Archive for the Strategy, Finance & Ops Category

Ready for Apple Pay? Mobile Payments will Finally Reach Small Business

Mobile Payments - Apple Watch uses Apple Pay

Until today, mobile payments has been a fragmented — and mostly stalled out — attempt to make Point of Sale payments at retail shops easier, faster and safer. Companies including Visa and Target have all tried various ways to get us to use our phones or other devices instead of a plastic credit card. Some of the biggest collaborations, like ISIS Wallet (now called Softcard) have struggled to gain any traction.

But Apple just announced a real game-changer: Apple Pay.

Already 220,000 retail locations around the USA have pledged to use the ApplePay service.

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Flash Reports! Great Management Decisions Should be Based on Data

Flash Report Template XL

There are so many moving parts to worry about when managing your business. And to make a hard job even harder, accounting systems never seem to have a single report that draws all your most important data together in one place. Key Ingredients Instead of relying on 12 different financial reports, build one […]

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Crowdfunding Rules: Compare your Options for Equity and Fundraising

Crowdfunding Now Means Selling Stock Online

Think “Crowdfunding” and you might think of Kickstarter or Indiegogo. Both are good sites, but soon new crowdfunding rules will unlock powerful new options for fundraising online. Yes, Kickstarter and other pre-sale sites have funneled over $1 billion to start-up projects since 2009, but serious angel investors and VC were […]

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How Financially Disciplined is Your Company? 3 Rules for Surviving any Storm

Thousands of companies closed their doors during the recession. After working with both the wounded and the survivors, I’ve found a clear reason why some businesses made it through the recession unhurt. Those that survived (and thrived) had 3 things in common, all related to their willingness to use finance tools to drive decision making. How financially mature and disciplined is YOUR business?

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Put Everything in the Cloud … But Put Cloud Accounting First

Online accounting will transform the way your business runs. But that’s just the beginning. Every other business system will eventually be online and must connect to the accounting system. Using an online accounting system will be the single most important move you’ll make… if you follow these 7 rules:

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SaaS Business Model: Use Excel, not Magic, to Calculate Success

Forget “magic number” theories of SaaS business models. Grab this free Excel spreadsheet to find out if your SaaS business will thrive or dive. Includes Churn and GM%.

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The $24 Wrong Number — Calculate The True Cost of Sales

Cost of Sales - Telesales

Quick!  Do you know the cost of sales at your company? If you make sales by phone, maybe you think, “phone calls are free”.  Well, yes…and no. Let’s get specific.  What’s the per call cost of sales by phone? Would you believe that telesales cost most companies almost $24.00 per call?  I’m […]

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What is Income? 4 Revenue Recognition Rules You Love to Break (but shouldn’t)!

business metrics

It seems to go against the grain of strict accounting rules, but it is true nonetheless: How you organize your financial statements is entirely up to you.  It’s a freedom that can help you better understand your business — so long as you tread carefully. Nowhere is this freedom more […]

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