Ideal Business Consultants

Many small business owners have been asking exactly how the health care bill will affect them. We don’t have a crystal ball but we will do our best to try to answer some of your most important questions.

What is the Timetable for Employers?

In 2011, the law will require individual and small group market plans to spend 80 percent of premium dollars on medical services. Large group plans have to spend at least 85%.

By 2014, employers who have more than 50 employees must offer health insurance benefits or pay penalties. Companies with 25 or fewer employees who meet certain wage requirements will also be able to get credits toward health insurance purchases. <

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As a small business owner it can be quite a challenge deciding what the best business credit card is to obtain with over 500 corporate credit cards to choose from in the marketplace.

In addition, there are various types of cards that each serves a unique purpose for your business. Such as tracking business expenses, controlling spending, managing employee spending, etc.

Before you select a card it is important to first obtain copies of your personal and business credit reports with scores.

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Are you familiar with the phrase “Choosing a business partner is like choosing a wife or husband?”

Compatibility, open communication, passion, trust, a solid work ethic and expertise are just a few of the qualities that we look for in a good business partner.

Having skin in the game is just as important. When a partner invests his own money into the business it deepens the level of commitment and attitude towards it. It provides a greater sense of ownership and responsibility.

But having money invested is just one piece of the puzzle. How

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I wish I knew about these five tools when I started up in business. I promise this post wont be long, but it will definitely help your business. Each service has a quick breakdown of what it is and a short video explaining it. Enjoy!

1.) Bill Guard

Slogan: Antivirus for your bills

What is it?

BillGuard scans your credit cards daily, alerting you to hidden fees, billing errors, forgotten subscriptions, scams and fraud. Its really useful for businesses that make a lot of recurring payments and deal with vendors. Check the video out for a quick rundown.

2.) Less Accounting

Slogan: Bookkeeping should be easy.

What is it?

Your bookkeeping isnt as hard as you think.

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Within any business, there is a natural accounting flow. In some cases, entrepreneurs prefer to do it the old fashioned way – keep all original receipts and write everything down in journals and ledgers. Some like the digital age way of accounting with Excel spreadsheets and accounting software.

Whichever way you do your accounting process, there are two financial statements that have always been the most important in operating a business: the Balance Sheet and Income Statement.

Within any accounting system there are five basic types of accounts:

1. Assets
2. Liabilities
3. Capital/Equity
4. Income
5. Expenses

The first three accounts are called permanent or real accounts, and stay on the books forever. T

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No matter how successful your business is (or you think it is), there is always room for improvement. Change is the only sure thing your small business will always encounter. And whether your goal is to attract a wider market or become the leader in your niche, one strategy that has proven successful time and time again is rebranding.

Your brand is more than just the logo on your letterhead. It is how people, both customers and potential ones, view your business. Your brand is more your reputation than just the colors on your packaging.

But when it comes time to make plans to attract a new or wider customer base, what can you do to modify and update your branding?

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With the prevailing economic situation, owners sometimes need to secure cash advance business in order to keep their operations afloat. You see nowadays, one of the questions that keep on bugging every small business owners is how to get enough cash to run their business smoothly. While the question may seem simple enough for most people, it is not that easy to answer.

Unlike in the past when most businesses can rely on a steady cash flow from the customers, the gloomy economic condition sometimes compel small business owners to seek funding sources elsewhere. The first thing that most owners usually consider is to secure a loan from banks or financial institutions.

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Have you ever thought of starting your own business? Perhaps you have considered doing this for a long time already and you just didn’t know where to source the funds you needed. There are actually various lending institutions around but due to harsh economic times, they have also taken precautions in granting loans and other types of funds. If you have been exhausting everything just to come up with a particular amount to no avail, then maybe it is time for you to start a business using your retirement account.

This retirement account is usually referred to as your 401k. This is protected by the government as a way of guarding your future as well. T

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