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Accounting

Did You Pay to Invest Your Time in the Right Payroll Provider?

You run a business and wear many different hats, one of which is making sure that those you employ are both productive and satisfied with their jobs. So, imagine the feeling in the pit of your stomach when you come to realize that the payroll provider you hired to make sure all your workers are...


8 Ways to Clean up Your Business Credit Report

A complete and accurate business credit report is like a gourmet meal to a loan underwriter.  Your business credit report is important for your company getting a business loan, because it tends to verify the information provided in your credit application and business plan.  Much like a personal credit report, unless it is managed, the...


How to Choose a Bank for Your Startup

It happens that two people I care about are both starting their own professional service businesses. Both of them are really good at what they do as the main core of their business, and neither has any experience with the basic admin. I wanted to help, and as I got going, I realized that this...


How to Avoid Bankruptcy in Year One of Your Business

The amount of businesses that cannot even survive for a single year is alarming. Depending on what statistics you look at, anywhere from 4% to 25% of businesses fail in their first year of business. Sustaining operation for a single year doesn’t seem like a long time, so how can one ensure the business they...


Food Service: How Much Is That Broccoli in the Window?

High expectations and a vision of success dance in the heads of every new restaurant owner. Weeks of work goes into planning menus, finding your niche, costing out the food and hiring your crew. Failure is not an option! Except it is. And a very real one.


Use Tax Accounting to Inform Your Planning

Looking at your tax forms for the year gives you a detailed history of your individual income. If you’re a business owner, your corporate tax return should give you the same kind of assessment of your business revenue stream, deductions or exemptions, and costs. While it’s a favorite adage of ours here at Bplans that...


Establish a Records Retention Schedule for your Business

All of us know, or should know, that we need to save and safeguard our business records. When we start up it’s easy to hang on to every document, receipt, invoice, and business record. But after a few years we find that all these records we’ve been keeping are taking up more floor space in file cabinets...


Angel-Eyed Skepticism on Sweat Equity

I’ve bathed in sweat equity before. I went several years without salary at Palo Alto Software, once in the beginning and again when we hit the downturn in 2001. I didn’t have a choice; there was no money to pay me. You build a company, sometimes you have to settle for what’s possible. I made...


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