Archive for the ‘Financial Management’ Category

Business Owners: Jump Start Your Tax Season!

Friday, November 7th, 2008

We recently released our November newsletter. This month, it is called 'Seven Steps to a Happier Accountant.' It's written like one of those couch to 5K training programs, and starts you with a pile of receipts and gets you to a point you don't have to be embarrassed ...

Are You Laying Off or Pouring On?

Wednesday, October 29th, 2008

According to the Maine Department of Labor, 2,400 Mainers have lost their jobs in the last year, putting Vactionland's unemployment rate at 5.6% (these numbers are seasonally adjusted). The number is not horrible, and Cumberland county's rate is only 4%. As things slow down, though, maybe you are ...

How NOT to let this happen to you!

Thursday, September 11th, 2008

If you keep up with the local news, then I am sure you have seen this story: Bookkeeper Accused Of Stealing Nearly $400,000 From Employer A bookkeeper for a local company is accused of stealing money by paying her own credit cards with company funds. I'm sorry to say it, but ...

7 Things We Can Learn From Skybus

Monday, June 9th, 2008

Skybus Airlines had a short life. They came on the scene quickly and were flying all over the country in no time. Infinitely more abrupt, however, was their decent into closure. On April 5, they simply stopped flying altogether. Employees were told they no longer had ...

Sell Something People Already Buy

Thursday, May 15th, 2008

I recently read an article on Duct Tape Marketing called What Kind of Business Should I Start?. The article doesn't talk about the legal structure of your business, but rather what you should sell. Some people get the entrepreneur bug, but have no idea what to sell. ...

Telling the Truth

Tuesday, March 18th, 2008

Today on Will Schroter's BIGGER BLOG, he writes a mock sales pitch from a person that has to tell the whole truth and nothing but the truth. The article is called "What if Every Entrepreneur Had to Tell the Truth?" and it is definitely worth the read. Having done sales ...

Are You Replaceable?

Monday, February 25th, 2008

Of course, we all think we are irreplaceable, whether we run a business or not. In situations where you are the only employee of your business, however, you tend to feel like the business could not run without you. Last weekend, my dad, who owns a small janitorial services company, ...

Who is Your Customer?

Monday, February 11th, 2008

Once you have thoroughly described your product or service, it is time to evaluate who your customer is. This is called the Market Analysis part of your business plan, not to be confused with the marketing plan. Whatever you are selling, there are groups of people that are ...

Components of a Business Plan

Wednesday, January 16th, 2008

Now that you have everything set up, its time to do the detailed planning that I talked about. Don’t just sit there and plan for the next six months! You should be out there selling during the day and planning the business at night- or vice versa if you business ...

Forming The Business

Monday, December 31st, 2007

After you have formed your idea using the techniques I described in the previous post, its time to get legal. If you are selling a service, you can begin selling right away and simply pay taxes on the money you receive. If, however, if you will be selling ...