Tips for Collecting from Late-Paying Customers

When you’re running a small business, you need working capital to cover operational expenses and purchase inventory. If customers fail to pay, this cash is tied up in your accounts receivable. That’s why make debt collection an integral part of your cash management...

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Is it Time to Hire an Accountant?

As a small business owner, it is critical to ensure the financial accuracy of daily transactions and use that data to make decisions for the future. As your small business grows and you take on more customers, vendors, and employees, keeping track of how much money...

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Benefits of Incorporating Your Small Business

Entrepreneurs often launch their companies as sole proprietorships and avoid incorporating because they think it is a difficult, time-consuming process or because they believe it’s unnecessary for a small business. Although you certainly are not required to...

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How Many Hats Must Small Businesses Owners Wear?

Entrepreneurs and small business owners are often taken to task for wearing too many hats. However, the ability to perform multiple functions – and be an effective “Jack of all trades” – is a reality that most business owners deal with as they work to grow their...

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