Home Business Management Tips and Resources

Home business management tips

If you plan on running a business out of your home, you need to acquire some home business management skills that are easy to learn and easy to implement. While there isn’t a blueprint for success, there is a rough outline. It’s not enough to want to run a home-based business – you have to know how. You can go the “trial and error” route (many home business owners have done so), or, you can learn from others’ experience to save yourself time, effort and possible heartache. Read more

6 Reasons to Do Your Own Bookkeeping

Do your own bookkeeping

If you are a freelancer or run a home-based business there are compelling reasons to do your own bookkeeping. Many small business owners would rather outsource to an accountant. Often, they believe bookkeeping/accounting is too complex and time-consuming. Beyond having up-to-date, organized and compliant records of business finances, bookkeeping can give you insight you need to plan for growth. One thing is certain, if you do your own bookkeeping, you’ll really understand your business’s bottom line. Read more

A Bill Tracker Could Save Your Small Business

View all bills

If you run a small business, a bill tracker can save you from financial headaches, such as cash flow problems. Why track bills? If you are like many small biz owners, you are busy…perhaps too busy to monitor bills and bill payments. While you could use a spreadsheet to track bills – from aging payables to payments made – a spreadsheet is a lot of work for little payback. Sure, you’ll know how much you owe and have spent on expenses…but the work involved doesn’t result in metrics that can help you make decisions to improve problems related to expenses. A bill tracking spreadsheet is also not connected to an accounting system, typically. Read more