Ask the Accountant… Question: I am new to the business and don’t know how to price the items I am selling. Any tips? Answer: In general terms, you would like your gross profit percentage to be around 40 percent and higher would be better. Your gross profit margin is the amount left over after you…
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Ask the Accountant… Question: I have some very old software called OrderMaster on my computer. Should I worry about crashes and losing my information? Answer: OrderMaster is written in a very old computer language and is susceptible to crashes as supporting technology, such as Windows, advances. I get calls frequently from OrderMaster users who have…
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Some business advisors encourage entrepreneurs to have a vision for their business. I agree. And I would encourage you to go much farther. Take some time to close your eyes and envision what your business will look like many years from now. Envision the building. Envision the number of employees. Envision your levels of sales…
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Many people seem to go through life satisfied with just being ordinary; okay with just doing okay. But there’s an amazing world and wonderful options available for all of us who are willing to reach for more and go beyond ordinary. It’s called extraordinary. We can all turn what otherwise might just be just an…
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Every day we make mistakes—mistakes in business, mistakes in relationships, and mistakes in life. Some people overthink their mistakes. Sometimes overthinking our mistakes can keep us from trying to live our best life today because of mistakes from yesterday. Let it go. Move on. See yesterday’s mistakes as great learning opportunities, and see today as…
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Readers, this is a very bittersweet Fave 5 for me. As usual, it was a week of awesome promotions catching my eye left and right. But, this is also my last installment of the Fave 5 series. (I won’t cry if you won’t.) I just want to say thank you to everyone who has read…
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We all know that the best way to build muscle is through resistance training. Resistance training is a form of exercise using weights, rubber bands or your own body weight to provide resistance to various muscles. This resistance causes the muscle to strain or fail, which forces it to grow stronger over time. That’s about…
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Happy Wednesday, friends! We’re just one day away from another night of football, so hang in there. To help you get over the midweek slump, I’ve got another roundup of my Fave 5. Keep reading for some awesome promotional products. 1. Madewell Tote Bags https://www.instagram.com/p/B2Ed-3Nlyls/ I’d definitely become an Insider for this autumnal tote bag.…
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Can you believe it’s already Wednesday again? I’m definitely in a counting-down-until-Friday phase, but the surplus of amazing promotional products I’ve seen this week has made things a little more bearable. From musician merchandise to donut shop apparel, here’s this week’s Fave 5. This is also a rare instance where there is no brewery merchandise…
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Question: My accountant says that I should switch to QuickBooks for my accounting system. She said that QuickBooks Pro should work just fine for my business. Is that what I should use? Answer: I agree with the “QuickBooks” half of her answer, but suggest “Premier” be the other half. Using QuickBooks, because it is the…
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