As we welcome a new year it’s a perfect time to reflect on the trends that will impact us and our businesses. Team One Accounting has compiled a list of trends in 2020 for your consideration and reflection: Trend #1: Sustainability Concern for the environment has made the list for core values by many companies.…
Congratulations, you have landed a new customer! In this particular climate, sparking fresh interest in any business can be challenging. Yet, you did it. Now comes the next part: What to do after you have officially landed that customer. Below is an essential to-do list from Your Favorite Orange County Bookkeepers that will not only…
One of the most important parts of managing a business is making sure there is enough cash to keep the business running. As a business owner, you probably have an idea how much cash is in the bank at any time. The smaller your business, the more likely you are to keep an eye on…
As an entrepreneur, you likely place a high value on freedom. When the word “budget” is mentioned, you may feel like it hampers your freedom. But it’s really the opposite; Here’s why: According to a 2019 article in Small Business Trends, “Startup Statistics – The Numbers You Need to Know,” 82% of businesses that fail,…
There’s a difference between procrastinating and prioritizing. Great entrepreneurs know how to put the most important tasks first. Would you call yourself a procrastinator? If so, you’re not alone, and with our to-do-lists growing daily, the percentage of people who procrastinate chronically has increased over the last few decades. If you find yourself procrastinating and…
Every business has customers, and while all customers are important, most entrepreneurs will agree that some customers are more important than others. This may be due to the amount of revenue the customer brings in, their ability to refer new clients to you, the interesting challenges of the customer, or another factor. Your Orange County…
Having repeat customers is essential to many businesses. The key to keep clients coming back is to provide them with great customer service. Here are five ideas to rate your business’s ingenuity when it comes to serving customers. 1. Make a great first impression. When customers make a purchase from you, make them feel great…
We recently hired a new part time person for our team at Team One Accounting. Hiring a new employee is a big accomplishment in any small business, and there are a lot of steps involved, too. Here’s a handy checklist from your favorite Orange County Bookkeeper to help you stay organized when you bring that…
One of the most important success factors of small businesses is the ability to generate revenue, and to do that, most businesses need to market their services and products to bring in new customers and sales. The challenge for small business is how to make their marketing dollars work the hardest, and this requires careful…
One of the biggest challenges for small businesses is managing cash flow. There never seems to be enough cash to satisfy all obligations, so you must speed up cash flow when you can. Here are five tips you can use to get your cash faster or slow down the outflow. 1. Stay on top of…