Focusing on high-value customers is one of the best ways to increase profits. These customers buy more often, buy more valuable goods or services, and cost less to acquire than new customers. If you want, you can create personalized marketing campaigns and offer loyalty programs or special offers to entice people to buy from you …

Choosing the right business structure is one of the most important components of effective tax preparation for small business owners. Whether your business is a sole proprietorship, partnership, LLC, or corporation, its structure can have a significant impact on your tax treatment. For example, while LLCs and corporations have greater latitude in distributing income and …

The lifeblood of any business is cash flow, especially for small businesses with limited resources, a steady income is crucial. It’s all about the flow of money in and out of your business. A negative cash flow indicates the opposite; a positive cash flow indicates that more money is coming in than is going out. …