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Best Business Practices

Get Your Business Costs Under Control Today

November 20, 2020 by Admin

Increasing your profits requires selling more and/or spending less. While building up your sales may require an extended effort, business costs are often very ripe for a quick trimming. Here are some possibilities. Supplies and Other Purchases Usually, in any business, relatively few items represent a very large share of all outlays. The first step… [Read More]

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Find and Keep the Best Talent for Your Business

August 11, 2020 by Admin

Finding the best candidate to hire is often costly and time-consuming. But, if your new hire turns into a loyal, hardworking, long-term employee, your investment may be worth every cent and minute. Locate Candidates How do you find good people? In the past, people who were job hunting would look in the “help wanted” section… [Read More]

Filed Under: Best Business Practices

Do You Have a Business Continuity Plan? You Should

December 18, 2019 by Admin

What if disaster strikes your business? An estimated 25% of businesses don’t reopen after a major disaster strikes.1 Having a business continuity plan can help improve your odds of recovering. The Basic Plan The strategy behind a business continuity (or disaster recovery) plan is straightforward: Identify the various risks that could disrupt your business, look… [Read More]

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As a Corporation You Need to Follow the Rules

November 21, 2019 by Admin

When you started your business, you may have formed a corporation to protect your personal assets from lawsuits against your company. However, you must also operate your business like a corporation — or risk losing the liability protection you expect to have. No matter how long you’ve been in business, always treat your corporation as… [Read More]

Filed Under: Best Business Practices

Take Advantage of Your Financial Statements

June 15, 2019 by Admin

Financial statement information is most useful if owners and managers can use it to improve their company’s profitability, cash flow, and value. Getting the most mileage from financial statement data requires some analysis. Ratio analysis looks at the relationships between key numbers on a company’s financial statements. After the ratios are calculated, they can be… [Read More]

Filed Under: Best Business Practices

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