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Six Reasons Why Your Business Should be Using Online Accounting Software

It's often said that free cash flow is the lifeblood of any business. In order to ensure that business runs smoothly, business owners have to see to it that their accounting and bookkeeping methods are up to scratch. Related reading: Bookkeepers of the Future However, these duties are time-consuming and can take a significant portion of your time. The good news is that technology has made it easier and more convenient to track finances and keep records. With online accounting software, businesses can securely store their data. Free e-book: The Best Cloud-Based Accounting Software for Small Businesses Ready to...

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Guide for Gauging Business Performance

It’s easy to get so wrapped up in the daily grind of running a company that you skip business performance reviews. But the goals you set for your business at the start of the year won’t do much good if you don’t check whether you’re meeting them. The key to success is setting clear goals and checking year-to-year performance carefully, as Focused Energy's partner Drew Lyon says in Business First. "Small businesses grow and shrink quickly,” says Lyon. “When looking at midyear performance against a prior year’s performance, it is easy to be misled into thinking that the business is...

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Best Business Legacy Planning Tips

While everyone needs an estate plan, it is even more vital for an entrepreneur. Indeed, it's too tempting to focus on growing a company while neglecting to consider what may happen to their business if something were to happen to them. The single biggest risk to any venture is a death, explains FE partner Drew Lyon in an interview with Tough Love for Business. This not only puts a lifetime of hard work but household's livelihood in jeopardy. "Without proper planning, the business will go to that person's heir. Ensuring that your organizational documents are in order to prepare...

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