A business plan can be any length, from a scrawl on the back of an envelope to a detailed plan describing a complex enterprise, more than 75 pages. A typical business plan runs 15-20 pages, with a wide variation. The nature of your business will play an important role in the length and content of the Read More
The following are reasons to think about updating or developing a business plan: You have started a new business and do not have a roadmap. Your old plan does not reflect reality; maybe things have changed faster than you expected. Or you may have changed the way your business operates. There has been a significant market switch. You need Read More
A business plan is a written description of your business. This document describes what you plan to do and how you plan to do it. The plan can assist in the performance of tasks for those who write and read them. They are often used by investment-seeking business owners to convey their vision to potential investors. Read More
Many new business owners are daunted by the idea of bookkeeping and accounting; most have not been trained to any degree in either field. Obviously for the professional bookkeeper/accountant, both are fairly simple. Bookkeeping is the practice or profession of recording the accounts and transactions of a business, whereas accounting provides information about the financial Read More
There is more to managing small business payroll than writing checks and handing them out to employees on time. You need to keep accurate records, calculate and pay payroll taxes, and communicate effectively with employees. Many small business owners are finding that they can simplify the process by outsourcing to a payroll provider to manage Read More
A Virtual Bookkeeper is an independent entrepreneur providing administrative, creative, and technical services. Utilizing advanced technological modes of communication and data delivery, a Virtual Bookkeeper assists clients by using personal expertise and working from his/her own office on a contractual basis. As a business owner, you will not incur all of the overhead expenses associated Read More
When running a business, it's easy to get stuck in a rut. Ruts, even if they are making you money, are not good for you or your business. If you are doing things the same way day after day, you will not create or see new opportunities and might not identify market or industry changes Read More
Many small business owners are focused on growing sales. When there is cash in the bank and customers coming through the door, a lot of business owners don't take the time to see how money is being spent. What jobs or products are the most profitable? It seems the bigger the business, the bigger the potential Read More
The more tax deductions your small business can take, the lower its taxable profit will be. The tax code provisions that govern deductions may not only keep more money in your pocket at the end of the year, they may also bring personal benefit. Pay close attention to the IRS rules and what is, and Read More
When I started my own business as a Virtual Assistant, it seemed like a perfect fit. As I talked excitedly to one of my colleagues one day about the growth of the Virtual Assistance profession, I saw his eyes glaze and eventually he asked, "Yes, but what do you actually do?" I soon discovered that Read More
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