COVID-19 Business Update – 20 January 2021

Vaccines for the coronavirus are now being administered around the country, but that may not mean an end to wearing a mask. This article from Kaiser Health News lists five reasons to keep wearing a mask, even after receiving the vaccine. The top two reasons are that no vaccine is 100% effective and that vaccines don’t provide immediate protection. According to one of the experts cited the best way to…  Read more

Surprisingly Destructive Habits You Should Avoid as an Entrepreneur

Entrepreneurs want to have their hands on every aspect of their start-up. This is understandable, as many entrepreneurs come into their respective industries from a place of passion. Their passion will drive them to spend long nights at the office, working hard every hour of every day. Unknown to them, this kind of attitude can actually lead to some destructive outcomes. You must avoid these habits, despite the allure of…  Read more

COVID-19 Business Update – 13 January 2021

The COVID-19 pandemic may have an economic impact far beyond last year and the two or three. A recent report by the World Bank projects global economic growth to slow to 1.9% per year from 2020-2029. Prior to the pandemic, growth was projected to be 2.1%, down from 2.5% over the previous decade. Investments in infrastructure, diversifying economies and supporting the employment of women may help to mitigate or reverse…  Read more

Ideas for business goals this year

The start of the year is the perfect time to dust off last year’s business plan and set some new goals for the future. While some entrepreneurs love planning, others feel overwhelmed by the process. How do you decide on just a handful of goals that take priority, with so many moving parts that make up a business? These tips can help you get started brainstorming how your company can…  Read more

COVID-19 Business Update – 6 January 2021

Happy New Year! Without computer, telecommunication, and cloud technologies, working from home during the pandemic would not have been possible. Looking back at 2020, Gene Marks a contributor at Forbes, put together a list of the 13 tech stories from 2020 that stand out for small business. For example, a Microsoft engineer who exploited a loophole to steal more than $10 million from the company’s online store underlines the need…  Read more

Update your business plan for a new year

As another year winds down, it’s a good time to reflect on your recent business successes – and consider what you’d like to achieve in the coming twelve to fifteen months. These tips can help you with the process of making plans to help guide your business to greater success. Set priorities Entrepreneurs are typically highly creative and optimistic; as a result, they often have difficulty narrowing down their ideas…  Read more

Planning the year ahead

The turn of the year usually prompts most people to think about some business planning for the year ahead. Here are some tips to make planning more productive. Get your team involved Business planning works best when it’s a team effort. Involve your key staff and your advisors, such as your accountant, your mentor (if you have one), and others who can contribute meaningfully to the planning, such as an…  Read more

COVID-19 Business Update – 23 December 2020

Because we know you’re busy, we’re keeping this issue extra short. Just in time for Christmas, Jupiter and Saturn appear in close alignment this week, forming what some have called a ‘Christmas Star.’ The last time this happened was in the spring of 1226, when Notre Dame cathedral was under construction. Their closest connection will be on the Winter’s Solstice, when they will look like a double planet. To see…  Read more

Enjoying a stress-free holiday

As a business owner, it’s important to take time away from work. But worrying about whether the staff is meeting deadlines and suppliers are happy translates to more stress and less time enjoying your holiday. With a little staff communication and planning beforehand, you needn’t worry that your business won’t be able to cope with your absence. If you really can’t switch off from work mode or something urgent pops…  Read more

Ramp – the corporate card of choice for Bean Counter 4 Hire

Bean Counter 4 Hire is proud to announce its partnership with Ramp GET RAMP   The only corporate card and spend management platform that automates your accounting and lowers your bills. Deploy in 15 minutes    Close your books 5x faster    Save $100,000+    1.5% cashback. Ease of use Ramp has award winning user experience, does away with expense reports entirely, and saves finance teams 5 days/month on average. Receipt matching…  Read more

COVID-19 Business Update – 16 December 2020

To say that 2020 has been a wild ride is an understatement. This article in the Wall Street Journal takes a look at surveys, economic data, and research papers to get an idea of what’s changed and what might be coming our way. The pandemic forced many of us to work from home, and that trend may be here to stay. But the increase in productivity came at a cost:…  Read more

5 Most Common Accounting Mistakes That Could Hurt Your Business

Many small business owners tend to handle their own accounting and bookkeeping, especially when they’ve just started out. However, keeping track of the finance-side of the business– everything from income to expenses to tax compliance– can be overwhelming. Mistakes can happen quite easily and can have costly consequences for your business. Below are five of the most common DIY accounting errors that you should avoid. Unorganized Records It takes excellent…  Read more

4 Payment Options Your Small Business Should Consider

When customers make a buying decision, they’re not just considering the quality and price of your products or services, they’re also evaluating the ease and convenience of the whole buying process. As a business owner, you should offer different payment options to provide the best customer experience and to ensure you receive timely payments Here are four ways your small business can accept payments in 2020: 1. Credit and debit…  Read more

COVID-19 Business Update – October 30th, 2020

All around the world, pandemic fatigue is setting in, as the need for social contact outweighs the commitment to following restrictive rules. Unfortunately, this is coinciding with a surge in infection rates in the U.S. and Europe. Asian countries, on the other hand, are managing to return to mostly normal. New infections in China, Japan, South Korea, Singapore, and Hong Kong, combined, have been around 1,000 per day, while here…  Read more

New Partnership

  Bean Counter 4 Hire, LLC has recently partnered with Brex, a new corporate credit card built to help start-up’s spend easily and scale faster! The Brex card is not for all small businesses, but as you can see below it can help companies in multiple industries. The core difference between Brex and traditional credit cards is the underwriting process. Brex conducts its underwriting model based on the cash in…  Read more

Five Ways to Bring in More Cash for Your Business

Now is the perfect time to evaluate your financial position and come up with innovative ways to add revenue streams and generate cash. Here are five ways you might consider to improve your cash inflow: 1. Evaluate your current company assets. Take a look at your assets, both fixed and human. Could you make slight pivots to create a new form of income? For instance, if you run a coffee…  Read more

COVID-19 Business Update – October 1st, 2020

With our normal routines turned upside down, people have found as many ways to cope with the pandemic as there are neighborhoods. This piece in the New York Times has a series of postcard vignettes of neighbors coming together to connect and help each other. In Los Angeles, a family picks citrus fruit from trees in their neighborhood, sharing the bounty with the owners of the trees and food pantries.…  Read more

Questions to ask as your small business recovers from COVID-19

As small business owners look to operations after COVID-19, there are some important business questions to ask. These questions will help you determine what adaptations you want to keep, whether your business model is working, and if there are additional changes you want to make to keep your company operational through future economic downturns. It’s not always fun to do this sort of examination, but the answers to these questions…  Read more

COVID-19 Business Update – September 8th, 2020

Shutting down economies around the world to fight the coronavirus has been a blunt and costly instrument, as this piece in the Wall Street Journal describes. Taiwan, South Korea and Hong Kong demonstrated that it was possible to reduce infection rates by widespread testing, contact tracing, cutting off travel with China and adopting masks. Such stringent controls were not possible in most states in the U.S., so instead we resorted…  Read more

Ways to benchmark your business

For many business owners, determining the success of a business comes down to how much profit the company makes. Of course, finances are an important measure of an company’s overall success. If you don’t bring in more than you spend you won’t be in business for long. Profit, however, isn’t the only important benchmark by which to measure your business. There are other important factors business owners can and should…  Read more

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