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.

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.

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.

The Terrors of Employee Turnover

By Ben Kinsey, CPA

Image courtesy Pixabay

Ask any business owner what’s one thing that keeps them awake at night and nine times out of ten they’ll say their employees.  Whether it’s a fear of having their employees do something that harms the business or sweating the fact that all too many employees simply punch the clock while others are all too easily swayed to jump onto a competitor’s ship, the credo of many a business owner is, “It’s hard to find good help.”