At Ten Key, Inc., we work to support entrepreneurs with outsourced bookkeeping, accounting, and tax filing services. Over the years, we’ve seen everything from the “typical” entrepreneur to the “not-so-typical.” No matter what industry or personality an entrepreneur has, though, there are a few qualities that define an entrepreneurial mindset for us. One such quality is an interest in … [Read more...]
The 5 D’s of Developing an Entrepreneurial Mindset
At Ten Key, Inc., we work with a lot of entrepreneurs, helping them manage their bookkeeping and accounting needs. Over the years, we’ve seen a lot of successes and we’re proud to be a part of them. It’s made us think a lot about what makes up the entrepreneurial mindset. There is no “typical” entrepreneur, but we think the most successful entrepreneurs share the following qualities. The 5 D's of … [Read more...]
How to Create an Accurate Budget: Look Back
Many companies and individuals spend time creating and monitoring a budget. You know how it goes--if you’re a company, you look at your sales, and if you’re a person, you look at your pay stubs. Then you look at your bills. You think about how you want to save money. You wish you could save more, so you decide you’ll tighten your belt. The result? You come up with a budget that could only be … [Read more...]
Advice on Acquisitions from our Featured Client, Julie Murphy
Last year around this time, we profiled one of our clients, Julie Murphy of Designer Draperies of Boston, who shared her story of acquiring a new business to grow her company. If you’re considering acquisitions, we hope you’ll take the time to read her story.We recently caught up with Julie to get an update on her business. She’s doing wonderfully and she gave us some excellent advice to … [Read more...]
Understanding and Utilizing Cash Flow
I often hear clients speaking of cash flow, typically when they do not have enough liquid funds coming through or when they are happy because their clients are paying very well. I seldom hear them talk about the reciprocal effects of cash flow for their business and hence for their household as related to their balance sheet.We are in terrific economic times right now. Banks are lending, … [Read more...]