Articles

Managers and Leaders – Are They Synonyms?

Good financial management is key to running a successful business. The company needs to be on top of its accounts to ensure they are not spending money they don’t have, and to keep an eye on specific areas that are costing them money so that any problems, potential or realized, can be rectified. Bookkeeping is a way of recording the transactions of a business, and accounting is the overall analysis of the company’s performance.

One problem that many small business owners run into is simply thinking too small. I often get request from individuals asking for help in getting their business ideas off the ground. I also often hear from folks who have run their small businesses into the ground. There are five key areas where you can think too small -- and doom your business to failure.

If you learned how to write a business plan at all, you probably learned how to write an MBA quality 30-page plan designed to attract investors or get a bank loan. In addition, if you are like most of us, after your initial startup you never looked at your plan again.