In a previous article, I explored how to spot growth opportunities. However, as businesses expand, so does the complexity of their operations. Many organizations turn to scalable administrative solutions and outsourcing to maintain efficiency and focus on strategic...
Artificial intelligence (AI) has become an indispensable tool for businesses across industries, revolutionizing the way we work and streamline processes. One area where AI is making a significant impact is in back-office operations, automating repetitive tasks that...
For small businesses, managing overhead costs is crucial to maintaining profitability and long-term success. Reducing these costs doesn’t always mean cutting corners; it often involves strategic decision-making and leveraging available resources. In this article, I...
Managing Accounts Receivable (A/R) is a critical function for any business, as it directly impacts cash flow and financial stability. A/R posting, the process of recording incoming payments and matching them to outstanding invoices, ensures accurate tracking of...
Many businesses, particularly those using accrual accounting, face a common challenge: the lag between invoicing customers, collecting payments and paying suppliers and contractors. This discrepancy can lead to a negative cash flow, even if the company’s...
In today’s fast-paced and competitive business landscape, organizations constantly seek ways to streamline operations, reduce costs, and enhance efficiency. One strategy that has gained significant traction is outsourcing specialized administration functions. In...
The new BOI requirement (Beneficial Ownership Information) enacted by the US Congress in 2021 has attracted significant attention. In this article, I delve into what BOI is, why it was requested, how companies can comply, and other pertinent considerations for...
Starting a company in the US involves several key steps, one of which is choosing the proper corporate structure. The structure you select impacts your legal liability, tax obligations, and operational flexibility. In this article, I provide a comprehensive guide to...
For any business owner in the US, payroll is a critical but often complex function. Ensuring accurate and timely employee payments while staying compliant with a labyrinth of federal, state, and local regulations can feel overwhelming. This article explores key...
In previous articles, I have written about Retailers’ Portals and the complexity of managing them. One of the best examples to understand the complexity and dynamics of retailers portals is Walmart’s Portal. Walmart, the world’s largest retailer, operates a complex...
