Knowledge is the most powerful tool to achieve or do anything.
Calling all business owners in California! South Bay Business Basics is proud to host a seminar on this hot topic. Come and learn about the possible employment changes needed and what steps you as a business owner need to take to protect your company. Join us as our featured speakers tackle and give insight on […]
Accurate bookkeeping gives you a clear picture of your company’s finances so you can budget, plan and pursue your financial goals. Here are a few best practices for small business bookkeeping: 1. Be proactive about reviewing and reconciling. Promptly review bank statements and reconcile your accounts within 14 days. A back burner approach to bookkeeping […]
Even the most successful of businesses inevitably face a cash crunch or two during their lifetime during which paying bills, giving employee wages, handling operational costs, etc. become a nightmare. Here’s how to avert such adverse events through cost-cutting strategies. We’re not talking about laying off employees or cutting corners from an already tight budget. […]
Your business is like your child, you want to know the ins and outs, you want to be there to solve any problem and to celebrate every success. But when it comes to your business finances, do you ever wonder if it’s better to be the one doing your financial transactions, track all your expenses […]
Holiday season is upon us before you know it Uncle Sam is ready to collect! Here are some tips and advantages to save big on your tax return. Start Early: Gather all your receipts and other important tax documents as soon as possible to give yourself and your tax preparer adequate time to work on […]
It may sound like complex financial jargon but a working capital cycle (WCC) is an important concept for all business owners to understand. Who doesn’t want to find out how quickly a business is likely to turn a profit? The working capital cycle measures just that: how fast a business can turn its assets into […]
Over the past few years, how small businesses manage their Invoicing, Accounting & Bookkeeping have gone through radical changes. Today, an increasing number of businesses are opting for cloud-based accounting systems to streamline their core processes. If you own a small business, you may be on the lookout of a way to make business record […]
There is a lot of talk nowadays about striving to be fulfilled human beings and getting our work life balance right – all very important aspects of the way we now consider work as only a part of our existence and not the ‘be all and end all’ it once was. There is also an […]
Businesses thrive when they combine the two roles of the Visionary and the Integrator. Without an Integrator, a Visionary is much less likely to succeed in the long-term. They simply won’t be able to realize a business’s ultimate goals. On the flip side, if there is no visionary, it’s impossible for an Integrator to achieve […]