AddJust Accounting LLC

10/31/2022

Even when business is booming, if your operations and financial systems aren't running efficiently, you could find yourself in a cash flow shortage in your business.

For example, if receivables aren't trickling in before your bills are due, you're going to end up with a cash flow problem that can spiral and affect other areas of business -- payroll, credit lines, etc.

But there are some strategic moves you can make to help your cash flow woes:
- Provide incentives to clients who pay things early
- Get invoices sent out right away
- Open the door to electronic payments
- Adjust for inflation and charge more for your products or services
- Go for a lease option instead of purchasing real estate, tools, supplies (paying in smaller increments helps with cash flow)

10/28/2022

There are people who HAVE plans, and there are people who MAKE plans.

Which are you?

10/27/2022

Joining your local chamber of commerce could be the thing your business needs for growth and establishing connections. What's been your experience at your local chamber?

Learn how your local chamber can create business contacts, increase credibility, expand your network, provide resources, and support professional development.

10/26/2022

The Department of Labor's changes to the definition of independent contractor and employee could have a serious impact on your business.

There are only 41 days left for anyone to try to change the Biden Labor Department’s mind on a proposal outlining the legal test that would make it easier for workers to be classified as employees rather than independent contractors under federal wage and hour law.

10/25/2022

Ever take care of a plant?

At some point, you probably noticed brown leaves and dead branches. So, you carefully picked them off or cut them away, and not long after, you saw fresh green sprouts appear.

Easy to see where we’re going with this...

If your business was that plant, which customers would the dead stuff be?

10/24/2022

Growing your business is about more than just money... you also need the right people.

How many of these types of people do you employ?

https://www.inc.com/marcel-schwantes/4-innovative-types-of-employees-you-should-hire-to-grow-your-business.html

10/23/2022

How New York State, New Jersey, Connecticut Owners Can Have a Productive Business Meeting

A productive business meeting? Is it possible? Yes, if you follow some of these tips.

10/21/2022

Anyone who's built a business has walked the delicate line of knowing when and how to add the right people to the team. When you've poured your heart and soul into building something from the ground up, it can be hard to trust others to handle it as you would.

As you think through this, remember:
1. There really is strength in numbers. People have different gifts, and no one person has all the talent needed to cover all the bases. Take an honest look at what are *not* your strengths, and look for someone who can fill those.
2. Screen people to make sure they are team players. You're not looking for a one-man show to add to your production.
3. Growth can be painful, but remember the end result is good. If you find the right people, the growing pains of trusting someone else with your work very well may skyrocket your success.

10/20/2022

Every year, millions of new businesses are started across the country.
Yes, MILLIONS.

But the unfortunate reality is that a high percentage of them will be out of business in the next five years because of a bad business plan, poor ex*****on, or other *controllable* factors.

Our job is to help you get a handle on those ... so you stay in business... but also so you keep growing.

10/19/2022

The how-to for applying for the new student loan forgiveness...

Tens of millions of Americans can now apply for student loan cancellation.

10/18/2022

There’s no avoiding meetings completely in business – but with a little work you can make them a little more necessary and a little less evil.

Start by considering the following questions:
- Could this meeting be done by phone call or fact sheet?
- Is this going to help move work forward?
- How many people should be at this meeting?
- Is this the best day/time to have a meeting?
- Do you have an agenda prepared in advance and are you sticking to it?
- Are the right questions being asked and answered?
- Do people leave feeling like the meeting was worthwhile?

10/17/2022

What would your financial situation -- both personal and business -- look like in a year if you applied this principle to all of your financial decisions?