There are two basic elements to running a profitable business: income and expense. You have much less control over the income; however, there is usually more emphasis towards increasing the income. You’ll find that controlling expenses is just as important as increasing income when trying to improve profitability. You could be making large amounts of sales, but if you aren’t controlling your costs, it will kill your profitability.  

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Credit used to only be needed for a mortgage, car loan, or other small loan. However, society is becoming increasingly dependent on using credit to make decisions about extending goods, services, or a job to you.

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A large number of business owners don’t thoroughly consider their needs when selecting an accountant. That is because most don’t really understand what their needs are. This article provides information and questions to ask when selecting an accountant that can truly help your business grow.  

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According to the US Department of Commerce, more than 750,000 new businesses start up every year. Unfortunately, 80% of those businesses will fail within the first 5 years. Of the 20% that do succeed, 80% of that group will also fail within the next 5 years.

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