Profit: Have your business bank statement sent to your home.

Every day a small business owner is taken to the cleaners by an employee. If you interview nine out of ten of those owners – they would be shocked and feel horribly betrayed. bank statement photoSimple checks and balances establish solid business practices and take the emotion out of running a business.

Have your business bank and credit card statements sent to your home. Each month look over the statements and glance at any checks included – then bring it to your bookkeeper. If something feels off – ask. Even if you are a solopreneur – establish the practice now and avoid issues when you grow.

This won’t stop fraud but it will keep you as an owner thinking about the simple things – where the pennies are going.

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