If you’ve recently started a new business or you’re considering it, you should note that running a business involves a lot of activities that require the assistance of capital. If you don’t have capital funds, you don’t have a successful business. Therefore, if you don’t have the funds yourself, you may need to look for outside capital, such as deciding to offer stock options. You can obtain outside funding from investors in exchange for stock options in the company- but…

As a business owner, if you want your small business to run smoothly and efficiently, you must have a good organizational system in place. One of the biggest challenges when it comes to organization in a small business is storing business receipts. In order to keep track of your spending, file taxes properly/accurately, survive an audit, and monitor your financial health, it’s critical to find the system that works for you. You may find that it’s best to hire an…

As a small business owner, it’s important to find ways you can maximize profits while minimizing expenses. Nearly everyone will offer their advice on how your business can save money. While many of these things are obvious, there are also several things you can do that are more obscure. If your business is located in or near Cincinnati, Ohio, Orcutt and Co. can keep your finances in order. We specialize in payroll and tax prep, as well as monthly accounting and…

As a small business owner, you are responsible for many things. Unfortunately, if you’re like many business owners, you may find yourself overwhelmed with time-consuming business responsibilities. The good news is, you can delegate some things by having your small business outsource accounting. This will allow you to focus more on the tasks that grow your business. If you have a small business in or near Cincinnati, Orcutt & Co. can help. We are equipped to handle your daily bookkeeping and…

One of the key issues for small business owners is increasing employee satisfaction and retention. When employees stick around, they cost less over time than hiring new employees. In addition, they become familiar with your company and can help you grow. These days, employees are less likely to stay if they are not satisfied. Therefore, as an employer, you must focus on increasing their satisfaction to encourage them to remain loyal. Give them a reason to stay with you rather than going…

Once upon a time, landing a job right out of college was easy. After all, less than 5% of adults under age 25 held a bachelor’s degree or higher, which made them stand out from the crowd as having the skills and mindset to be productive. However, now more than 40% of adults in this age group have a college degree, which has led to this being a basic requirement for securing employment. But what about recent college graduates who haven’t…

As a small business owner, you have a wide array of responsibilities. You must make decisions each and every day that have an impact on your business. These decisions you make to grow your business can also impact your personal life through the natural risks of owning a small business. If you’re not careful, you may be held personally accountable for your business’s debts and other obligations. If your small business is located in or near Cincinnati, let Orcutt & Co….

Most business owners agree that the biggest challenge they are facing right now is how to remain profitable. One of the best ways to do this is to find ways to cut costs and one of the first places to look for this is with your waste. Many businesses find that one of the major places they are losing money is through their waste management strategy and not emphasizing recycling efforts. If your business is located in or near Cincinnati, let Orcutt &…

Research from the U.S. Bureau of Labor Statistics shows that approximately 20% of small businesses fail within the first year. This is primarily due to financial mistakes. As a small business owner, it is important to understand that your first year in business will make or break you. Below, we’ll explain 8 of the most common financial mistakes that entrepreneurs make within the first year of business. Top 6 Financial Mistakes Leasing Too Much There are two possible outcomes for this…

You’ve been dreaming of starting your own small business, but you’re drowning in debt and don’t think it’s possible. However, the truth is, personal debt doesn’t necessarily mean that you can’t start a business, it just might take a little more time and effort. If you are in or near Cincinnati and thinking of starting your own business, contact Orcutt & Company. For more than three decades, we have been helping small businesses, entrepreneurs, individuals, and families plan for their financial…