Okay, so you have worked really hard to generate a profit in your business, great job! However, welcome to America and meet your new friend the Internal Revenue Service (IRS). If your business is incorporated and has generated net income you can expect to pay taxes on your hard-earned profit. Are you ready for that? […]
How Leveraging Financial Data and Your Accounting Team Can Help. As a growth-stage entrepreneur, you’re constantly dealing with emotional highs and lows based on the various circumstances thrown your way that are not in your control. We feel your pain. And we have learned that this can impact the confidence you have in your small […]
As a growth stage entrepreneur, you’re constantly thinking about ways to grow your Company. An important thing to consider as you grow is keeping expenses on track. We have learned that growth can suck cash and a big part of that is expense management. This begs the question: Do you have an expense management process […]
As a growth-stage entrepreneur, you’re constantly thinking about ways to increase cash and profits in your Company. The more profitable you are, the more cash you can invest in people and strategies to support your growth. Sounds simple, right? At New Economy, we’ve used some of these tactics ourselves to grow our revenue from $0 […]
As a growth stage entrepreneur, you’re constantly thinking about ways to grow your Company. Considering the world is more virtually connected than ever, with customers spending more and more time online, digital marketing is becoming a vital part of a robust business strategy. Which begs the question: what is the ROI for digital marketing? At […]
In this article you will learn: What are the 3 key financial statements How to produce the 3 key financial statements Why they are important The top 3 ways to leverage the financial statements to achieve your goals Why Do Growth Startup and Small Business Financial Statements Matter? Let’s start with some statistics from the […]
If you are an entrepreneur, your skill set is probably not in accounting. You are a visionary, a risk taker, you have guts, you have passion and you are trying to add value to the world by solving a problem. But your accounting is important. In this article, you will learn: What is accounting for […]
If outsourcing your accounting to a remote accountant has been on your mind, you’ve come to the right place. In this article, you will learn: In this article, you will learn: Why outsourcing matters What outsourcing your accounting can look like Why it might make sense for you The top 3 reasons to outsource to […]
In your entrepreneurial life have you ever felt anxious? We certainly have. Anxiety is defined as a feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome. It’s important to remember this is a natural emotion. However, chronic stress can result in some negative symptoms such as heart […]
To help you understand how to create and follow a cash forecasting model, let us paint a picture for you. The Hero Every hero has a story. And we are big fans of the hero. You are the hero in this story. Picture yourself as Luke Skywalker. You are the entrepreneur working really hard and […]
If you are a typical business owner, there’s a good chance you wake up at 2 am some mornings with an uneasy feeling – trying to crunch numbers in your head and get an accurate pulse of what’s going on in your business. But with out-of-date and tough-to-read data, things just aren’t adding up. So […]
Unfortunately, a recession is on the horizon and if you want your business to weather the storm, it’s time to start preparing. At New Economy, we have 5 strategies we suggest focusing on to get through this tough time. Each strategy is important but you’ll soon realize that managing your cash lands high on […]
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