Did you know there is a cost to not staying involved in your bookkeeping? Yes, you should outsource your bookkeeping, but there is a risk of being too hands-off. Let’s talk about the cost of business owners not staying involved in their bookkeeping. How to maintain financial oversight — by working effectively with your bookkeeper…
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If you have any doubt that customer referrals are important, consider these recent stats: According to Neilson, 92% of shoppers trust recommendations from friends and family more than traditional advertising 20% to 50% of consumer purchases are made because of a word of mouth recommendation 81% of buyers are influenced by their friends’ social media…
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Yesterday you had a great idea, today you have a new business – now what? Good news for new business owners: according to the US Small Business Administration, nearly 80% of small businesses survive their first year. However, that number begins to drop as time rolls on. Only half of new businesses pass the five-year mark,…
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A Business dashboard is a valuable business intelligence tool, offering an “at-a-glance” view of a company’s performance. Some business owners use dashboards to track KPIs (key performance indicators) for just one aspect of their business, such as sales growth or financial data. Others want an overview of data from various sources, such as their accounting…
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Did you know that 50% of small business expenses are generated on the go? It’s no wonder the majority of expense receipts end up shoved in coat pockets or an old shoebox. In spite of all of the high-tech options out there, 47% of small businesses are still using spreadsheets for expense management, leaving room…
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