The Price of Success: Why Proper Pricing is Crucial for Your Online Business
In the dynamic world of digital entrepreneurship, success isn’t just about offering exceptional products or services; it’s also about pricing them correctly. As your dedicated financial partner, ensuring our clients understand the importance of proper pricing is paramount. In this article, we’ll explore why pricing your services and courses accurately is vital for your business […]
It’s Not What You Take, It’s What You Make (A Guide to Understanding S Corporations and Pass-Through Taxation)
S corporations and partnerships are considered pass-through entities for tax purposes. But what exactly does that mean? In a nutshell, a pass-through entity passes through all its financial activity, which includes income and expenses, to its shareholders or partners. This financial activity is then reported on the personal tax returns of these shareholders or partners. […]
Unlocking Success Amid Economic Uncertainty: The Power of Advisory Services
In today’s rapidly changing business landscape, economic uncertainty has become a persistent companion for organizations worldwide. Amidst these challenges, businesses face the critical task of making informed decisions that can shape their future trajectory. That’s where the value of our advisory services makes itself clear, empowering enterprises to navigate uncertainty and unlock success. Presented below […]
Accounting Challenges Entrepreneurs Face and the Strategies to Fix Them
At CleverProfits, we’ve seen firsthand the unique accounting challenges entrepreneurs face in managing the financial aspects of their businesses. It can’t be emphasized enough how essential it is for your business to follow accounting’s best practices. In fact, one study by U.S. Bank shows that 82% of small businesses fail because of cash flow mismanagement. […]
How To Measure Your Cash Collections: The Catalyst For Growth
One of the most significant challenges we see with our clients is the inability to measure and track whether we are improving our processes and systems of collecting outstanding receipts.
A Crash Course in Accounting for Online Entrepreneurs
Every entrepreneur needs to understand basic accounting in order to responsibly grow their business. Without understanding basic accounting and what the numbers are telling you, it’s impossible to answer simple questions like: How much should I pay myself? Can I hire another contractor? Are my client projects profitable? Do I have enough working capital to […]