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DIY

Ideas and perspectives for those who blaze their own path.

How to Fire a Client

If you own a business in the independent consulting world, you've undoubtedly been in the situation where it is crystal clear that you need to fire a client. The reasons for such a split vary widely from company to company, industry to industry, so we won't delve too deeply into that. But we will share a few tips and best practices on how to fire a client. Because let's be honest, it can be a really, really hard thing to do. 

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Topics: Small Business Tips

Tracking the Money You Put Into—And Take Out Of—Your Business

Starting and growing a small business takes not just hard work, but money too. Throughout your business's life, there may be times where you yourself have to invest in the business. (Spend money to make money, right?) That said, properly tracking money that you invest into and take out of your business is critical. Here's quick look at how you do just that in Kashoo.

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Topics: Accounting

Small Business Owner Concerns: What Keeps You Up At Night?

Everyone has stuff that keeps them up at night, but small business owner concerns are a totally different animal. So we took some time to gather up the most universal not to perpetuate fear, but to share some tips on how you can address—and conquer—even the most daunting small business worry.

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Topics: Small Business Tips

What is the Cash Flow Statement and Why is it Important?

When it comes to handling your small business accounting, there are a few key financial statements you will need to generate on a regular basis. Not only do these reports share vital information about your business with interested parties (shareholders, potential lenders, and creditors, to name a few), but you can also use them to get a good sense of whether your business is financially healthy or headed for trouble. Let's take a look at one of these standard financial reports: the cash flow statement.

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Topics: Accounting

Signs You've Hired the Wrong Person

 

You just did something monumental: you made your first hire. You effectively doubled your staff. You took a big leap. It's not just you anymore. Leading up to this moment, you were extremely diligent about your search. You vetted and checked references. You phone screened, did video chat interviews and held in-person meetings. You literally went about the first hire process by the book. But now that you're a few weeks into the engagement, something doesn't feel right. You can't quite put your finger on it though. As a result, you may be missing the signs that you've hired the wrong person.

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Topics: Small Business Tips