Amy used to get the 1040 forms from the post office to file her own taxes. One day her neighbor, Becky, asked Amy if she wouldn’t mind filing her taxes as well. Amy thought Becky was a great neighbor and didn’t mind at all. Becky bragged about how helpful Amy...
Getting the Right Referral
A salesperson is trying to sell you his / her service. Your instincts tell you to ask for a referral. However, there’s a small voice in the back of your mind saying they’ll provide you with a list of their best clients. Why not be more specific about your referral?...
Choosing the Right Cloud
There’s a lot of talk about the “cloud” these days. “Cloud” is a fancy name for portal. If you access your banking information online, you use a portal. So how do you know which portal is right for your company? In our search for our “cloud” VBO encountered a few...
The Bookkeeping “Hat”
Sunday mornings on MSNBC there’s a show named “Your Business” (@OPENForum). It’s a show based on helping small businesses. This particular week was a repeat about a makeover for a Bed & Breakfast in CT, Abbey’s Lantern Hill. The owner perfectly illustrated most small business owners; One owner, many hats....
Managerial Financial Statements
One common error small business owners make is failing to create recurring month end Managerial Financial Statements. Typically you can pull your financial statement information off your tax returns at the end of the year. However, there are a few good reasons why you should consider doing an internal monthly...
Getting Rid of that Shoebox!
You don’t do it on purpose. You throw your receipts in a box throughout the month with the intention of recording them at the end of the month. When the end of the month comes, you think quarterly won’t be too horrible. Summer comes, you’re halfway through the year and...