News, Updates, & Resources

Most business owners know that budgeting is important, but may not realize just how crucial it is to the success of their enterprise. A budget is not only a plan for financial stability and growth but also a tool for making tough decisions about where to allocate...

Having key performance indicators (KPIs) in your business can be highly beneficial in a number of ways. By tracking KPIs, you can see how well your business is performing in various areas and make necessary changes if needed. Additionally, KPIs can help you identify...

Many businesses plan their exit strategy only after they have decided to exit. These companies undervalue the importance of having an exit strategy in place. But an exit plan is just as vital to a company's success as its primary business plan. The right time to...

Every business owner strives to succeed and grow, and many look for a sure-shot method to make it happen. We are here to tell you that you already have access to that magic formula. What is it? It’s putting systems in place within your business. It seems too simple,...

Business, as we all know, abounds with conflict — everything from finances to workers’ relationships carries a certain degree of chaos. One of the hardest things about being a leader is confronting them, and providing solutions whenever one is able to. But, what...

Much is written about praising your team when they deliver, which of course you should always do. But how do you respond when they miss those deadlines? Deliver substandard work? Miss their targets by a margin you could drive a camel through? The first thing to do is...

A Profit and Loss Statement, also known as an income statement, is a document that provides an overview of your company's financial standing over a specific time, usually a year. This invaluable tool can help you track where your company is making money and where it's...

The balance sheet, also known as the statement of financial position, is one of the most important financial documents in any business. This document shows the business's financial position as of the stated date. It does this by displaying the company's information in...

When it comes to leadership and management, the two are vastly different. While management consists of being in control of a set of employees to achieve a goal, leadership falls more along the lines of inspiring employees and motivating them to do better every day.