Small business owners are notoriously hard workers with long hours every single day of the week. Software tools and applications that make their business a bit easier have become more readily available with the current technology. Documents, appointments, on line calendars and applications they can access through their phones or other devices have become commonplace. Their business can truly travel with them, and can provide the much needed time to spend doing other more enjoyable things.
To read more about new business applications and other small business topics, follow the links below.
Columbia, S.C. (WLTX) – Happy Money Monday to our entrepreneur viewers. Today we’re covering the basics to help you understand the financial health of your business.
Here are 3 financial documents every small business needs:
1. Balance Sheet – This is a great way to provide a financial overview of your business. If you’re a visual person, this financial report will be easier for you to understand as it’s displayed as a chart. The left side shows what your company owns (aka your assets), while the right side will show you your expenses and equity.
2. Cash flow Statement – Similar to your budget for your personal finances, the cash flow statement shows how money comes and goes for your business. This helps you understand how your business is operating on a day-to-day basis and will help you answer the question, “How much is my business truly making?”
It you’re looking for a way to automatically sync your business information across 50+ directories such as Google Maps, Yelp and Apple Siri, Yext presents itself as a possible solution.
Last week, the New-York based company filed paperwork with the US securities regulators to raise as much as $100 million in an initial public offering.
What is Yext?
- Business Name, Address and Phone Number;
- Business hours, products and services, holiday hours, photos and videos, staff bios, menus, and calendars;
Are you app-solutely missing the boat?
These days, we carry our smartphones everywhere. People are using them to play, order food, make purchases, do research, communicate, check reviews, read books, find love and generally get by day to day. Some people are even running their business from their phone! In fact, many of you probably prefer using apps over your desktop when it comes to things like checking emails, updating your social media accounts or checking your online banking.