Running a small business is not an easy task, especially one that is successful and improving on their profits on a yearly basis. An important aspect of running a small business is setting up and managing your payroll services. You want to make sure you are managing your payroll properly so that you avoid IRS penalties once tax season comes around.… Read More
Running a successful small business is not an easy task and involves coordinating numerous elements. An important part of running a small business is having consistent cash flow and improving it over time. In order to achieve this, you need to have an efficient accounts receivable process, which includes having your customers pay you in a timely manner. Luckily, there are… Read More
Starting a small business can be a stressful process since there are several elements involved. One of the most vital elements of opening a small business is crafting a budget. You want to create a budget that you can realistically follow so that you can at least match your expenses to your expected revenue. Your budget should allow… Read More
Any type of business needs to formulate a strategic plan when wanting to accomplish a task, especially when it comes to starting a small business. If you are starting a small business, you may not have a steady revenue or customer base yet. So, you need to create a strategic plan to get your business off the ground.… Read More
An integral part of running a small business is analyzing your finances on a regular basis. You need to stay up to date on important financial aspects of your business such as your revenue, expenses, and cash flow. At PL Consulting, we specialize in putting together your financial statements and analyzing your financial position at the end of… Read More
If your company is still using a paper check system, you might be making extra work for yourself and sacrificing efficiency. Over 82% of employers in the US use a direct deposit payroll system and accounts payable system, which often benefits companies, employees, and vendors alike. Payroll reports and vendor payment reports are still easily accessible. However, the… Read More
Growing a small business is not an easy task, especially since there is an ample amount of competition in today’s marketplace. As a small business owner, you might have limited resources when trying to expand and improve your business. However, your main goal should be to draw in a new customer base. Luckily, there are a few simple tips you can… Read More
As technology is constantly improving, you do not need a traditional office space to start a small business anymore. Many successful small businesses are based online in the comfort of the homes of business owners. However, starting your own business requires a lot of planning and research. You want to ensure that your business idea will be something… Read More
As a small business owner, chances are you have a limited number of resources and a finite amount of time to accomplish tasks on a daily basis. It is essential that you learn how to use your resources wisely to make a profit. The key to having a constant stream of revenue and maintaining a profit for a small business… Read More
When it comes to running a small business, you want to be as productive as possible, especially if you are just starting out. If you want to have a productive business, you first need to work on being organized. The key is to create systems and procedures to allow for an organized work environment for all of your employees. Luckily, there… Read More