3 Small Business Payroll Tips

Learn how to manage your payroll properly.

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.  Luckily, there are a few payroll tips you can follow Continue reading “3 Small Business Payroll Tips”

3 Ways To Improve Your Accounts Receivable Processes

Learn how to improve your accounts receivable process.

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 a few simple ways to improve your small business’s accounts receivable processes. Continue reading “3 Ways To Improve Your Accounts Receivable Processes”

How To Create A Budget For Your Small Business

Learn how to create budget for your small business.

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 you to expand and grow your business in the future.  Luckily, there are a few simple tips for creating a budget for your small business. Continue reading “How To Create A Budget For Your Small Business”

Do You Need Help Creating A Strategic Plan For Your Small Business?

Learn how to create an effective strategic business plan.

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.  A strategic plan can become the groundwork of how specific procedures are run at your company.  There are a few vital steps you should include in your strategic plan for your small business. Continue reading “Do You Need Help Creating A Strategic Plan For Your Small Business?”

A Simple Guide to Financial Statements

Here is a simple guide to business financial statements.

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 each cycle.  However, you still need to understand the basics of accounting when it comes to your small business.  Luckily, we have put together an overview of the financial statements you need to prepare.

Continue reading “A Simple Guide to Financial Statements”

3 Tips To Starting Your Own Small Business

Learn how to start your own small business.

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 people will want to invest in and generate a profit in a timely manner.  Luckily, there are a few simple tips you can follow for those of you dreaming to start your own small business. Continue reading “3 Tips To Starting Your Own Small Business”

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?”