When you are looking to grow from a entrepreneur to a business owner who leads, not manages his team, my number one small business management tip is to build systems. By having systems, you can bring someone in who knows nothing about how your business runs, and they can learn a systemized way to do Read More
3 Ways a Business Coach Can Help You Grow Your Business A good business coach can help you grow your business. At Magic Tax & Bookkeeping, we can do just that. We have the experience and expertise to help you take your business to the next level. In this article, we’ll go over some of Read More
One lesson I learned early starting my own business at a young age was… Being the Boss is Not Easy!! I speak with people all the time who dream of becoming self employed and starting their own small business. Don’t get me wrong: being self employed is the best lifestyle out there. It has a huge range Read More
3 Ways a Business Coach Can Help You Grow Your Business A good business coach can help you grow your business. At Magic Tax & Bookkeeping, we can do just that. We have the experience and expertise to help you take your business to the next level. In this article, we’ll go over some of Read More
What is a Profit Margin? Profit margin is defined as a ratio of profits earned to total costs over a defined period (monthly, quarterly, annually, etc.). Each industry generally has its own average profit margin due to the differences in costs and materials needed for different products and services. There are two types of profit margin Read More
As a business owner it is important to be involved in your business. From the day to day operations, customer service, strategic planning, etc… But many business owners have trouble understanding the debit/credit side of accounting. Failure to understand the complexities of accounting can cause financial mistakes, stunt growth, decrease your bottom line, strain a Read More
Magic Tax & Bookkeeping LLC If you have delayed preparing your documents for Tax time here is a quick list for the new business or those looking for a quick refresher. Here is the list of the top 5 documents your tax professional will need. 1. Financial Statements Financial statements are a basic set of Read More
As a former performing professional magician, one thing I really learned is that practice does matter. How did I learn to make a coin vanish? Practice, practice, and more practice!!! Every behavior that is practiced consciously becomes an unconscious habit at some point. Practice is the “Mother of All Skills” and every human Read More
