Hiring Family Members – What You Need to Know!
Many business owners hire their children, their spouse, or other family members to work in their business. Sometimes this works out well. Other times it causes problems. Here are some of the key pros and cons of putting family members on your payroll. Hiring your...
Surprise Bills: Prepare Your Business for the Unexpected
Getting a bill for an unexpected expense can put a dent in your business’s cash flow. Here are some tips your business can use to handle these unforeseen bumps in the road. Stick to a reconciliation schedule. Know how much cash you have in your bank account at any...
Prioritizing Inventory Management Can Help Your Business
Mastering inventory levels is a key to many successful and growing businesses. Here are reasons why prioritizing your inventory management is something to consider for your business: Less shrink. Shrinkage represents cash that goes to waste because inventory is...
Safeguarding Your Business’s Cash with Segregation of Duties
Fraud and embezzlement don’t just happen at large companies. In fact, theft may be more common in small businesses because many lack internal controls that are typically in place at larger organizations. But the good news is that effective internal controls...
