How much capacity does your business have?

A while back I wrote a post about how you’re a good philosophical approach to business is to think of it as building an asset, and I used a neighborhood building under construction as my inspiration (which you can read here).  Well, I haven’t seen any construction activity for a while, the building appears to be completed, but it’s empty!  There’s available capacity, but the owner isn’t making any money from it. Continue reading “How much capacity does your business have?”

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How to Streamline Your Bookkeeping

One of the keys to effective financial management is to have efficient bookkeeping.  By this I mean that data is entered quickly, correctly the first time, and consistently.  Efficient bookkeeping contributes to success for two reasons.  First, accurate reports are issued, and this means making informed decisions based on accurate information.  Second, spending time fixing errors means takes away from time being spent analyzing the numbers.

Here are five key ways to make bookkeeping efficient in your business: Continue reading “How to Streamline Your Bookkeeping”

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