Top 3 Outsourcing Risks & How to Avoid Them
These days, outsourcing has become a common practice for both large corporations and small businesses alike. This is because it allows them access to skilled expertise and flexible staffing options at a more efficient cost, among other things. However, for all its benefits, it doesn’t come without its own risks, and like all business decisions, […]
5 Free Financial Tools for Small Businesses
Small businesses need to know about free financial tools that can provide the utmost convenience. Every owner knows the pain of just starting and wanting to track all of their costs. Expense management is extremely crucial for this part. At DeepSky, we believe that you shouldn’t overspend on finances. We, in fact, assert that many […]
Top 6 Finance Options for Small Businesses and Startups
Financing a business can prove tricky. You want to maintain a steady cash flow so as to not go bankrupt. Despite that, new injections of funds can help you grow beyond your previous capacity. What are your options? We go through several of the basic ones for startups. Types Of Business Finance Bank Loans And […]
How Does Virtual Accounting Work
Virtual accounting is a process for giving accounting professionals the unique opportunity for providing accounting services for their clients remotely. The practice is becoming more and more mainstream along with the increasing number of businesses searching for creative methods of finding the perfect balance between their company’s workloads and their staff. Often their lack of […]
The Importance Of Scaling A Business
Scaling a business means growing with a plan, and a marketing strategy. You don’t have to necessarily scale, but we recommend it if you love your personal venture and have reasons for continuing it beyond “turn a profit”. You can create long-term sustainability with the right kind of growth. Read on further to see if […]
Preparing A Profit And Loss Statement for Small Businesses: 4 Important Steps
A profit and loss statement for a small business doesn’t have to incorporate rocket science. You simply have to know how to plug in the numbers for a monthly, quarterly, or annual basis. Then you get a picture of your business’s health and the narrative that investors see. DeepSky has asked this question to our […]
5 Tips That Help You Determine Short Term Financial Goals
2020 is arriving all too soon, and new business goals come with it. You want goals that align with your values in the short-term while preparing for the first sixth months of the calendar year. DeepSky wants to help you avoid bad financial advice like lowering prices and reducing the value of your products or […]
Small Business Accounting Services To Grow Your Company
When you start with a small business, you want to find areas in which to grow. That way you can prove that you are a viable investment for venture capitalists and other potential stockholders. The numbers can help with that, but you may lack the time to view your income statements. Your employees may also […]
What Are The Responsibilities of A Chief Financial Officer?
A chief financial officer (CFO) is an important figure within a business. He or she is one of the highest-ranking officials in a company and one responsible for keeping finances afloat. As a result, they are very important. Traditionally, a CFO would control all of a company’s finances. They would choose when to introduce new […]
How much should you charge for your services? Pricing Services 101
How to Set The Right Price for Your Company? The most experienced entrepreneurs know that price is the dominant factor driving profit. While profits can be increased via a number of ways, raising prices is the simplest method that yields the biggest result. A mere 1% change in price can generate double digits change in […]
