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Using “Systems” in Your Home Business

A system is a procedure or a way of doing things. Those of us who start home businesses often think that we will be able to get away with NOT having set methods or a defined structure and that things can be more laid back and undefined. However, having good working systems is a benefit to even the smallest business. Systems give your home business structure and function. If you set up a system for how you will handle accounts payable and receivable–even if you only get one or two bills and a couple of revenue checks a month–you’ll have … Continue reading →

Pay Business Bills On Time Too

You might be thinking that personal finance and business finance are two completely different worlds. Well, there are some big differences and it might take some time to learn how to do your business bookkeeping and accounting, or you may choose to hire a professional to help keep you on track. Still, there are some basics that are the same for both. Keep in mind that your business can have a credit record too (or your business accounting can affect your personal credit record and financial reputation) and it is important to pay your business bills on time too… If … Continue reading →

Should You Do Your Own Proposals, or Get Professional Help?

For those of us who work as consultants or are in many service-oriented industries, our home business operations require us to make proposals and compete for clients and business. Putting together a top-notch and effective proposal requires time and skill and you may find yourself wondering if it is something that is best done by you–or if you’d get better results if you hired the work done by a professional? While there are definitely basics to proposal writing, what makes a successful proposal can change with business climate. Many consultants or those in businesses where proposals are the norm develop … Continue reading →

Hiring a Bookkeeper or Accountant for Your Business

Yes, we are used to wearing a lot of hats in our home businesses and we are used to doing a lot of jobs and tasks that we might not be particularly “suited” for. BUT, just because we can do something, does not necessarily mean that we should. There may come a time when hiring a bookkeeper or an accountant might be in the best interest of your home business. If you are starting to make more money than you can reasonably manage, or if you have a business that is becoming increasingly complicated financially—it may be time to hire … Continue reading →