The MATAX Blog: Ops and Accounting Insights for Founders
Actionable advice, operational playbooks, and strategic deep dives to help you scale your business without the chaos.
How to build a cash war chest when money is tight
Your “war chest” is the financial reserve your business has built up so you can take advantage of an opportunity or cover unexpected costs or emergencies.
Ways to run your business if you can’t open your premises
The COVID-19 pandemic has proven challenging for many small business owners. It’s difficult to run your business remotely, especially if you’re not set up to do so. If you run a business that requires customers or clients to come to you, you might be very concerned about how you can continue to operate without opening your premises.
Opening the books - should you share your business' financial performance with employees?
There are two schools of thought when it comes to “open book management” – the decision to increase transparency by sharing your company’s financials with your employees.
Why hiring a bookkeeper is a great investment
Discover why hiring a bookkeeper is a smart investment for small businesses. Save time, prevent errors, get expert financial advice, and ensure you get paid.
Three classic business mistakes and how to avoid them
Even the best entrepreneurs make mistakes. In fact, most would advocate that you need to make a few mistakes to learn and grow. So it’s important not to let those missteps stop you from following your dream of running your own business.
The common time waster that stops your business from growing
Being a small business owner can be fantastic. You get to be involved in every aspect of your business, from marketing to event planning, from sales to employee development. Being involved in so many areas of your business saves you from boredom and allows you to use skills you might not have known you had.
Here's why you should be using two factor authentication
Increase your company's data security with Two Factor Authentication (2FA). Learn how it works and why it's essential for protecting your digital data.
Separating Personal and Business Expenses
Separate your personal and business expenses with ease. Learn why keeping them apart is crucial for simplifying paperwork, taxes, and financial management.
D to the Power of 4 - Four Steps to Better Time Management
Time management skills are increasingly important in a world where people seem to rush headlong from one crisis to another. Add in the effect of social media and addictive computer games that can be accessed from anywhere at any time and it's no wonder that some people struggle to fit everything into their days.
8 Ways to Manage People Better
Good people management comes through experience. Courses will teach you the theories, but there is no substitute for day-to-day practice managing staff and their issues.
Lessons from three pricing stories
Times were tough, so John decided he had to drop his prices below his competitors. The results seemed gratifying. Business picked up quickly and when John looked round his shop he could see his sales staff were always busy with customers.
5 Ways to Save Money for your Business
Looking for simple ways to cut costs? These tips will help you make a noticeable difference to your bottom line.
Five Best Selling Books on Business and Money
Discover the top five best-selling books on business and money currently on Amazon's list. Learn from experts and sharpen your skills with invaluable advice.
Benefits of money mindfulness
If you’re like most people you’ve probably gone for periods of time without really thinking about how you spent your money. Maybe you even avoided looking at your bank statement so you wouldn’t see how much money you spent and how little you saved.
Three ways to speed up invoicing
Everyone likes making money, especially small business owners. Invoicing, however, is typically one of the tasks that small business owners like the least.
Mastering Email Management for Maximum Productivity
Master email management for productivity. Keep employees focused by setting guidelines, limiting attention residue, and finding effective communication methods.
Transform Resolutions into Action with SMART Goals
Transform resolutions into action with SMART goals. Set Specific, Measurable, Achievable, Realistic, and Timely goals for success. Start planning today!
How to set your small business payment terms
Learn how to set payment terms for your small business to ensure healthy cash flow. Discover strategies for invoicing, following up on late payments, and more.
Why Bookkeeping is Crucial to Your Success
Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges, and set attainable future goals.
But despite their proven importance, many business owners dread and avoid accounting tasks. In fact, 40% of surveyed entrepreneurs claim that bookkeeping is one the worst parts of running a business!
Wondering if it’s really worth the aggravation?
Here are four reminders of how effective bookkeeping is the cornerstone of small business success.
4 questions you should ask your accountant
Ideally, you and your accountant are more than just “adviser” and “client”.
With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners.
The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask your accountant these four important questions.