With a large tub of ice cream in my lap, I watched The Avengers a few nights ago (I’m rewatching all of the Marvel Cinematic Universe movies in release date order.) I nearly dropped my spoon in excitement when I heard Black Widow mention an accounting concept, the one we’re talking about today…
If 2020 has taught us nothing else, it’s certainly taught us how important an emergency fund for your business can be. Fires, floods, riots, and a pandemic are just a few of the things that business owners have had to deal with in 2020…
The term “virtual office” might have sounded strange a few years ago, but today the concept is fairly standard. A company may not have a fixed address but still function as a provider of goods and services. Because of the rise of telecommuting and remote working, there’s less need for a business to operate from a traditional brick-and-mortar location…
Many aspiring entrepreneurs think the key to growing a successful company is linked to the ability to secure investor funding. For some businesses this may be true, but many successful companies have been built from the ground up with no outside investment or support, aka bootstrapping. It takes great dedication, strong work ethic, sweat equity and an immense amount of drive to bootstrap a business to success…
Without a doubt, 2020 takes the title of “The Year of Risk.” The dangers of simply going to the grocery store or gathering with friends and family cast a bright spotlight on the concept of risk, our perceptions of it, and its effects on human behavior. Yet I would argue that risk perception — how we perceive and interpret external danger — carries new meaning and implications amid the current crisis. Beyond the sphere of our personal lives…
If you run a data-oriented company, you have clear key performance indicators (KPIs) and objectives and key results (OKRs) that you review personally or with your team on a monthly, quarterly or annual basis.
These are typically run-of-the-mill data points: customer retention rate, operational cash flow, profit margin and more....
The security of e-commerce has come a long way since its inception, but plenty of risks still abound for businesses selling online.
E-commerce scams, online retail fraud, cybercrime — whatever you want to call it, if you’re an e-commerce small business owner, this stuff probably keeps you up at night. That’s because if you are a victim of fraud…