5 Tips From the Successfully Self-Employed

By |July 18th, 2017|

When you make the transition into self-employment, you become the sales, marketing, and accounting departments all rolled into one person. There are a lot of skills you need to learn as a new self-employed business owner. But there are benefits too: you can work from anywhere, have flexible working hours, and be your own boss.
If […]

How Stella & Dot Empowers Female Entrepreneurs

By |July 14th, 2017|

When Erin Reckner’s friends told her she’d be a great stylist for Stella & Dot, she didn’t realize she would be signing up for a fulfilling career in the fashion industry—one that would eventually lead her to netting 50,000 orders in a month.
“I totally started it casually, and loved it from the instant I started. […]

How to Create an Invoice Online

By |July 11th, 2017|

Invoices are one of the building blocks of any business. But despite their ubiquity, there isn’t a standardized way to create, send, or even request payment for an invoice. When it comes time to put an invoice together, some people draw up an Excel spreadsheet, some people use their accounting software, and some even hire […]

The Critical Difference Between Profit and Cash Flow

By |July 11th, 2017|

Profit and cash flow are both important elements of a healthy, growing business, but they are not the same thing.
As Accountiful founder told us, “The thing that sinks entrepreneurs again and again is conflating profit with cash flow. Just because a business is profitable doesn’t mean it’s got sufficient cash flow to sustain itself.”
To manage […]

How to Take Control of Your Cash Flow

By |July 11th, 2017|

You have more control over your cash flow than you think.
When it seems like your income and expenses are out of sync—bills racing in, invoice payments lagging—you actually do have options.
Seasonal swings in income, unexpected expenses and sluggish payments from customers can leave businesses strapped for cash. This video shows how one business turned a […]

Here’s Some Timeless Business Advice: Be the Best and Charge Accordingly

By |July 7th, 2017|

Jason Grubb owns two businesses that seem strikingly different on paper, but he’s applied the same bold approach to each one with great results. His strategy? Be the best, charge accordingly.
Jason Grubb and his wife, Gina, began by building a thriving wedding photography business. At one point there was enough demand for their services that […]

Business Health: How Much Money Are You Really Making and Spending?

By |July 5th, 2017|

How healthy is your business?
If you can’t answer this question with hard numbers, then you don’t really know. The most successful companies have systems in place to make sure that profit is prioritized, expenses are controlled and stakeholders are regularly updated about about progress.
Here are seven ways to see how much you’re really spending and […]

SUTA: What Business Owners Should Know About State Unemployment Taxes

By |June 21st, 2017|

The State Unemployment Tax Act (SUTA) was passed to fund unemployment compensation payments to workers who have lost their jobs. SUTA, along with the Federal Unemployment Tax Act better known as FUTA, collects funds and distributes them to the unemployed.
Unemployment taxes are an important component of payroll and something that many business struggle with. Here […]

SUTA: What Business Owners Should Know About State Unemployment Taxes

By |June 21st, 2017|

The State Unemployment Tax Act (SUTA) was passed to fund unemployment compensation payments to workers who have lost their jobs. SUTA, along with the Federal Unemployment Tax Act better known as FUTA, collects funds and distributes them to the unemployed.
Unemployment taxes are an important component of payroll and something that many business struggle with. Here […]

Looking to Get Acquired? Don’t Run Your Company on Excel

By |June 19th, 2017|

Looking to get acquired?
If you are using Excel as your accounting software, the acquisition process will likely involve unnecessary levels of pain for both you and the acquiring company. A quick Google search of Excel nightmares reveals page after page of basic errors that any company, of any size, can run into using Excel for […]

Looking to Get Acquired? Don’t Run Your Company on Excel

By |June 19th, 2017|

Looking to get acquired?
If you are using Excel as your accounting software, the acquisition process will likely involve unnecessary levels of pain for both you and the acquiring company. A quick Google search of Excel nightmares reveals page after page of basic errors that any company, of any size, can run into using Excel for […]

Made in California: How One Entrepreneur Launched an Outdoor Apparel Brand from Scratch

By |June 14th, 2017|

2013 was the year everything changed for Tony Vontz. First, he got married. A month later, he created a pop-up store outside of his apartment in San Francisco with a batch of shirt jackets—a light, fleece shirt—and sold them to 30 complete strangers.
Two years later, those shirt jackets are part of a core style for […]

How to Create a Profit Sharing Plan for Your Business

By |June 14th, 2017|

As an employer, you may struggle to align the overall success of your business with the individual interests of employees. A common tool used to achieve this alignment is profit sharing. If you can achieve effective alignment through a profit sharing plan, you may enjoy the benefit of increased employee retention, and more buy-in from […]

How One Etsy Seller Made the Leap from Side Project to Small Business

By |June 5th, 2017|

Online shopping was just taking off when online retail powerhouse Etsy burst onto the scene in 2005. The site, which originally sold exclusively handmade items, reclaimed an element of the personal in increasingly impersonal sales transactions where it was suddenly entirely possible for someone to order, pay for, and return an item without ever interacting […]

5 Reasons You Shouldn’t Use Excel to Manage Payroll

By |June 2nd, 2017|

If you operate a growing business, you probably invest a great deal of time processing payroll. Payroll requires you to calculate, report, and submit payments for taxes and worker benefits. If you’re using Excel to process payroll, you’re spending far more time than is necessary.
How Payroll Is Processed
To understand why it’s not a good idea […]