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DIY

Ideas and perspectives for those who blaze their own path.

Thinking About Starting a Second Business?

You're a successful entrepreneur; a self-employed small business owner who's built a nice little operation. But for some time now, you've been marinating on an idea for another venture. Separate from your existing business, you've identified a market opportunity and have built a tight plan on how to attack it. Now you need to figure out if you can take on everything that goes with starting up a new business while keeping your first one successful. Sounds daunting, right? Well, with a little foresight and planning, you can do it. Here are a few points to think on when you're thinking about starting a second business...

 

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Topics: Small Business Tips

What is Operating Cash Flow Margin and Why is it Important?

Coming to grips with your company’s cash flow situation is one of the most crucial ways to measure your business’ financial health. Without adequate cash flow, you can’t expect to stay in business for too long, let alone expand and thrive. What happens when you couple cash flow with another key measurement of financial success, the sales that your business is bringing in? You get the Operating Cash Flow Margin, of course! Read on to learn the simple calculation for this important financial ratio and how it can help you better understand your business’ financial position.

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Topics: Accounting

Multilingual Accounting? Kashoo's Got It!

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Topics: Accounting

Productivity Tips Are Great... But They're Nothing Without This

The web is full of small business productivity tips. From suggestions on how to best work from home to the right tools to maximize your effectiveness and efficiency, there are articles galore. (In fact, you'll find more than a few here on the Kashoo blog.) But here's the rub: all the productivity tips in the world are just words without discipline. So the real question is how do you create and maintain discipline as it relates to business productivity? 

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How to Set Up an Accounting System After You've Started Your Business

It's exactly what you were hoping for. You took a chance and started your business and for lack of a better phrase, business is booming. You're beyond busy with clients, customers or orders. You're up early and working late. Weekends are no longer free. But in all the excitement, some things have taken a back seat. Maybe you haven't had time to get a company website up. Or maybe you haven't dedicated time to recruiting. Or maybe you haven't set up your business accounting yet. If the latter is the case, you need to do two things: 

 

  1. Don't panic.
  2. Get started!

 

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Topics: Accounting

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