The past few years have seen major kinks in the supply chain due to a number of reasons: aberrant buyer behavior, source material scarcity, government shutdowns, and worker shortages, to name a few. What can a business owner do to protect their businesses from shortages and therefore, revenue loss? Your favorite Orange County Bookkeeper has…
If you’re having trouble attracting and keeping staff, you’re not alone. A convergence of issues has created one of the greatest talent shortages in our lifetimes. With boomers retiring in large numbers, pandemic and opioid deaths, people not wanting to work for low wages, childcare availability disappearing, tighter immigration policies, people rethinking their life choices,…
The last few years have been unlike any other in our lifetimes and have caused a large amount of changes in a short timeframe. As we close out 2021 and enter 2022, it’s the perfect time to reflect on what we’ve learned, what’s happening now, and what we want to accomplish in the next 12…
Your Favorite Orange County Bookkeeper is here with a great idea on how to further build connections with your clients, customers, vendors, and employees. As we approach the holiday of Thanksgiving, it’s the perfect time to think about how we can use thank you notes in our businesses and lives to express our gratitude to…
For service businesses, labor cost is typically the largest expense that is incurred in business operations. For many other types of businesses, the cost of labor is a large component of overall costs. Controlling labor costs so that they stay in line with what’s best for the organization is an important management function. Your Orange…
Time is our most precious personal resource; Once we’ve spent it, we’ll never get it back. As busy entrepreneurs, we seem to have less time than anyone else, so it just makes sense to look for ways to use our time wisely. Your Favorite Orange County Bookkeeper is here with a technique that will help…
Your favorite Orange County Bookkeeper is here to share this year’s projected holiday trends and upcoming opportunities for your business! This 2021 holiday sales season will give businesses a chance to continue their online migration from 2020 trends, with possibilities for more refinement and improvements. The goal is to bring as much as possible online and…
It happens all the time. A customer fails to pay on time, the credit card expires, or the check bounces. What can you do as a business owner to spend as little time as possible on these items, but still get the cash collected? Your favorite Orange County Bookkeeper is here to help with four simple…
One of the best tools to forecast cash requirements is the 13-week cash flow forecast. It can help a business owner predict what their cash balance will be 13 weeks in the future. It helps to answer whether there will be enough cash to cover payroll and bills for a particular week. If you are…
At the beginning of 2020, you might have thought that developing a business continuity plan was not a top priority. Or maybe you thought it was only for large businesses. Fast forward to today, and a business continuity plan has become an essential staple in business planning. There are more business risks than ever before…