COVID-19 Business Update – February 24 2021

The COVID-19 pandemic wasn’t the first to sweep the globe, nor is it likely to be the last one. Through history, pandemics have shaped our world, as this historic lookback in the Washington Post explains. One such plague likely contributed to the fall of the Roman Empire, when disease –likely measles and smallpox – swept through the ancient world and killed 5 million people over 15 years. The Black Death…  Read more

8 things your invoice needs in order to get paid faster

So you’ve set up your business and sold some products and services. Now, you have to send an invoice to collect your payment. But what should you include on your invoices in order to get paid faster? Even if you’ve been running your business for a while, you might be missing other information that you should include. So here is a step-by-step guide on what to include on your invoices.…  Read more

COVID-19 Business Update – 17 February 2021

Keeping people safe in the pandemic requires a comprehensive approach, as explained by Aaron E. Carroll, a pediatrics professor at Indiana University. By taking the pandemic seriously, “far from posing a risk to its host city or town, a university could become—by supplementing behavioral measures such as masking and social distancing with widespread surveillance testing—a model for detecting and suppressing the virus.” By the time IU’s 87,000 students return to…  Read more

How Accounting Software Can Increase Profits

Most small business owners who use accounting software quickly master the basics. They automate processes like invoicing and payroll, track expenses, and view real-time financial reports to manage cash flow and make better business decisions. But what many business owners don’t take advantage of are key insights that can improve customer care and increase sales. Here are some smart ways you can use your accounting software to help boost your…  Read more

COVID-19 Business Update – 10 February 2021

Although most of us have not been able to travel for much of the last year, that didn’t stop The Guardian from hosting a travel photography competition. Stunning landscapes, colorful marketplaces, and chance photos that capture an unforgettable moment are all among the winners in the many categories. We may not be able to travel safely yet, but we can at least travel in our imaginations. STIMULUS UPDATES Progress on…  Read more

Using KPIs to monitor and improve business performance

The key performance indicators (KPIs) for one company will invariably be different from the KPIs of another firm.  What both hypothetical companies share, however, is the challenge of selecting which KPIs are best suited for measuring the goals and progress of their particular business model. Indeed, entrepreneurs have a vast array of reports and data sets from which to choose and select, but that data needs to target those specific…  Read more

COVID-19 Business Update – 3 February 2021

Keeping people safe in the pandemic requires a comprehensive approach, as explained by Aaron E. Carroll, a pediatrics professor at Indiana University. By taking the pandemic seriously, “far from posing a risk to its host city or town, a university could become—by supplementing behavioral measures such as masking and social distancing with widespread surveillance testing—a model for detecting and suppressing the virus.” By the time IU’s 87,000 students return to…  Read more

9 reasons to switch to cloud computing

Don’t be left up in the air by traditional IT solutions. Check out the top 9 advantages for small businesses switching to cloud computing. Cloud computing is fast becoming the norm because storing information and using software hosted on the Internet has many advantages.   1. Save money Traditionally, a small business spends money licensing software or buying packages to install or download onto individual computers. Cloud computing, on the…  Read more

COVID-19 Business Update – 27 January 2021

For many of us, it was our networks that helped us get through the last year. That was one of the lessons that Ivan Meisner, founder of BNI, learned from 2020. He also learned the value of limiting exposure to bad news by picking up what he needed to know from news apps. One business owner struggled with the stress of working from home while overseeing remote schooling for his…  Read more

5 Ways to Save Money for your Business

Looking for simple ways to cut costs? These tips will help you make a noticeable difference to your bottom line. 1. Reduce staff costs Without a doubt, having someone to help deal with routine tasks can greatly improve productivity. The rub is that hired help is often too expensive for small business owners. Internships can be a real win-win: a student gets hands-on experience assisting you with marketing, accounting or…  Read more

COVID-19 Business Update – 20 January 2021

Vaccines for the coronavirus are now being administered around the country, but that may not mean an end to wearing a mask. This article from Kaiser Health News lists five reasons to keep wearing a mask, even after receiving the vaccine. The top two reasons are that no vaccine is 100% effective and that vaccines don’t provide immediate protection. According to one of the experts cited the best way to…  Read more

Surprisingly Destructive Habits You Should Avoid as an Entrepreneur

Entrepreneurs want to have their hands on every aspect of their start-up. This is understandable, as many entrepreneurs come into their respective industries from a place of passion. Their passion will drive them to spend long nights at the office, working hard every hour of every day. Unknown to them, this kind of attitude can actually lead to some destructive outcomes. You must avoid these habits, despite the allure of…  Read more

COVID-19 Business Update – 13 January 2021

The COVID-19 pandemic may have an economic impact far beyond last year and the two or three. A recent report by the World Bank projects global economic growth to slow to 1.9% per year from 2020-2029. Prior to the pandemic, growth was projected to be 2.1%, down from 2.5% over the previous decade. Investments in infrastructure, diversifying economies and supporting the employment of women may help to mitigate or reverse…  Read more

Ideas for business goals this year

The start of the year is the perfect time to dust off last year’s business plan and set some new goals for the future. While some entrepreneurs love planning, others feel overwhelmed by the process. How do you decide on just a handful of goals that take priority, with so many moving parts that make up a business? These tips can help you get started brainstorming how your company can…  Read more

COVID-19 Business Update – 6 January 2021

Happy New Year! Without computer, telecommunication, and cloud technologies, working from home during the pandemic would not have been possible. Looking back at 2020, Gene Marks a contributor at Forbes, put together a list of the 13 tech stories from 2020 that stand out for small business. For example, a Microsoft engineer who exploited a loophole to steal more than $10 million from the company’s online store underlines the need…  Read more

Update your business plan for a new year

As another year winds down, it’s a good time to reflect on your recent business successes – and consider what you’d like to achieve in the coming twelve to fifteen months. These tips can help you with the process of making plans to help guide your business to greater success. Set priorities Entrepreneurs are typically highly creative and optimistic; as a result, they often have difficulty narrowing down their ideas…  Read more

Planning the year ahead

The turn of the year usually prompts most people to think about some business planning for the year ahead. Here are some tips to make planning more productive. Get your team involved Business planning works best when it’s a team effort. Involve your key staff and your advisors, such as your accountant, your mentor (if you have one), and others who can contribute meaningfully to the planning, such as an…  Read more

COVID-19 Business Update – 23 December 2020

Because we know you’re busy, we’re keeping this issue extra short. Just in time for Christmas, Jupiter and Saturn appear in close alignment this week, forming what some have called a ‘Christmas Star.’ The last time this happened was in the spring of 1226, when Notre Dame cathedral was under construction. Their closest connection will be on the Winter’s Solstice, when they will look like a double planet. To see…  Read more

Enjoying a stress-free holiday

As a business owner, it’s important to take time away from work. But worrying about whether the staff is meeting deadlines and suppliers are happy translates to more stress and less time enjoying your holiday. With a little staff communication and planning beforehand, you needn’t worry that your business won’t be able to cope with your absence. If you really can’t switch off from work mode or something urgent pops…  Read more

Ramp – the corporate card of choice for Bean Counter 4 Hire

Bean Counter 4 Hire is proud to announce its partnership with Ramp GET RAMP   The only corporate card and spend management platform that automates your accounting and lowers your bills. Deploy in 15 minutes    Close your books 5x faster    Save $100,000+    1.5% cashback. Ease of use Ramp has award winning user experience, does away with expense reports entirely, and saves finance teams 5 days/month on average. Receipt matching…  Read more

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