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.
Planning the year ahead
The turn of the year usually prompts most people to think about some business planning for the year ahead. Here are some tips to make the planning more productive.
Top Business Apps to Boost Efficiency in December
Discover the top business apps to boost efficiency in December 2020. From accounting integrations to video conferencing tools, find the ideal solutions.
Five Ways to Bring in More Cash for Your Business
Now is the perfect time to evaluate your financial position and come up with innovative ways to add revenue streams and generate cash. Here are five ways you might consider to improve your cash inflow.
Creating your business to-do list
When you’re an entrepreneur, your to-do list is often long and constantly growing longer. There is an overwhelming number of things you need to do, and it can feel like they’re all urgent. In such cases, it’s easy to push important tasks to the side and focus on less-vital activities, but that often means you miss deadlines, make mistakes, or always feel as though you’re trying to catch up.
How Small Businesses are Boosting Sales During COVID-19
In this article, we put a spotlight on the most creative and innovative ways that small businesses have adopted to increase sales during the pandemic and prosper in the new business environment.
How Your Business Can Thrive Even in a Recession
The pains caused by a recession can be excruciating, which is why most of us dread the thought of it. A recession can mean massive layoffs, jobs becoming harder to find, and wages frozen, which means consumers hunker down and spend less– often worsening the economic slowdown unknowingly.
Efficient business systems really pay off
Too many businesses fall over because the owner has not established efficient business systems. This typically happens because the business owner is so caught up in the day-to-day running of the business that the fundamentals of good business management get forgotten.
Changing your business model
Your current business model is the way your business earns money. A change in your business model can bring substantially more income – sometimes for less work and lower overhead costs.
How cash flow forecasts can help you
Managing cash flow is a vital part of running a successful business. Some business owners think managing cash flow simply means keeping track of how much money enters and leaves their business, but there’s actually more that goes into it.
Beyond COVID-19 – How to build value in your business
The key to building value in your business is to plan the process in a systematic way, whether you’re aiming to grow your business or groom it to get a better price from a buyer.
Battling Through COVID-19: Finance Tips for Business Survival
We’ve heard this before: the COVID-19 pandemic is an unprecedented global health and financial crisis that has caught many off guard. While the threats to human life are very real, the damage to the health of businesses is really just starting to show.
Prepare a business plan for COVID-19 recovery
You probably didn’t factor a global pandemic and national lockdown into your business plan! So now is definitely a good time to revisit your business plan for the next year.
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. Building a cash reserve when finances are tight, however, can be difficult.
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
For small business owners, the risk of data breaches and fraud is high, so taking all the necessary steps to protect your sensitive data is a must.
Unfortunately for many entrepreneurs, the decision to increase their company’s data protection comes too late – after they’ve been victimized by a malicious hacker.
Separating Personal and Business Expenses
There are some things in life that go together well and others that definitely do not. Business and personal finances are in the category of items that should not be mixed.