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July 2017 / 77 posts found

Jessica Livingston: 9 differences between successful startups and billion dollar businesses

by Manuela
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Jessica Livingston Flickr/NandorFejer There are thousands of tech startups, but only a lucky few (or, technically 205) ever become valued as billion-dollar businesses. So what's the difference between a merely successful company and a billion-dollar one? Y Combinator cofounder Jessica Livingston has a ready answer: "An unpromising idea that blossoms into a frightening big one, and driven founders who see that opportunity and run with it." Livingston cofounded Y Combinator, a Silicon Valley startup accelerator that churns out batches of 200 companies every six months. She's seen thousands of companies become successful. But she's also seen a lucky few like Airbnb [...]

What Franchise Model Is Right For You? #Franchise #Startup

by Manuela
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Many years ago, the most common franchise was the traditional brick and mortar location such as fast food restaurants and storefronts. Modern technology has brought a variety of business models to the marketplace that offer several different models to choose from. Related: Franchise Bible Home Based Businesses Home based businesses are very popular these days since technology has made it possible to perform many business activities remotely. These businesses include accounting and professional services, consulting, digital and other marketing services and a variety of other models. These franchise models offer owners many benefits including lower operating overhead costs, fast and easy startup and the convenience [...]

5 Reasons a Coworking Space Makes Sense for Your Startup

by Manuela
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So, you’ve started your business—where are you going to work? About half of U.S. startups choose to run their business from home, but your home office may not be a suitable environment if your startup is growing and you want to bring more people on board or meet with clients. It can also be difficult to separate home and work life, which actually increases your risk of burnout. When I first set up as a freelance writer, my home office worked out pretty well. But, as my business grew, I started to stagnate at home. It was too quiet. I [...]

Ways Startups Can Fund Their Businesses

by Manuela
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It is one thing to come up with a viable business idea and quite another story to work on it and start a real business. Putting a business from down up can be quite a challenge, especially when you have limited funds. Youths particularly have financial issues when trying out their pilot projects and some boost is always welcomed. But even with the shortage of capital to start you off, you do not have to let your business idea to wash down the drain because there are a number of options through which you can get the funding that you [...]

Don’t let fear steer your small business

by Manuela
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One of my go-to small business gurus is Tim Ferris. Iconoclast, entrepreneur, lifestyle guru, and so much more, Tim gave a new Ted Talk recently in which he advised that instead of goal setting, like so many of us do, we would be better off to engage in an exercise he calls “fear setting.” The essence of the idea is that realistically confronting your fears will do more to get you ahead in life than setting another goal ever would. MORE: Steve Strauss’ column page Tim tells the tale of a time when he was toiling in his first startup. Unhappy, yet [...]

Women Entrepreneurs More Risk Averse than Men, but More Focused on Planning

by Manuela
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Last month we posted a conversation with The Center for Generational Kinetics CEO Jason Dorsey discussing the research study they did with America’s SBDC, titled America’s Voice on Small Business. What Differentiates Entrepreneur Millennials from Previous Generations? To get additional perspective on the results and what they mean, I also spoke with Tee Rowe, CEO of America’s SBDC. Tee discusses how millennial entrepreneurs are different than their predecessors, and how those differences drive changes in the way organizations like America’s SBDC assist in helping them succeed. Below is an edited transcript of our conversation. To hear the whole conversation click [...]

Having a Good Idea Is Not Enough. Here’s How to Turn Yours Into a Valuable Business

by Manuela
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You have a killer business idea. You're excited to bring it to the world. But how do you make it happen? How does the seed of an idea actually help you know how to build a successful business? You don't need to race to raise capital or build out an overly sophisticated product to get going. In fact, this is an expensive and unnecessary approach, especially when an idea is in its infancy. Instead of racing towards developing a final product, you should take time to test the bones of your idea and refine the concept. Here are the key [...]

How to Get the Best Deal on Your Business Loan

by Manuela
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By Carl Faulds When you’re looking for a business loan, you naturally want to get the best deal possible. But with some lenders quoting APR and others a straightforward interest rate, it can sometimes feel like you’re comparing apples to oranges. In this in-depth article, we’ll look at what the headline figures really mean—giving you the information you need to compare loans from different lenders so you can make an informed decision. So, what’s an interest rate? Interest rates affect every aspect of daily life. For example, when the Bank of England changes base rate, it automatically makes the evening news. [...]

If You Don’t Know What You Want for Your Business, How Can You Get It?

by Manuela
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The other day, I was chatting with someone I hadn’t seen in a while. She asked how my business was doing. “Business? Er, it’s fine.” My reply shocked me, because normally I grin and say, “Really well, thanks!” But lately I’ve been feeling a little adrift in terms of what I want for my business, and therefore business hasn’t been booming like normal. I realize it’s my own damn fault. I’m a big believer in setting intentions and making what you want a reality. I do it in my personal life, so why wasn’t I doing it for my business? [...]

25 Businesses You Can Start for Less Than $1,000

by Manuela
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Not all businesses require a ton of capital to get started. In fact, some can be started for an investment of $1,000 or less. If you have between and $100 and $1,000 to start a business, here are some $1,000 dollar business ideas you can use to get started. $1,000 Dollar Business Ideas Personal Trainer For athletically inclined entrepreneurs, you can start a personal training business out of a home gym. You’ll need to purchase some basic workout equipment like weights, treadmills and benches. You can start small or even purchase some used equipment just to get started. Author If [...]

25 Types of Marketing Strategies for Small Businesses

by Manuela
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You’re a small business owner. You don’t have an endless marketing budget, or an abundance of time you can spend doing the marketing yourself for the that matter. You do, however, need to market your products or services to remain competitive. What do you do? Fortunately, there are plenty of marketing approaches small business owners can adapt to successfully market their businesses without breaking the bank! Types of Marketing Strategies Check out the following 25 types of marketing strategies that prove effective for small businesses. Get Yourself a Website Don’t have a website yet? With around 40 percent of the [...]

The New Office Solution for Startups

by Manuela
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If you’re a new startup, the question of an office space may be causing you some stress. This is completely normal. After all, renting a space can be incredibly expensive. Not exactly a cost-effective way to go about growing your fledgling company. However, working from a desk at home while you’re still a one-man or one-woman show can be very lonely. This complicated transition to starting your business is fraught with big decisions. That’s why shared work spaces, built by companies like WeWork, have been founded and are looking to offer you solutions. WeWork is a company that builds beautiful [...]

Startup Tax Planning for Better Cash Flow Management

by Manuela
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Small business owners know a larger than expected tax bill could put a wrench in their company’s cash flow management, a scenario everyone is eager to avoid. But accurately forecasting your tax obligations may seem difficult, particularly when you’re busy running a company. Not only that, tax laws change from year to year. “Many small business owners have no idea what they will owe in taxes until it’s time to pay them,” says Paul Gevertzman, CPA, a tax partner at Anchin, Block, & Anchin in New York. “This may be because they are either not working with an accountant or they are not providing any data [...]

Is Your Business Fundable? 3 Key Factors to Consider

by Manuela
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Whether you’re a new start-up or an established company seeking to grow, you’re likely to need funding to turn your dream into reality. However, needing extra financing is not the same as being fundable, which means the ability to attract the financing you require to put your plan into action. Of course, with all kinds of financing opportunities out there, your business may be fundable by angel investors or a non-bank lender even while it fails to meet the lending criteria required by a traditional bank. While different investors will have different lending criteria, they’ll all be looking to make [...]

5 Easy Ways to Jump-Start Your New Business Right Now

by Manuela
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More than 10 million people in the United States are self-employed business owners who have the privilege of working for themselves, setting their own hours and being their own boss. To many, being self-employed would be a dream come true. Making it happen, though, is a whole different story. I can say first-hand that working for yourself is possible and in fact, it’s not as hard as one would think. We’re busy, we work weekends and work is constantly on both of our minds, but we love it. Both my husband and I have been treading the waters of self-employment [...]

Five Businesses That Started In Garages

by Manuela
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For many people, the idea of just starting their own business lies somewhere in the realm of fantasy. It’s something for someone else to do, something that requires investors and business know-how, or something an average person could never think of doing. The truth, however, is that starting your own business requires only one thing – determination. Well, if history is any indicator, a garage might help as well. You see, some of the largest companies around today got their start from extremely humble beginnings – one or two people with the drive to succeed and a garage to work [...]

How to Start a Party Favor Business

by Manuela
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Weddings, birthdays, and parties take place everyday. Your services as a party favor specialist are in demand. Making favors or keepsakes for parties can be fun, enjoyable and profitable. As a party favor specialist for over ten years, it's not as hard as you think to get started. Getting Started Do you like going to parties or showers? Do color schemes excite you? If so, then this business is for you. The main idea to creating a party favor is keeping the occasion in mind. Usually, your customer will choose the color scheme they desire, but just in case you [...]

What eCommerce Startups Need to Know About Online Sales Tax

by Manuela
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Having an online presence instead of a physical storefront can save you from additional expenses like rent and utilities. But, there are certain taxes that online businesses can’t escape. As the owner of a U.S.-based ecommerce store, you need to understand your tax liabilities. Follow internet business tax laws to stay compliant with applicable government agencies, like the IRS and your state. If you don’t pay taxes, you could end up with penalties, fees, or even a shut business. Understanding your tax responsibilities can free you up to focus on all the other pieces of running your business, so avoid [...]

Start Your Own Expedite Business

by Manuela
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The transportation sector is one of the few industries that are expected to grow by at least 2% in the coming year. That makes for great opportunity for those that want to break free from the pack and start their own business. What will you need? First you will want to obtain your business license and operating authorities or as most call them running rights. Why do I need running rights? You will need your running rights so you are able to transport goods. The government requires that you obtain licensing as well as the companies you do business with. [...]

How to Start a Walking Business

by Manuela
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Starting a hiking or walking tour business can be fairly simple, and it offers many benefits to business owners. You do not have to live near a National Park or tourist attraction to make this business work. In fact, there may be multiple hiking or walking business location opportunities right under your nose - and there may be virtually no competition! There are also other benefits that a walking or hiking business provide, such as exercise, weight loss, social activity, animal watching or simply getting an escape from a daily routine. If any or all of these activities interest you, [...]

It’s Easier than You Think to Start a Business!

by Manuela
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You might be thinking that to start your own business will involve endless hours of workand years of commitment. Well, the truth is that most businesses do require lots of effort. But there are plenty of other types of businesses that you can start on the side or part-time, and get up and running in a number of days. Most of these business ideas require only a small investment; many of them require little if any expertise; and many of them you can operate from your home. The key to finding an easy to start business or a business that [...]

How to Answer "What Makes You Different From Everyone Else?"

by Manuela
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I am a small business owner. I'm a DUI lawyer and criminal defense lawyer who owns his own firm. I work in an extremely competitive industry. I compete on a daily basis with other lawyers trying to do exactly the same thing as I am on price, experience, and on customer service. And with almost every potential client I meet I face the question "what makes you different from everyone else?" It's essentially the same as saying "why should I chose you?" It's an important question that every small business owner, whether a plumber, an electrician, a dentist, or a [...]

What Millennial Women Leaders Can Teach You About Entrepreneurship

by Manuela
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In 2013, a Pew Research Center study revealed some sobering insights into the reasons why 34 percent of millennial women weren’t interested in becoming a boss or top manager. But beyond gender inequality and discrimination in the workplace, some experts also referred to a confidence gap—less self-assurance compared to men—as essential as competence for success. Their study wasn’t specifically about entrepreneurship, but it stands to reason that women, especially millennial women, had some good reasons to lean toward forging their own path—essentially sidestepping inequalities by building their own companies. The figures are more inspiring today: The 2016 State of Women-Owned [...]

How to Create Machine Made Brands

by Manuela
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When most small business owners go about creating a business brand, they tend to think about hiring designers, graphic artists or other creative types to help. Or, to save time and money, they muddle through on their own, with a rudimentary understanding of what they think looks good. Now, thanks to innovations in machine learning, the next wave of business branding might actually be created by machines. Can a machine create a brand better than a human?  And what does that mean to your business as you build your own brand? Can a Machine Create a Brand? Branding and the [...]

Diversity – Protecting Your Online Business

by Manuela
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You may have heard the old saying 'Do not put all your eggs into one basket', but do you know what it means? Ask any savvy investor and they will tell you basically it means not to put all your money into just stocks, bonds, CDs, etc. Some people believe it's better to be diversified [varied] in their investments to obtain steady growth. Another strong point is to protect their hard earned money from a catastrophe, such as a major plummet in stock price or worse a total crash! So how does this apply to your online venture? Say you're [...]

13 Ways to Determine What Global Markets Fit Your Business Model

by Manuela
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For any organization, no matter the size, going global is a major decision that can either make or break your business. If done right, expanding internationally can bring significant success and profit and be a driving force for your company’s continued growth. Small and medium-sized businesses, in particular, are keen on benefiting from the opportunities a new market presents. According to FedEx research, 65 percent of small businesses that are trading overseas have seen exponential revenue growth. But before deciding to enter a new market, organizations have to identify what that market is, based on the services they provide and [...]

How to Evaluate Business Ideas When Starting a New Business

by Manuela
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rawpixel / Pixabay Do you have the itch to start your own company? That’s great! Many entrepreneurs start off by feeling the itch but being unsure about what to sell. If you have a few business ideas you’re tossing around in your head now is the time to evaluate which one you should move forward with. Today’s post will help you analyze your business ideas and pick the winner. Let’s dive right into the analysis. Questions to Ask Yourself About a Business Idea 1. What are the profit margins? Before you place your first order for products from a manufacturer, [...]

Don’t Go Broke: 5 Ways to Validate Your Business Ideas

by Manuela
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Coming up with a new product or business idea can be difficult. And it is even more difficult to have the confidence to make the jump and push through with that idea. You will ask yourself questions like “will anyone buy it?” or “will anyone care?” Well, you’ll never really know with 100% certainty how well your idea will do until you actually take that leap of faith and start up a business. However, there are ways to validate your business idea before jumping in head first. That way you can mitigate risks and build confidence in your idea before [...]

50 Marketing Channels to Use to Reach Customers

by Manuela
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There are endless marketing channels available to small businesses. These channels range in cost, from nothing to a lot. Small Biz Trends takes a look at 50 of the most effective marketing channels small businesses can use to reach customers. Marketing Channels for Small Businesses Facebook Facebook is free, easy to use and offers a great way for small businesses to reach customers. Simply create a business page on Facebook and start posting relevant content to build awareness of your brand. Twitter Twitter is another marketing channel small businesses would be foolish to ignore. Set yourself up with a Twitter [...]

Does Your Business Really Need a Tagline?

by Manuela
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Your brand is everything. How you market it is key to your success. For many years a tagline has been seen as a vital ingredient in your brand's marketing, regardless of your company's size. Those all important well-chosen words sum up your brand's promise and values, but is it still relevant today? If you look at some of today's giants, such as Amazon, Apple, eBay and Google, they do not really have taglines and instead rely on their logo. Admittedly, the chances of your business commanding the same kudos in your industry is unlikely (you do not have their marketing [...]

Making Money Online in Six Steps – What They Don’t Tell You

by Manuela
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Anyone who has been researching how to make money online for any length of time has probably come across websites or articles that claim that you can make money online in 6 easy steps or that the secret to making money online can is to follow a simple formula. If you submitted your email address to gain access to the "ground breaking" information, then you likely have one version or another of these following steps: Identify a niche. Identify a hot market, and find a niche within that market. Identifying a niche within a hot market usually means there is [...]

How to Start a Subscription Business in 10 Easy Steps

by Manuela
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Subscription boxes can be a great way for ecommerce and retail businesses to gain regular customers and expand offerings to fit customers’ changing shopping habits. It can also help businesses that are simply looking to boost sales or move excess stock. If your business is one that’s considering starting a subscription box, check out the tips below. How to Start a Subscription Business Come Up with a Unique Niche There are already tons of subscription boxes out there, including those for snacks, makeup, clothing, sporting goods and more. So if you’re starting a subscription service, you need to have something [...]

Finding Small Business Grants

by Manuela
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Poor financing is the number two reason small businesses fail, falling right behind poor management. Sufficient funding is paramount to the success of small businesses, and small business grants can be the answer to the problem. If business owners have the necessary knowledge about how to find and properly request grants, they have a better shot at creating a successful business that will be open longer and prosper. There are over 300 different grants and loans available for small businesses that are just starting out. The grants range from $25,000 up to $1,000,000 depending on the size and projected success [...]

How to Start a House Cleaning Business on a Tight Budget

by Manuela
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"If you use Emotion and Love to drive your sales and your business, you will create Loyalty Beyond Reason. And I promise you, you will build relationships and enjoy a business that exceeds beyond your wildest expectations" First of all, before you decide to start your cleaning business, make sure this kind of work is right for you. You will need to be in good physical condition. Cleaning is very hard strenuous work. You will need to have good customer relation skills. You will need to have basic office skills and some accounting skills. If you are planning on leaving [...]

Why Start A Home Based Business Online

by Manuela
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Is it a passing fad or is it a growing trend? Is it just a want, or is it a need? In these days, more and more people seems to be getting that bug of wanting to start their own online business. Maybe they're finally all heard that today, the internet is where the money is, and it's easy money at that! The one thing I know for sure and what's a driving factor in my life is that I can not, and will not let someone else tell me what I'm worth ever again. Either it's by the hour [...]

10 Tips for Looking into the Future of Your Small Business

by Manuela
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Small business owners have to constantly look toward the future in order to retain long-term success. This means keeping an eye on tech trends, finding the best times to make investments and adjusting your marketing efforts. For more on looking to the future of your small business, check out these tips from members of the online small business community. Evolve into a Tech Company to Secure Your Future Technology is at the center of so many successful businesses. Even if the product or service you sell isn’t directly related to technology, you can still use tech to secure your business’s [...]

The 50 Best Side Businesses for Teachers

by Manuela
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For teachers, summer is often full of free time. And that means there’s an opportunity to make some extra money. But you don’t have to resort to getting a seasonal job. You can instead start a business that makes great use of your talents during the summer months. Here are 50 business ideas for teachers. Side Jobs for Teachers That Can Turn Into a Business Tutor The most natural business fit for teachers is offering tutoring services on the side. You can help students in your subject of choice with one-on-one lessons over the summer. Selling Online Courses You could [...]

Home Internet Business Opportunities – Respect the Newbie

by Manuela
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First of all if you have read any of my previous articles or blog posts I really despise the word "newbie." For those of you that happen to be newbies, (a slang term for a newcomer to online gaming or an Internet activity) this article should make you feel more confident when dealing with those individuals, or nobies (my new term for NO experience) that May be knocking at your door and kicking the tires of your new online venture to see if you are the right one for them to be in business with. You see, what they do [...]

9 Low-Budget Marketing Strategies Every Startup Can Afford

by Manuela
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Free Webinar | August 16th Find out how to optimize your website to give your customers experiences that will have the biggest ROI for your business. Register Now » Startups face many challenges, but none as precarious or life-threatening as the struggle to remain cash positive. The Minority Business Development Agency (MBDA) estimates the average cost to start a business to be in the neighborhood of $30,000; and there’s significant variance in this figure, with some businesses starting out for just a few hundred dollars and others requiring upwards of millions. Related: More Brains Than Budget? Steal These $0 Marketing Strategies. [...]

5 Reasons Israel Is Ideal for Startups and What the U.S. Can Learn

by Manuela
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The words Israel, "startup nation" and innovation have been thrown together in many a learned conversation of late, and for good reason. Israel has one of the highest concentrations of startups in the world, estimated at about 5,000. And not just any startups: highly successful enterprises that are attracting the M&A attention of the world’s largest companies. In the last 12 months, Israeli startups have seen some major acquisitions. Sony purchased Altair, an innovator of LTE modem chip technology, for $212 million. Cisco followed suit, purchasing Leaba Semiconductor, another chip development startup, for $320 million. Most recently, Intel announced it was acquiring Mobileye, [...]

Successful Subscription Businesses are Data-driven

by Manuela
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I was “digging in the crates” recently and found some really great stuff that for one reason or another I haven’t worked into the series. And although this isn’t a “one on one” conversation, this session from ExCom 2016 — an event I co-organized with eCommerce thought leader John Lawson — is just as relevant today as it was last year. Insights on Running a Subscription Based Business Small Business Trends Publisher Anita Campbell led a great conversation on the benefits and challenges of running a subscription based business, from both a B2C and B2B perspective. Rohan Gilkes, owner of [...]

How to piggyback successful business ideas to build a booming brand

by Manuela
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In the entrepreneurial world, it seems that many people focus their time and resources on trying to develop a brand new idea — something that completely disrupts the marketplace, something that nobody else has ever thought of before. While these ideas can lead to some incredible results, there’s no denying that they also involve a lot of money — and a lot of risk. What if there isn’t a market for this revolutionary idea? What if you don’t have the capital to get off the launchpad? The good news is that you don’t need to try to completely reinvent things. [...]

Influencer Marketing Secrets Revealed: Can it Boost Conversions?

by Manuela
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Every marketer has their little tricks up their sleeves when it comes to promoting their brands. Usually they follow by the same general model, adapting the same practices to different projects, or to fit certain needs. There is nothing wrong with this method, but it won’t work if you don’t add in new ways of marketing as they become more successful with customers. Influencer marketing is a clear example of this thought in practice. Social media has been a powerhouse in promotion for years. But where that new means of marketing meets more traditional forms of endorsement advertising has been [...]

Wholesale Fashion Jewelry – 5 Shortcuts to Retail Success

by Manuela
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Something in the human spirit is always itching for independence and this itch translates to a constant flow of new entrepreneurs that so often gravitate towards fashion jewelry. What is so irresistible about this accessory? Beyond the high profit margins that wholesale fashion jewelry can open for retailers lies an intrinsic beauty that creates truly wearable art. Yes, wholesale fashion jewelry offers plenty of profit potential that enables retailers to turn small investments into the longest mark-up in the fashion industry, but the magic of fashion jewelry's beauty stops consumers in their tracks and this magnetic attraction, more than anything [...]

10 Big, Fat, Ugly Email Marketing Blunders

by Manuela
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By Ronald Kimmons Email marketing is one of the most powerful marketing channels available. It is highly scalable, responsive, and cost-effective. However, in conducting an email marketing campaign, there are some big, fat, ugly blunders that neophytes often commit. These can waste your time and resources, and harm your business—and you should do your best to avoid them. They are: 1. Buying a list There was a time when email marketing meant buying a list, spamming that list, and hoping someone on that list was in your target demographic and would buy. Thanks to the government and email providers, such [...]

Buying a Business? 5 Essential KPIs You Need to Review Before You Buy

by Manuela
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By Bruce Hakutizwi If you’ve ever watched ABC’s Shark Tank, you’ll know the Sharks are at their most vicious when the contestants pitching their business ideas don’t know their numbers. They’ll pounce when questions about basic metrics like revenue, profit margin, and cost of customer acquisition are met with feeble replies of “Ummm…” and “Well…” Whether or not you ever plan to pitch a business to the Sharks, the show is a great learning experience. Watching a business owner’s funding disappear as one potential investor after another drops out teaches you that knowing a company’s key performance indicators (KPIs) can be [...]

The Hidden Mystery Behind Happy Customers? Try These 4 Tips

by Manuela
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The internet has introduced insane levels of competition to virtually every industry. And, as one could expect, higher levels of competition mean better service for customers. Ultimately, this widespread competition has conditioned customers to expect convenience. If you can’t provide this, they’ll go elsewhere. Customers Crave Convenience How much do you know about millennials? Maybe your children are millennials, or perhaps the kid in the cubicle next to you is one. They get a bad rap a lot of times, but much of the negativity surrounding them is based on misconceptions. They’re different than previous generations, but millennials aren’t all [...]

12 Questions to Ask Before Acting on a New Business Idea

by Manuela
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"Eureka" moments can hit entrepreneurs hard. After all, it's natural to see opportunities where others don't. But before you decide to act on that new business idea, you need to make sure it's not just a flash-pan plan. In order to help you decide, ask yourself the following questions: A. Is it a product or a business? A lot of great ideas out there make great products, but creating a business is quite different. Whether your idea is a product or a business changes the way you should proceed. For products, focus on getting the product to market and maximize sells. For [...]

7 Key Steps From a Million Dollar Idea to a Business

by Manuela
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Based on my own experience as a startup investor, and feedback from like-minded friends, we all get pitches for at least ten startup ideas for every one new business plan. New business founders need to remember that investors fund business implementations, not ideas. In fact, investors will tell you that ideas are worth nothing, outside the context of a real team with a real plan. In fact, you can find websites on the Internet offering thousands of new business ideas, including “Cool Business Ideas,” “Ideas Watch,” and “Business Opportunities.” Amazon offers a multitude of books with free ideas, such as “Small Business Ideas,” [...]

Popular Business Misconceptions Cost You Money!

by Manuela
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Faulty information costs you money! Which of these Popular business misconceptions do you believe? Popular Misconception # 1: "We Only Need Our Books Done Once A Year For Tax Provisions." Are Your Accounting Records Adequate To Run Your Business? Although it is important to keep records for tax purposes, It is not the only reason (or even the primary reason) good Accounting records should be kept. Another frequent reason Clients request financial statement preparation is to obtain Bank financing. Although important, this also is not the Primary purpose of keeping good records for your business. Good recordkeeping will enable you [...]