The Five Components of a Business Strategy

Edna B. Shearer

Can you define exactly what makes up a business strategy? Some people say no, but we think you can. In fact, we believe a valid business strategy has five components: Your company’s current or desired core competencies A description of how you will differentiate vs. competitors The industry or industries […]

Job Security Vs Financial Freedom

Edna B. Shearer

Why do most people settle for job security instead of financial freedom? For most of us, it has been ingrained in us our entire lives from our education system, our family & friends, and 95% of the people we are in contact with each and every day. We are not […]

Top 10 Small Business Bookkeeping Tips

These small business bookkeeping tips will help you get your books up to date and keep them that way in less time. They’ll help you maintain financial control, and help you manage your working capital more effectively and securely. Before you contemplate recording any transactions in your ledgers, organize your […]

The Concept of Accounting

Accounting is an information system which identifies, records, analyzes interprets and communicates the economic data of a financial entity. Accounting consists of three basic activities – it identifies, records, and communicates the economic events of an organization to interested users. Let’s take a closer look at these three activities. Identifying […]

Advantages of Equity Investments

Equity investments do have their advantages due to the fact that there are very few personal risk taken when you sell a portion of your business to a third party. Whenever you work with a funding source, you should look very carefully to showcase your experiences in your industry as […]

Sample Roofing Contractor Business Plan Outline

Is it worth writing a lengthy business plan for your roofing startup? Business plan preparation can be time consuming and many entrepreneurs are tempted to go ahead without one unless they really need it to prove the viability of ideas to partners or investors. Your roofing business won’t be a […]