DeepSky’s List of the Best Banks for Entrepreneurs
A company’s relationship with its bank is built on convenience, ease of use, trust and, of course, lending. Because customers and colleagues continually ask for our opinions about large “name-brand” banks and smaller, community banks, here are my top-line thoughts on the ones that excel and those that lack what you need. DeepSky List is […]
Get Your House in Order Through 3 Key Areas
Increasing your company’s bottom line seems simple. Just get more clients or customers, right? Yes – and no. A great way to grow is to secure more business, but let’s suppose you have a solid pipeline of prospects you know you can easily turn into customers. Sounds good, but what if you don’t have the […]
Why Are You in Business?
If the quick answer to that question is “to make a profit,” then my friends, it’s very likely that you’ve lost your way a little since the day you opened up shop. As Simon Sinek would argue, making money is a result of being in business, but it is rarely the reason you are in […]
Is Accounting in the Cloud Secure?
Cloud computing has touched nearly every point at which we interact with our world. Just one look at your smartphone and the extent to which we rely on the web to manage our daily personal and professional life becomes crystal clear. We don’t balance checkbooks; we log into mobile banking. We don’t pen letters; […]
The Benefits to Making Sense of Your Business’s Numbers
How financially healthy is your business? Do you have the focus needed to project realistic outcomes for the end of this quarter? What do you estimate your profit and losses to be? Whether you’re a fledgling startup or an experienced entrepreneur, staying on top of your accounting and knowing what your numbers mean – is […]
Use Accounting to Build a Profitable Business
Why accounting shouldn’t be an afterthought Many successful entrepreneurs have pointed out that a capable controller should be a key hire you make as soon as you are able to afford one. Others would argue that you cannot afford not to have one. The issue is that 99% of accountants out there think defensively about […]
Mission: Small Business – Help DeepSky Advance!
Hello, DeepSky family and friends. We have entered a competition and are asking you all for your support and help. Chase and LivingSocial are giving 12 businesses across America $250,000 grant to help boost their growth and we’ve entered DeepSky in the competition. To advance to the next stage, we will need at least 250 […]
The Rockefeller Guide to Accounting (Part 2)
Charting the Course by Figures Making business decisions based strictly on the numbers came easy to Rockefeller, but for most young entrepreneurs, it is a skill that must be refined through practice and discipline. Removing emotion from decision-making in business virtually always results in an outcome most favorable to the success of the business, but […]
The Rockefeller Guide to Accounting (Part 1)
John D. Rockefeller The name John D. Rockefeller elicits a wide range of emotional responses, but seldom succeeds in conveying banality. From the socialites of high society that tout his entrepreneurial spirit and philanthropic endeavors as nearly god-like, to circles in which he has been demonized under the conspiratorial view that his rise to such […]
What’s My Break Even Point?
What’s your break-even point? I woke up this morning to a wise tweet from an amazing entrepreneur, Norm Brodsky: When you are starting your #business the most important questions are 1. what’s (yo)ur break even point 2. how will you get there Great point. Unfortunately, entrepreneurs who can answer this question is few and far […]
