Financial management is a vital part of running a successful business, but often entrepreneurs start their business with little understanding of how to make solid financial decisions.

Each month, members of the MATAX team pick their favorite of the month.  Here are the selections for July 2021.

Avoiding your bookkeeping is dangerous, however. Not knowing your company’s financial situation can result in a series of missteps that could ultimately cost you your business.

A business plan is essential for business development. But even with a solid plan, there is some aspect of unpredictability. There is a multitude of variables that have to be taken into account, any of which could have a great impact on the prosperity of a small business.

When it comes to the overall success of your business, one of the most important decisions you’ll face is how to price for the work you do. Charge too much and you could scare away potential customers. Charge too little and you could run yourself out of business.

Although most entrepreneurs recognize the importance of careful financial management, few want to spend their time dealing with numbers. Unfortunately, not keeping a close eye on your income and expenses can be very costly for a business. Here are five of the most common bookkeeping pitfalls, and some simple tips for getting back on track.

Each month, members of the MATAX team pick their favorite of the month.  Here are the selections for June 2021.

So how can you encourage positive word of mouth for your small business? Try these three strategies.

We now look at eight characteristics important to successful businesses. International researchers who have studied many small businesses have found that these characteristics consistently play a part in the success of small companies.

The success of any business, large or small, depends largely on nurturing an efficient, productive workplace. While improving employee productivity should always be a priority when the ultimate goal is a sustainable and profitable business, the process is easier said than done. Below are some of the most effective methods of managing a productive, happy workplace while increasing output.

Each month, members of the MATAX team pick their favorite of the month.  Here are the selections for May 2021.

Without knowing your break-even point, you can’t make informed business decisions.

According to recent research, a staggering two-thirds of US millionaire-owned businesses are operating without a succession plan—and even fewer small business owners around the globe are prepared for their CEO’s eventual exit.

In this article, we will give you some smart and practical tips that you might not have considered to lessen your costs while maintaining employee and customer satisfaction.

Each month, members of the MATAX team pick their favorite of the month.  Here are the selections for April.

Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It’s an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure.

Having total control over your finances can give you an amazing sense of freedom. However, it takes a lot of discipline and hard work for you to be able to achieve this.

Maintaining positive cash flow can be challenging for small businesses, whether you’re just starting out or have been running your company for years.

These tips will help you get paid faster, so you can avoid a dangerous cash flow crunch.

Each month, members of the MATAX team pick their favorite of the month.  Here are the selections for March 2021.

Digital signing, versus the traditional “wet” signature, has become increasingly popular in recent years.  More and more countries across the globe have endorsed the legal validity of digital signing, enabling businesses to digitize entire workflows and further optimize management processes.