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Understanding Labor Costs in Business: Direct vs. Indirect Labor - Cloud Friday Accounting

Understanding Labor Costs in Business: Direct vs. Indirect Labor

In business, making a sale or closing the deal is not the only thing important. Business owners must also learn expense management. Understanding the costs incurred allows entrepreneurs to measure the growth and profitability of their businesses. All these factors are crucial in making business decisions, formulating strategies, and managing business finances. A significant portion […]

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Embracing Workplace Flexibility - Cloud Friday Accounting

Embracing Workplace Flexibility

The COVID-19 pandemic has drastically changed the world, including workplace dynamics. It forced people to think outside the box of ways to survive amidst the lockdowns. Businesses, unable to afford extended periods of shutdown, adopted flexible work setups. While some companies have already implemented flexible work schedules, the pandemic has shown the world how a

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Top 10 Factors That Make Your Company Irresistible to Investors - Cloud Friday Accounting

Top 10 Factors That Make Your Company Irresistible to Investors

Investors bring with them a myriad of benefits. Aside from financial support, they can help boost business growth by sharing their business network. As seasoned business savants, they can also provide invaluable advice and mentorship. Enticing investors, however, takes a lot more than a great idea and a solid business plan. There are many small businesses

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The Top 10 Reasons Why Companies Seek Investors - Cloud Friday Accounting

The Top 10 Reasons Why Companies Seek Investors

It is almost every entrepreneur’s dream to see their company grow and expand. Successfully scaling a business, however, is neither easy nor cheap. Companies often turn to investors for additional funding to fuel their plans. Aside from funding, investors can also provide strategic guidance and industry connections to help boost the growth of the company.

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Recurring Revenue: A Strategic Approach for Sustainable Business Growth - Cloud Friday Accounting

Recurring Revenue: A Strategic Approach for Sustainable Business Growth

Entrepreneurs dream of financial stability and sustainable growth for their businesses. While one-time transactions boost sales, recurring revenue paves a more reliable road to success. In this blog, we shall discuss the types of recurring revenue and how they can benefit small businesses. Types of Recurring Revenue Recurring revenue refers to the income expected to

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Understanding Favorable vs. Unfavorable Variance in Small Business - Cloud Friday Accounting

Understanding Favorable vs. Unfavorable Variance in Small Business

Small business owners need to learn many things to succeed. One of the top skills they need to harness is financial management. Understanding the concept of variance helps them comprehend and utilize key financial metrics. In this blog, we will look into favorable vs. unfavorable variance, including their potential root causes, consequences for small businesses,

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Navigating and Resolving Workplace Conflicts - Cloud Friday Accounting

Navigating and Resolving Workplace Conflicts

When a company expands its operations, it normally adds more people to its team. The increase in the number of individuals with diverse personalities, among other reasons, tends to increase the occurrence of workplace conflicts. In this blog post, we will talk about navigating and resolving workplace conflicts for a healthier relationship between employees, and

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Microsoft 365: A Powerful Tool to Maximize Team Productivity - Cloud Friday Accounting

Microsoft 365: A Powerful Tool to Maximize Team Productivity

In the competitive world of business, entrepreneurs need to ensure their team is performing at its best. Microsoft 365 stands out as a formidable ally in this quest. It offers a robust platform that empowers companies to maximize team productivity. Microsoft 365 provides a suite of cloud-powered tools designed to streamline collaboration, enhance communication, and

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Debt Consolidation for Small Businesses: A Strategic Financial Move - Cloud Friday Accounting

Debt Consolidation for Small Businesses: A Strategic Financial Move

Effective debt management involves careful monitoring of outstanding obligations. A company that manages several different loans is prone to overlooking one at some point. To prevent this, some businesses employ debt consolidation. What is Debt Consolidation? Debt consolidation is a financial strategy where companies select several business debts, especially those with high-interest rates, and merge

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10 Strategies to Cultivate Team Creativity and Drive Small Business Success - Cloud Friday Accounting

10 Strategies to Cultivate Team Creativity and Drive Small Business Success

The business landscape has always been fiercely competitive, especially in today’s rapid technological advancements. As a small business owner, you recognize the potential of tapping into your team’s creativity to gain an edge over rivals. In this article, we’ll explore ten practical tips to foster a work environment that sparks innovation among your employees, one

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