November 24th is Small Business Saturday. American Express has a whole series of commercials telling us to support our local small businesses during our holiday shopping trips, but WHY is it really important?Unless you have been living under a rock you have heard of global...
The Top 10 Rookie Mistakes for EntrepreneursBy JAY GOLTZTHINKING ENTREPRENEURAn owner’s dispatches from the front lines.Many people who start businesses, including me, have little or no experience and just jump in. Over the years, I have compared notes with many fellow entrepreneurs, and I have seen...
Have you ever pondered writing off something on your taxes that is not so run of the mill? Maybe you thought about writing off your clothes for work even if they weren't a uniform? Well here are some of the wildest tax deductions around. I'm...
From The Association of Independent Bookkeepers:Bookkeeping v. Accounting:Accounting includes the recording, compiling, record keeping and analysis of all financial transactions and events, including presentation of the financial statements (income statement, balance sheet and statement of cash flows).Bookkeeping focuses on the recording, compiling and record-keeping of financial transactions and events; it does not...
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How do you work with others who think differently?The greatest misconception I have had in my own business life is that there is such thing as common sense. The reality is that there is nothing common about sense and no two people will ever see...
If you were to do an autopsy of a failed business you might find one of many causes of death. Like heart disease failure to continue to learn and grow is a fairly common cause of death. Heart disease can be prevented, or at least...
American companies work in a largely free capitalist economy limited by imagination and a few other influences. One of the many influences on American business is employment law and tax, yet so many small businesses know so little about the rules and laws that govern...
In business you have more partners than you know. Most folks think they only have a partner if they have someone who operates their business with them or an investor who was given shares. Those are partners but the reality is that even your vendors...
With summer comes all kinds of challenges. If you are a seasonal business it can even more challenging. Keeping track of employees, expenses, charging cards on the go, and keeping your life in check can all be helped along with the vast array of apps that...