Blog

What to do when a business partnership breaks up

Posted by XO Accounting on Feb 17, 2020 9:30:00 AM

The start of a business partnership is an amazing time. Generally speaking, both people are invested financially, emotionally and professionally in the business. It may be stressful to start a business but doing so with a partner gives you someone to share the responsibility and workload with. When you and your partner collaborate and work well together, a partnership can be incredibly fulfilling.

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Topics: sell your business, negotiation, business owner, business partnership

10 Daily Habits of the Rich and Powerful

Posted by XO Accounting on Feb 10, 2020 9:30:00 AM

It's the little things that make up the big things. Here’s a list of ten traits of some of the movers and shakers in the world today (and from the past).

 

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Topics: management, business owner, habit

Benefits of using technology

Posted by XO Accounting on Feb 3, 2020 9:30:00 AM

These days, you can use technology to take care of almost any issue facing your business. If you have a task you don’t like to do, there’s an app or software program to take care of it for you. It might take a few moments of your time to learn and understand how the software or app works, but doing so will save you valuable time and precious energy. It will also free you up to spend time on the tasks you love to do, not on all the paperwork and record keeping that go along with running a business.

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Topics: accounting technology, app, software, accounting software

How to choose a financial planner

Posted by XO Accounting on Jan 28, 2020 10:15:00 AM

No matter how much money you currently have in the bank, it’s a good idea to consult with a financial planner sooner than later. There’s no better way to start mapping out strategies for investing – and saving – so you can meet your short and long term financial goals.

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Topics: financial, planning, financial planner

How to ask the right sales questions

Posted by XO Accounting on Jan 20, 2020 10:00:00 AM

Sales is about addressing your customers’ needs and problems. By understanding the issues clients face, you can show them how your solution solves their problem.

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Topics: business, sales, small business

How to Maximize your Assets before Retirement with Tactical Investing

Posted by XO Accounting on Jan 13, 2020 10:45:00 AM

Risk tolerance, time horizon, and asset allocation - you've dealt with these factors for a good part of your life, but now, in the face of retirement, they take on a more urgent and significant role. These factors - particularly tactical asset allocation - are vital to maximizing your assets before your retire in a few years' time.

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Topics: Self Funded Retirees, planning, efficiency

Want to chat about business plans for the new year?

Posted by XO Accounting on Jan 10, 2020 8:16:00 AM

 

Business Planning for 2020

It’s hard to believe but the new year has come!

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Topics: small business, management, planning

The Number 1 Thing You Need to Know About Your Business

Posted by XO Accounting on Dec 16, 2019 9:15:00 AM

When you own a small business, it’s vital you understand how money flows into and out of it. At a basic level, you need to know where your income comes from and what your expenses are. At a deeper level, knowing how money moves through your business can help you make strategic decisions about growth, invoicing, and debt management. The consequences of not understanding money can be drastic—poor financial management is one of the main reasons businesses fail.

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Topics: accounting, accounting systems, xero accountant, cash flow

Tactics for paying down debt faster

Posted by XO Accounting on Dec 9, 2019 9:23:00 AM

Very few business owners have the means to operate without borrowing at start up, or later on when it’s time to invest in growth.

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Topics: financial, debt, freelancer, small business

Separating personal and business expenses

Posted by XO Accounting on Dec 2, 2019 9:01:09 AM

There are some things in life that go together well and others that definitely do not. Business and personal finances are in the category of items that should not be mixed. Although it may seem like a headache to keep them separate—who wants to manage all those bank accounts?—your life will be greatly simplified once you separate your personal and your business finances, especially your expenses.

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Topics: expenses, small business

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