Wednesday, July 31, 2019

Adding E-Commerce to Your Company’s Lineup


By Ben Kinsey

Image courtesy wikimedia
If you operate a small business, you no doubt always look for a way to increase profits without increasing cost.  While adding a new sales representative or a new location is one way to increase cash-flow, the added expense of either can sometimes lead to reduced cash-flow, especially in the short term.  That’s because it takes time and money to hire and train a new rep, just as it takes time and money to advertise a new location.  But what if there was a way to add a new sales node onto your business that didn’t require you to add to your payroll or even add to your rent and inventory costs?  Do you think this could help your business?  One of the most efficient ways to achieve this aim is by adding e-commerce to your lineup. 

Wednesday, July 17, 2019

5 Signs Your Small Business is In Trouble


By Ben Kinsey

Image courtesy of Pixabay
One thing that’s certain about owning a small business is that it’s never boring.  Whether your business is a one-man band, a mom & pop shop, or you have graduated to the point where you have a handful of employees to contend with, owning a business is a challenge that many people never attempt.  That being said, owning a small business means having to deal with financial ups and downs.  While most business owners would rather deal with the issues of a business on its way up rather than on its way down, both of these indicators can lead to disaster if you don’t heed the warning signs.

Thursday, July 4, 2019

10 Ways QuickBooks Can Help You Build Your Business


By Ben Kinsey

Image courtesy wikimedia
While it’s true that the American Dream is still alive and well, when it comes to realizing your dreams by owning a small business, you sometimes have to wear a lot of hats.  If one of those hats you are forced to wear is as the company bookkeeper, let me show you how QuickBooks can help make the task not more efficient, but more profitable.

Thursday, June 20, 2019

Surviving an IRS Audit


By Ben Kinsey

Image courtesy wikimedia
Business owners are used to dealing with stress.  That’s because stress is part of the job.  Whether it’s dealing with difficult clients, balky vendors or recalcitrant staff members, business owners are part tycoon and part firefighter.  But when it comes to putting the fear of God into most business owners, nothing comes close causing them to panic than to receiving a letter informing them that their business is about to be audited by the IRS.  To help keep you from going off the deep end should your business ever wind up being audited, I have put together a list of steps to help you survive this calamity.

Thursday, June 6, 2019

All About Bookkeepers and Accountants


By Ben Kinsey

Image courtesy of Pixabay
The first job or any business owner is to get paid.  The second is to make sure that he or she is getting paid enough to turn a profit.  Last but not least, if you want your business to grow, you need to make sure you aren’t wearing so many hats that you wind up running yourself into the ground.  When it comes to charting, planning and optimizing the metrics of a growing business, two of the most important profit builders are the company bookkeeper and accountant.  While neither of these individuals are responsible for driving profits, they are both key when it comes to deriving business profit.  That being said, their jobs are quite different.  To give you a leg up on what it is that they do, I thought I’d take the time to give you my short list that charts their responsibilities.

Wednesday, May 22, 2019

How Valuable is Your Time?


By Ben Kinsey, CPA

Image courtesy Max Pixel
When business owners ask me for advice that can help them enhance their profit potential, one of the first things I bring up is the matter of time control.  While you can’t buy more time, what most small business owners and managers manage to do is squander what little they have.  Since time is money, as a result this winds up affecting the bottom line.  To help you get a handle on managing your time, I’ve come up with my top-10 time wasters which will show you how to stop losing time.

Thursday, May 9, 2019

It’s Not Hard to Find Good Help if You know How


By Ben Kinsey

Image courtesy flickr
When it comes to small businesses there are several complaints that are almost universally expressed by owners.  They hate paying one penny more in taxes than they absolutely have to.  They can never be too credit worthy.  And they all agree that it’s hard to find good help.  While most CPAs can help small businesses solve the first two of these conundrums, I thought I’d go the extra mile to help you handle the third.