Getting a small business up and running is no easy task, but it can be made simpler by following a few expert tips. For example:
• Get and keep a competitive edge. Some ways to get this edge are by making a product that is hard or impossible to imitate, being able to produce or distribute your product more efficiently, having a better location, or offering superior customer service.
• Make a business plan, no matter how short. Key portions include a break-even analysis, a profit-and-loss forecast and a cash flow projection.
Dome Simplified Bookkeeping Records can help. These are terrific cash record-keeping systems for small businesses. They feature calendars for important dates, filled-in specimen pages and records of income and expenses. The books also contain payroll sections for up to six employees and detachable summary sheets. Plus, they're not dated, so your fiscal year can start anytime.
By: Stacey Moore