Author: D Allen
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Wealth-Building Wisdom – Proverbs 11:22 Explained
Proverbs 11:22;“Like a gold ring in a pig’s snout is a beautiful woman who shows no discretion” We all have insecurities. Sometimes we mask those insecurities with different things that we think tell a story about who we want to be. The proverb above is not limited to women; men are called out for this Read more
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Should I Give Discounts to Family and Friends?
But They’re Family/Friends! Aren’t I SUPPOSED to Give Them a Discount? Should I give family discounts? Should I give discounts to friends when I’m just starting my new business? Short answer: No. When I was getting started in business I was surrounded by people, particularly church people, who were so parsimonious they could make a Read more
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Simple Rules About an Employee’s Final Paycheck
If you have a business in Alaska, you’ll learn the simple rules about giving an employee their final paycheck. Getting good help can be hard if you don’t know where to source good workers. It can also be challenging due to a difficult and lengthy onboarding time. When you’re just getting to where you can Read more
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5 Biggest Wastes of Money Starting a Service Business
You got into business to serve others and make their lives better. However, when starting a business, there are so many things people THINK they need. When shelling out money for these things, they unwittingly take on extra stress. Sometimes they’ll even get into debt over it. That doesn’t have to be you. Here are Read more
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The 3 Kinds of Mentors You Need in Business
When you’re starting a business, there’s more to running it than just doing the work people pay you for. A publisher has to do more than sell books, a lawyer has to do more than work on cases, and the baker has to do more than bake. Making something new is super hard, as seen Read more
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Understanding Sole Proprietorships and Corporations Equity Accounts
The biggest differences between sole props and corporations in their chart of accounts have to do with Equity. Equity is what the owners put into the business. It is whatever is left after liabilities are paid off using the assets (or Assets – Liabilities = Equity). On a ledger, equity works the same way as Read more
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Mistakes Retail Business Owners Make with their Chart of Accounts
Mistakes retail business owners make with chart of accounts It’s the last thing you probably want to think of with your business. However, if you’re making mistakes with your chart of accounts, you could end up with many preventable problems. Here are the five top mistakes retail business owners make with their chart of accounts: Read more
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Master KPIs Using QuickBooks – Income per Service
To track what matters with your service-based business, you need KPIs. But KPIs aren’t immediately obvious using accounting software like Quickbooks Online. Let me show you one – income by service. For other tutorials about QuickBooks, see the category here. Ignore KPIs at your own expense. If you do, not only are you failing to Read more
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How to Classify Employees or Contractors
The biggest payroll mistake a business owner can make is misclassifying your workers. Typically, the mistake comes from when an employer classifies workers as contractors when they are actually employees. No problem if your workers are contractors, but make sure they actually are.The frustrating thing is that in many cases it’s not 100% clear; it’s Read more
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How to Rent Your Home for Business Events (The Augusta Rule)
Don’t run your business exclusively from your home, but would like to use your home as a deduction anyway? Business owners like you can rent your home to your business for events and deduct it as an expense. In previous posts we talked about deductions you could claim in your home based business, provided you Read more