A great entrepreneur will always be on the lookout for ways to improve their business. Efficiency is a goal everyone wants to achieve when it comes to business because it can translate into less work and more profits. Below, Your Favorite Orange County Bookkeeper has listed five ways you and/or your staff can become more…
Your favorite number on the balance sheet might just be Cash. It’s easy to understand and something every business has. But there is a more meaningful number, at least in the long-term sense, and that’s equity. Below, Your Favorite Orange County Bookkeeper takes a deep dive into the equity section of the balance sheet. The…
Remote working has exploded in the last few years, especially in professional services. Now that companies are seeing the benefits of remote working, they are also seeing the benefits of an expanded pool of potential employees. Some firms are hiring employees that live several states away from where the office is located, which comes with…
Every business has competitors of one sort or another, and in many industries, it’s crucial to know what your competition is offering their customers. The good news is Your Favorite Orange County Bookkeeper has some suggestions on how you can find out what your competition is up to. This is where mystery shoppers come into…
Whether we’re headed for a recession or not, it’s always a good time to squeak out more profits from your business books. We’re not talking about drastically slashing expenses or spending a lot to raise revenue; Your Favorite Orange County Bookkeeper has 5 great tips to gently lift up your profits in the long-term that…
Every successful business owner needs accountability for the sake of their business. Entrepreneurs are excellent in running their day-to-day businesses, but some need more accountability to meet internal deadlines and long-term goals. Your Favorite Orange County Bookkeeper has some suggestions on how you can increase your accountability. Setting Goals and Deadlines The first…
Can you believe that almost half of 2022 is gone already? That means it’s a great time to take stock of how your business has done for the first half of 2022 so that you can meet your financial goals for the entire year. Your Favorite Orange County Bookkeeper is here to help! On Track…
A refund policy defines the processes and rules for when customers want their money back and want to return the products or services they purchased from you. It’s often required by your credit card or shopping cart company as part of maintaining PCI (Payment Card Industry) compliance. Plus, it’s just a good business practice to…
Measuring and encouraging customer retention is important for businesses in many industries. There are a few great measures to see how you are doing in this area. Your Favorite Orange County Bookkeeper is here to provide some tactical tips for keeping customers coming back! Measuring Customer Retention The most common metric to measure customer retention…
Most entrepreneurs would agree that owning a business is an incredible privilege, and they would likely never want to go back to working for someone else. However, we all have our days! And sometimes those rough days can turn into weeks. When we’ve temporarily lost a little bit of our entrepreneurial passion, how can we…