Ask the Accountant… Question: Do I need account numbers in addition to account names? If so, are there particular numbers? Answer: I like using account numbers with account names for accounts in the chart of accounts (COA) because it makes it easier to distinguish one account from another more readily, as some account names are…
Read MoreWhile some things come out of nowhere without warning, there are always ways to prepare for business challenges. Recognizing that problems are inevitable—and committing to making the sound and sometimes difficult decisions—is easier said than done, but certainly key to enjoying the work more…
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Are you reaching your full potential or trapped in a bubble? Jennifer Kushell, founder of Explore Your Potential, discusses with host Greg Muzzillo the importance of exposure to resources, information and networks. Understanding what’s on the “menu of life” is a game changer…
Read MoreBoundless was acquired by a private equity partnership in June of this year. With the industry seeing more changes than ever in ownership, mergers and acquisitions, I thought this would be a good time to sit down with one of the investors and interim president of Boundless, Charley Dean. He shares his perspective on how he views the industry’s greatest opportunities and challenges…
Read MoreThe online space is under constant change, and the promotional products marketplace continues to transition to new ways of doing business. In today’s multichannel world, marketing is not a linear process, and modern customers have instant access to information about products, brands and competitors. With that in mind, here are the trends that are shaping distributor business marketing…
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We’re not quite ready for Halloween, but we can celebrate the changing weather. We can also celebrate some promotional products, whether they’re extremely autumnal or not. This week, our collection includes some spooky brewery merchandise, all sorts of public transportation-related gifts and more…
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For decades, Topps owned the baseball card market. The company had an exclusive contract with Major League Baseball and the MLB Players Association. A few weeks ago, Topps was blindsided when MLB and MLBPA announced a new exclusive contract with the online sports merchandise retailer Fanatics Inc. There are two big lessons here…
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Franchise-builder David McKinnon discusses his passion for franchising and key advice to grow your business. As co-founder of Service Brands International, he built nine brands with nearly 2,000 franchises in eight countries. Here, he talks about the importance of trade associations and his involvement with the International Franchise Association…
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A chart of accounts is a list of financial accounts set up in a company to record financial transactions. Accounts fall into six general categories. When your financial transactions are recorded into your accounting system, they are assigned or recorded into the appropriate categories…
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In the world of promotional products, many make the mistake of trying to be like Jim Beam, thinking that simply because “everyone” buys branded merchandise, everyone is a potential client. But trying to be everything to everyone is a precarious position that undermines your brand…
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