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A patent gives the right to exclude the receipt of profits from your invention by third parties. The scope of this right is determined by the scope of the requirements indicated in the patent application: by demanding too little, you reduce the cost of your invention...
There are several key principles that all accountants should always keep in mind. No matter what kind of business you may be bookkeeping for, your books should be consistent, easy to understand, easy to read, and objectively useful. These principles are...
The woman above is making the three mistakes. Can you guess what they are? If you cannot guess all three you are not alone. Many business professionals look at the woman and only notice her harsh facial features as a potential mistake. Yet, she is make three big...
I recently read an article on Huffington Post titled 7 Deadly Sins of Entrepreneurs by Haley Lynn Gray. The piece explained seven areas where entrepreneurs make mistakes. I have made a few of them myself when starting new businesses. I tend to be overly generous in...
Would you believe that a lot of businesses don’t have a website? Here are 4 top reasons to consider a website for your small business. Credibility Building a website for your business makes you seem credible and helps build customer trust. Nowadays, most people go...
Our business closed our doors for part of a day due to a snowstorm. There were 2 employees that came to work and one who didn’t show up at all. One who showed up was hourly and one was salaried, exempt. Who do I have to pay? Check out this ADP article to find out the...