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3 Simple Ways To Improve Customer Retention

Learn how to improve your customer retention rates for your business.

For a small business, it can be difficult acquiring a new customer, let alone maintaining your current customer base.  Often times, we focus so much on bringing in new business that we forget about making sure that the clients we currently have are happy. Customer loyalty is the real key to increasing sales, and ultimately, improving the revenue and profits of your business.  The professionals at PL Consulting specialize in customer retention and growth.  Luckily, there are a few simple ways to retain customers at your business. Continue reading “3 Simple Ways To Improve Customer Retention”

How To Boost Cash Flow For Your Small Business

Learn how to improve the cash flow of your business.

Several elements need to come together to keep a small business running.  One of the most important aspects is cash flow, which is the total amount of money, physical or virtual, transferred in and out of a business.  Having cash flow consistently into your business keeps your employees paid and the lights on.  You need to learn how to convert sales into cash consistently and quickly so that you can build a safety net for the future.  Luckily, there are a few simple tips to boosting cash flow for your small business. Continue reading “How To Boost Cash Flow For Your Small Business”

3 Tips To Improving Your Accounts Payable Process

Learn how to improve your accounts payable process.

As a small business, you need to purchase supplies and items to maintain daily operations.  Many times when you purchase an item from a vendor or supplier, they send an invoice, which is a part of your accounts payable process.  The accounts payable process refers to a set of practices and policies set by a company to manage its vendor purchases.  If you do not manage your invoices well, it can result in late payments, damaged relationships, and poor cash flow.  Luckily, there are few simple tips to improving your accounts payable process. Continue reading “3 Tips To Improving Your Accounts Payable Process”

Do You Want To Improve Your Payroll Process?

Learn how to make your payroll system be more efficient.

One of the most important tasks of any business is to pay their employees on a consistent and timely basis.  However, if you are a small business just starting out, that might be easier said than done.  Having an efficient payroll management system involves patience and having an extensive knowledge of state and federal tax requirements.  Luckily, there are a few simple tips to improving your payroll process so that your employees can get paid consistently and accurately. Continue reading “Do You Want To Improve Your Payroll Process?”

3 Simple Ways To Enhance Your Retirement Savings

Learn the best ways to plan for your retirement.

You have been running your small business for a few years, and it is becoming more and more profitable.  You are excited about your recent success, and you want to develop ways to expand on this success.  However, it is important to think about your financial health as well.  You want to ensure that you are well off once you are ready to sell or leave your business when you hit retirement age.  Luckily, there are a few simple tips to follow when it comes to retirement planning. Continue reading “3 Simple Ways To Enhance Your Retirement Savings”

1099 v. W-2: Which Tax Form Should You Fill Out

Learn about which tax forms to fill out.

Whether you are an employee or employer, filling out the right forms can a confusing and stressful process.  As an employer, you need to make sure you are classifying all of your workers correctly and giving them forms that correlate to their position.  If you are working for a company, you need to know if you are a contractor or an employee.  When working for a company, there are two forms you need to be aware of once tax season comes around. Continue reading “1099 v. W-2: Which Tax Form Should You Fill Out”

3 Simple Ways To Increase The Profitability Of Your Small Business

Learn how to increase the profits of your business.

Whether you have just got your small business off the ground or you have been running it for years, you need to focus on making a profit.  Not only making a profit, but constantly executing new tactics to increase that profit.  Almost two-thirds of small business did not make a profit or failed to increase their profit last year.  Luckily, there are few simple tips you can follow so that you can increase the profit of your small business.   Continue reading “3 Simple Ways To Increase The Profitability Of Your Small Business”

What to Know About Managing Your Payroll

Learn a few tips to managing your business’s payroll.

Starting a business is not easy, but maintaining a business can be even harder. As you are experienced in what your business offers, there is a lack of knowledge in successfully running a business like HR, taxes, and payroll. If you want to expand your business, but still pick up basic knowledge about the payroll department, here is what you need to know about managing your payroll. Continue reading “What to Know About Managing Your Payroll”

How To Measure The Success Of Your Small Business

Learn how to make your small business as successful as possible!

Running a small business can be difficult especially if you have just got it off the ground.  When starting out, it is important to try new tactics to acquire a customer base and to get people through the door.  More important than implementing business tactics, is measuring their effectiveness.  You need to be constantly evaluating how your business is doing and thinking of ways to improve it.  Luckily, there are few simple ways to measure the success of your small business. Continue reading “How To Measure The Success Of Your Small Business”

How To Choose A Bookkeeper For Your Business

Learn how to choose the perfect bookkeeper for your business.

As a business owner, there might come a time a when you need help with your finances, especially if you have just got your business off the ground.  You might not have the time to keep track of every expense, so it is best that you hire a trusted source to handle your books.  You want to hire someone you trust that manage your cash flow as well as helping expand your business.  If you are in need of a bookkeeper, there are a few simple tips for choosing an individual handle your finances. Continue reading “How To Choose A Bookkeeper For Your Business”