small business owners

A solid, focused, well-written business plan is about more than simply securing funding when you’re first starting a business. With the right business plan, you have a map of the future. You have in-depth directions on how to get your business from where it is today to where you want it to be.

Yet, as any small business owner can tell you, things change. The market might experience some upheaval, and so you adjust your business strategy on the fly. After a couple of years, your business plan might be rather irrelevant to what you’re actually doing on a day-to-day basis.

To take advantage of the benefits a business plan offers, you need to make some updates. Here are some … Read more →

Part of running a successful business is recognizing which functions to do yourself, and which to hire out for. Taxes are one of the first areas that small business owners tend to look for additional help. You hire a tax accountant for one primary reason: you don’t want to pay more on your taxes than what is absolutely necessary.

Yet, the fact of the matter is that your tax accountant may not be doing the best possible job on your behalf. Most tax professionals don’t work proactively, and that costs you money at tax time. There are three reasons why some tax professionals don’t work proactively:

1. They don’t work on a year-round contract.

If you only meet with your … Read more →

When you have a home-based business, time is truly precious. Sure, you have the flexibility to do things that people who work a nine to five job can’t do, but you also often wind up working much longer hours, too. By the time you’re done working, there’s so little precious time to spend with family, the last thing you want to do is clean the house. For many small business owners, a housekeeper is just the solution they need.

Not only that, if you have a home office where you have customers or clients visit you, you want to make sure everything is tidy and presentable. Keeping your office in top shape is a legitimate business expense. That means tax … Read more →

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