In one of my earlier posts here, I had mentioned the importance of cost accounting to a small business owner. It should plainly be clear that cost accounting is quite a technical function and should be treated with sufficient respect. It is always better to acquire the services of a certified cost accountant for your small business instead of tinkering…
H. Jackson Brown, an author, once said, “Don’t say you don’t have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michelangelo, Mother Teresa, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein.” Well….put like that, using the excuse that there aren’t enough hours in the day to get it all…
Some accountants find their expertise at recording and reporting of current and prospective costs and analyzing their trends. Cost accounting is frequently used to facilitate internal decision making and provides tools with which a small business owner can appraise performance and control costs of doing business This discipline of accounting tries to estimate, track and control various product costs. Cost…
If your business requires travel, then you have probably noticed that you are paying more. American Express Business Travel is predicting that airline tickets will increase 3 percent to 6 percent this year, and hotel costs will rise 1 percent to 5 percent. But what’s worse is the fact that business travelers are going to be nickeled and dimed to…
Commitment to work is something far more rewarding than just being a hard worker. I have seen many people making good amount of money in addition to gaining respect among peers from a profession they love to be in. A professor friend of mine can be found in his cabin all the time reading or writing something related to management…
Remember your parents telling you that “money doesn’t grow on trees”? Well, when starting a business that’s certainly right on the mark. However, we do often receive erroneous information from a variety of sources about where we can secure funding for a start up. Two of the biggest myths involve government grants and SBA loans for small businesses. “The government…
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