Insurance agencies are sales-focused entities. You are customer driven and results-oriented. But while you are growing your business, you may be mishandling your own finances if you manage them on your own. Even many professional accountants do not understand how insurance agencies operate and the specific
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You may have started 2019 with goals of keeping your books in perfect order, but sometimes life gets in the way. Maybe you hired the wrong employee and they weren’t diligent about recording transactions. You might’ve changed banks mid-year and never reconciled the new account. Any number
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Your credit score can make or break you in your financial life. It can determine what interest rate you pay, whether or not you can buy a home, sign a rental lease, get a credit card, or get a job. Similarly, your business credit can dictate the
Read more →Owners of an equestrian business face challenges unique to any other business. Turning a profit can be difficult and you have to diversify your offerings in order to generate enough income. The margin of error is very small and small mistakes can end up costing your
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If you reconcile your books and realize there is a discrepancy, it can be hard to tell where you went wrong. How do you track down the error, fix it, and prevent it from happening again? Before you pore over every statement and transaction, it can be
Read more →To most people, the word “budget” elicits thoughts and feelings of being limited. It means curtailing impulse spending, drawing out payments over time, and being realistic with income. Business budgeting incites similar feelings. It means taking minimal risks with the business and sacrificing short-term gains for long-term
Read more →When you go into business for yourself, you imagine your days filled with doing what you love. What most people don’t realize is that you will become bogged down very quickly with daily minutiae. Record keeping, creating second and third invoices, and inputting receipts are not exactly
Read more →Technology changes and updates so rapidly today that we often forget how new our basic systems are. iPads have only been around for 9 years! Apple’s iCloud was only introduced 8 years ago. It’s been less than a decade since revolutionary technology has changed the way we
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There’s nothing worse than diving into a stack of receipts, bills, and notes that have been piling up for months. Did you misplace any important receipts? Will you miss out on deductibles? Paper can be a monster that throws a shadow onto otherwise joyful work. When running
Read more →Reputation management is a relatively new area within marketing. In a way, it’s similar to digital public relations; it’s the management of a company’s reputation online. There’s also a customer service component to reputation management. Unlike public relations workers before the internet came along, today’s reputation managers
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