Category: Operational Efficiency
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Secrets of Xero Control Accounts – Partial Payments & Refunds
Objective: How to Credit Note an Invoice using Partial Payment for a Partial Refund resulting in Cancellation of Invoice in Xero.
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Why Xero?
WE ARE FANS OF XERO Xero Is A Cloud-Based Accounting Software For Your Virtual Business Needs.
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How Business Structure Affects Taxes
One question that I often hear is what type of business organization should I choose and how business structure affects tax. While reading Accounting Today, which I am sure that all of you do, I saw this infographic (How Business Structure Affects Taxes) recently and thought it was a great reference for a small business…
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Markup vs Margin
Price setting is often a place of mass confusion for small business owners. I know for myself it is hard to find the price that optimizes profits while maintaining my competitive advantage. Understanding the difference between margin and markup on price increases is a must for properly achieving your profit goals.
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Crush the Triangle of Triple Constraints
Triangle of Triple Constraints When performing a service, the provider is often times caught in a quandary between price, time, and quality. The Triple Constraint Theory of Project Management states that one is given the options of Fast, Quality and Cheap, and told to pick any two. The triangle of triple constraints reflects the fact that…
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Rally Around The Barn: Plan to Like People Lessons Learned
A couple of years ago, a massive wind storm that produced extraordinary damage across the Midwest has caused me to realize that success depends on the support of other people. The night started at my 31st birthday party in which the electric went out soon after everyone arrived. I spent the first half-hour with the grill…
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Go Old School with the “Golden Rule” for small business.
I am usually not a huge fan of big business or corporate policies. However we all must deal with the realities of life when convenience or necessities dominate. With that said, this week I was at Wal-Mart and witnessed an action by an employee that every small business owner should emulate.
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Make a Difference: By Dragging One Donkey Up Hill At A Time
Last night I was faced with a dilemma that many of us are forced into almost everyday, however this one proved to be very public. On our way home from a father’s day party my family and I were traveling on the highway when we passed a donkey running the opposite direction down the hill. My first…
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Starting a Small Business – 9 Step Checklist
There are many reasons that keep people from starting a small business and taking control of their lives. I want to give you nine steps that you need to follow when initially starting a small business. The goal of this is to relieve anxiety caused by the fear of the unknown in regards to state and federal…
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Feed Your Brain – Create Mind Bullets With Seven Steps
What the heck does it mean to feed your brain? As I continue to study the path to success, the theme of feeding your mind keeps reoccurring. I have to admit that I enjoy eating so this idea struck me as something that I could probably do well. However, what exactly does this abstract concept of feeding…