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Pam Newman Morin's Articles

  • Profit Margins - What Do They Mean?
    Profit Margins - What Do They Mean?
  • What Is The Best Way To Build Your Business
    What Is The Best Way To Build Your Business
  • Knowing The Difference Between An Independent Contractor And Employee
    Knowing The Difference Between An Independent Contractor And Employee
  • Become An Asset To The Company You Work For
    There are a lot of ways you can become an asset to the company you work for.
  • Why Your Business Should Have An Employee Policies and Procedures Manual
    A company employee handbook or policies and procedures is one of the most important communication tools between your company and your employees.
  • Your Profit Margin
    Knowing the numbers in your business can put you into the top group of small business owners. There are so many numbers involved in our business. Three key concepts you need to know are profit margin, working capital, and breakeven point.
  • To Delegate Or Not To Delegate
    Many small-business owners spend too much of their time doing tasks that could be done by someone else. For any business owner it's not easy to give up control of something you have been doing for a long time. Being
  • Can I Work For A Small Business
    Working for a small business is very different than working for a large corporate entity. I have worked for both and they both have advantages and disadvantages and what you see as each of these, is really a personal aspect
  • Procrastination - Does It Get the Best of You?
    Everyone from time to time put work aside that for one reason or another you just can't seem to get started doing it. There are many reasons why you would do that, but a few of them could be:
  • 5 Tips for Hiring a GREAT Bookkeeper
    Bookkeeping…the "dreaded" word is something we all have to worry about. Business owners rarely go into business to deal with the financial aspects of running a business. It's easy to understand why! Who wants to do all those boring record keeping functions?
  • Networking - What Is the Best Way To Build Your Business?
    Referrals and Networking! Referrals from existing customers are the best way to grow a business. Networking is a close second. Personal interaction is more powerful than any type of radio, print or television advertising you can do
  • How Important Is Listening To Others?
    How important is listening to others? Effective communication is important in all aspects of life. It's extremely important especially if you want to be successful in business.
  • Budgeting Basics For Small Business Owners
    How are you doing on your comparison of actual to budgeted figures for this year? Are you on target with your budget? Don't understand what I'm referring to? Then it's time for Budgeting 101!
  • Small Business - The Myth Of Entrepreneurship
    Small businesses are the life of our communities. So where is the support for our small businesses?
  • Assessing The Value Of Process Documentation
    Process documentation is one of those topics and "jobs" that few of us enjoy doing. However, I've been working with a client who is going through lots of changes (reduction of force, changing of focus, etc) due to the economy and it has really reinforced to me the value of process documentation.
  • Financial Fundamentals: What Every Business Owner Should Know!
    Business owners rarely go into business to deal with the financial aspects of running a business. It's easy to understand why! You are passionate about the products or services you provide and want to focus your time there.
  • Why You Need To Have A Policy For Using Company Assets
    Why You Need To Have A Policy For Using Company Assets. Wondering why you need to have a policy for using company assets? If you don't, trouble could be on your door step. As entrepreneurs, I know we have a million things on our plate; however, if we don't take time to have some foresight, it could come back to penalize us. Does it sound like a personal experience? Yes, yes it is. That's how we learn the best, right?
  • Love What You Do & The Money Will Follow!
    Life is too short to not enjoy what you spend your time doing as a business owner or employee. Be passionate about what you are doing and the money will follow.
  • Three Critical Financial Statements That You Need To Understand
    Understanding your profit and loss statement, balance sheet and cash flow are critical factors to the success of your company. Take time to understand the value each adds to your management strategy.
  • 7 Tips for Non-Profit Bookkeeping in QuickBooks
    Nonprofit accounting has it's own unique needs and QuickBooks can be just the tool to help you meet them. The key is understanding how to embrance and fully utilize the functionality within it to do so. Here are 7 tips for using QuickBooks in a nonprofit environment.
  • Cash Is King!
    Managing by the numbers is critical to the success of your business. You need to understand the difference between cash flow and profit and why both impact you. The key is not just doing bookkeeping for others, but doing it for yourself, first and foremost. You need to know where your money is coming from and going to.
  • Demystifying Your Balance Sheet
    Your Balance Sheet is an important financial statement that you should be reviewing monthly. It helps you understand where the business is at for a specific date. It indicates your assets, liabilities and equity and can provide you insights like Return on Assets and Inventory Turnover ratios to ensure you are on target with your industry. Take time to understand what your financial statemetns are telling you about your business.
  • How Much Money Do You Owe?
    Understanding your companies liabilities is key to managing the financial health of your business. Liabilities are monies owed to others. They include categories like Accounts Payable, Notes Payable, Client Deposits, Payroll Tax Withholdings, Sales Tax Payable and more. You can utilize your Balance Sheet to assess the liabilities your company has.
  • Fabulous Features of QuickBooks 2013
    I find many businesses are not fully utilizing the features available in QuickBooks 2013, or any version they may have. We are all so busy that we focus on what we know and rarely take the time to see what is possible with our software. I have highlighted 7 things that I really like about QuickBooks 2013 and how they can enhance your business experience.
  • 7 Tips for Excelling as a Radio Guest
    As a past radio show host, I know it can be a little overwhelming for guests. I have provided you 7 tips to help you excel as a radio show guest. Remember, people just want to know how your information or product can help them. So focus on key benefits for your radio audience.
  • Blazing Your Own Trail
    Technology, onging learning and team mentality are key traits that trail blazers have. Business success is all about the ability to blaze trails and better serve your clients. What are you doing to blaze new trails in your industry? You must embrace technology and incorporate ongoing learning to stay on the leading edge. As well, you can not be everything to your business so surround yourself with those who are just as awesome as you.
  • 11 Expectations For Your Bookkeeper (That Will Save Your Business)
    11 Expectations for Your Bookkeeper. Remember the whole goal is for you to have accurate and timely information from them.

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