become too costly in relation to revenue. While you obviously aren’t paying a […]
Bookkeeping Services in Orange County California
If you have bootstrapped your business, we know all too well just how big a fan of DIY you probably are. That’s a good thing, of course, but only in certain areas of your business. During the startup stage, you undoubtedly made the big decision to keep costs really low by handling everything yourself. However, […]
The Difference Between A Rich And A Poor Business Owner
People in any economic state in life can start a business. They can invest a handful of dollars or several hundred, and start turning a profit. With that said, there is a difference between a rich and poor business owner: the rich owner knows how to read the numbers and analyze them, and the poor […]
The Financial Guide to Navigate Your Business Through This COVID-19 Crisis
COVID-19 hit the world hard and fast, leaving its trail of destruction across many different industries and countries. Last Wednesday, I sat as one of our client’s phones rang from 9 am to 12 noon straight. Each of those phone calls was his clients canceling and pulling contracts that were years in the making – […]
3 Financial Accounting Tricks For Healthcare Companies
As the healthcare industry blooms on a global scale, healthcare-related companies face the pressing need to manage their growing reliance on clear accounting and clean financing with ease more than ever. The demands for nurses and specialists increase while the regulations in the industry tighten, staying in business is faced with more hurdles to jump. […]
The Benefits of Outsourcing
There are many benefits to outsourcing. It allows you to delegate services that are crucial to your business, for a fraction of the price. You can’t do everything within your business, and we advise that you seek alternatives when in-house costs are too high. So why not outsource? Outsourcing, also known as sub-servicing, is the […]
How Employee Turnover Affects Your Financial Status
What Is Employee Turnover? Employee turnover is the rate at which employees either leave or are replaced at an organization. It may also refer to the loss of talent within the workforce since the term encompasses many circumstances. Some fields have more turnover than others: technology, nonprofits, and retail. No matter which industry you have, […]
3 Tips to Deal With Financial Statements For Your Business
What Is A Business Financial Statement? A business financial statement is a type of document that serves as a record of transactions, assets, and expenses. They serve a dual purpose: to help businesses track their financial health in the long term and to present to investors as a means to receive more capital. While your […]
