As a business owner, you are used to facing never-ending checklists to help get your new ventures up and running. Before the first customer walks through the door, the new owner has already tackled seller’s permits, licensing, zoning, and registration, among...
The beginning of the year is anything but dull, but after the holiday celebrations, it’s time to settle down and get organized for tax season. While employees might not have taxes on the brain until April, businesses, and employers are busy preparing early on....
Before we had paper money, developed countries like the U.S., Canada, Japan, etc. used commodity money; finite goods with intrinsic value like gold, salt, and cocoa beans, as mediums of exchange. Even today, developing countries use commodity money as currency. In...
Metrics are an important tool to measure results and drive the right behaviors in a business. The best businesses utilize metrics to improve results and involve staff at all levels in the reporting of these results. However, one mistake that business owners often make...
In order to protect your business you must regularly evaluate internal controls. Doing so will ensure effectiveness and efficiency of operations and support reliable reporting. Here are five internal controls your company should evaluate: Signature Stamp Do you have a...
Stock options can be a great way to motivate key employees, help them feel more invested in the future of the company, and make overall compensation plans more attractive to current and prospective employees. For these reasons, it is becoming increasingly popular for...
