Archive for Business Health - page 3

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As a small business owner, ensuring a steady cash flow is vital to the success and growth of your company. Embracing the convenience and efficiency of automatic ACH (Automated Clearing House) payments can significantly increase your predictable cash flow management. In this blog, we will explore how small business owners can increase cash flow by leveraging automatic ACH payments to receive payments from clients.

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The topic of artificial intelligence (AI) has been in the news quite a bit recently, and one of the reasons is the launch of an AI chatbot called ChatGPT. The GPT in ChatGPT stands for generative pre-trained transformer, which is a program that can realistically write like a human and interact in a conversational way.

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It’s the perfect time for taking a strategy check in your business to see how you’re doing for the first half of 2023 as well as to plan something fun and productive for summertime.

Here are five business strategies to help you regroup, reassess, and rejuvenate your business halfway through 2023.

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It’s the perfect time for taking a strategy check in your business to see how you’re doing for the first half of 2023 as well as to plan something fun and productive for summertime.

Here are five business strategies to help you regroup, reassess, and rejuvenate your business halfway through 2023.

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In today’s competitive job market, finding employees who align with your company’s culture and mission can be a daunting task. It requires a dash of creativity and a strategic approach to attract individuals who possess the right skills and mindset. In this blog, we delve into the art of finding the perfect employees and explore unconventional methods that can help you build a team of exceptional talent.

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There has been so much in the news lately about artificial intelligence, especially ChatGPT. Tech executives can’t stop saying it in their earnings call, and conversations with other business owners revolve around how and why they are using ChatGPT. Even big names such as Mark Zuckerburg and his “Year of Efficiency.”

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Recently we have been discovering issues where our clients are not the master administrator on their software, bank accounts, social media and websites. Some entrepreneurs might think that it is not a big deal, because they trust the person running the software.

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In the last few years, the shortage of accounting professionals has grown tremendously, and many business owners are struggling to find reputable, quality accounting services. Prices for accounting services may have gone up due to this supply/demand imbalance, and they will keep going up for years to come– due to the shortage of accounting graduates and the overall pipeline. It makes sense to explore how to work better with your accountant as they become more and more scarce and in demand.

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Being in business means taking a lot of risks, especially financially, and as an entrepreneur, you deserve to be rewarded for those risks. Your pay is just one of the many benefits of your self-employment. But it’s not like the pay you get as an employee, there is more to just picking a number for salary.

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This is the first report you should be reviewing every month and comparing it to last month and last year. Once your books are reconciled this report can give you good information to make future decisions. Your profit and loss statement reports the total income of your business minus the expenses. It gives you a baseline of the health of your business.