3 Strategies To Increase Profitability During A Recession

With the right strategies, you can increase your profits during a recession. No one likes seeing the economy in a downward spiral, but sometimes this phenomenon is inevitable, such as during a time of crisis. Post Contents1 What Does Profit In A Business Mean To 

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How to Analyze Your Business’ Financial Statements During COVID-19

The COVID-19 pandemic is leading to potential financial uncertainty. You want to do what you can to predict potential effects, using balance sheets and income statements. We discuss how to analyze your business’s financial statements during the pandemic. Whether or not businesses have to shut 

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3 Steps to Deal With an Angry Vendor & Late Payment Invoice

You may wonder how to deal with a late payment, as either a company providing services or purchasing them from a vendor. Being on either side of the coin is not fun, especially when cashflow is a higher priority. You want to ask for payment 

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Accounting 101 – the P&L Statement

Knowing how to calculate, analyze, and manage your profit & loss statement is important. You want to know if your business is profitable, and where costs may be too high or revenue too low. The trick is to have it all down on paper. Anyone 

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Flexible Pricing Part II

Post Contents1 How to Make a Profit Through a Flexible Pricing Model2 How to Apply a Flexible Pricing Model to Business2.1 1. What sets your product apart from the competition?2.2 2. What is your current pricing model compared to alternatives on the market?2.3 3. How 

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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 

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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 

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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 

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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 

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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 

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