My husband recently started his own company and as a small business owner, he understands the fine line of smart budgeting in order to be profitable and smart purchasing. 

Some things he (wisely) can live without; others not so much.  Take for example, his new Mac computer he had to have “in order to conduct a successful business” or the Avaya IP Office he is having installed.  Not that I am complaining!  Both may have been a hefty initial price tag, but things are starting to pay off as his company starts to take flights. 

On the other hand, he has held off hiring another employee until his monthly profit increases and he knows for sure he can support an additional salary. 

I am slowly but surely learning the ways of a small business.  He is very patient and supportive of my “endeavors” to help him.  Wish us luck!

A successful business is dependent upon documents: correspondence (letters, emails, and memos), contracts, reports, etc.  Each document is record what the business does.  Whether on paper or electronically, it is imperative these documents are kept organized and systematized to keep any business on track. 

 The process, known as record management, is in place so companies know which documents to keep, where to keep them and for how long; such factors establish if information and documents are available when you need them. 

Record management is imperative because it allows companies to help control costs and diminish issues that may arise due to lost records and documents.