Category Archive For "Small Business Tip"
Common Business Expenses To Include In Your Budgeting and Tax Planning
Arguably, two of the most important financial responsibilities of a business owner/lead are budgeting and tax planning. Budgeting, particularly monitoring cash flow, keeps your business from overspending and getting into trouble with making payments. For a young business, you certainly do not want to get off on the wrong foot with your vendors and the tax …
Why Cloud Accounting is the future
The birth and the introduction of technology has brought a new face on how accounting traditionally was processed. Where transactions were manually recorded in columnar papers and kept in a huge folders. Once computers became popular with its accompany affordable software, accounting tasks change from the traditional method into this medium, where concepts stayed the …
Bookkeeping, a key to Small Business Success
For any small business that aims to grow and be successful, systematically and comprehensively recording financial transactions must be paramount. Raising and issuing out invoices, filling requisitions and payment vouchers, recording bills and filing receipts, filing tax returns and a well-run financial operation is crucial to success and can help preempt problems that may arise …
Why Profitability Is Key to Assessing Your Business Growth
Why Profitability Is Key to Assessing Your Business Growth Every emerging organisation be it small, medium or large has certain inherent reasons for its conception. The nature and characteristics can further explain the type of business in question, as to whether or not the business is profit making, nonprofit or a charitable organisation. In this …
Entrepreneur Amma Gyampo’s Top Advice For African Startups
Our advisory board member, Amma Gyampo, was recently interviewed by Entrepreneur.com and we think it’s worth sharing with you: Amma Gyampo serves on Ghana’s National Taskforce for Impact Investing, she is an Angel Investor supporting women-led businesses and serves as Investor Relations Director for the Lady Angel Network. A business development advisor and entrepreneur with …
Technology Stack for Small Businesses & Startups – Part 1 Marketing
Running the various facets of your businesses requires the usage of certain technology tools. These tools are mostly to introduce efficiency in the operations of the business, by way of cutting down time required to achieve a goal or driving down the cost elements involved. In a series of posts, starting from this very one, …
Deadlines Approaching – What you need to know about renewal and filing at Registrar-General’s Department
In case you aren’t aware, next week Tuesday, that’s 30th April, 2019 is the last day for annual filing and renewal of business registration with the Registrar General’s Department for this year. According to the regulator, failure to do so attracts a penalty of GHS400. The renewal fee is as follows: Sole Proprietorship – GHS25 …
What Percentage of Revenue to spend on Marketing?
Marketing is an important part of every business. No wonder it is said that, “doing business without advertising is like winking at a girl in the dark. You know what you are doing but nobody else does”. For most businesses, especially those in the early stages of their operations with few data set on their …