Business Administration 101

This is my first post.

My experience has taught me one very important thing. Quick Access to your business information is essential. If you have easy access to your business’s information, you can own the control of your business. Control of your business will give you the Power to Know more about your business, such as:

* The Performance of Your Products or Services

* Inventory Control and Management

* Your Customer Profiles

* Who Owes You Money

* Who You Owe Money To

* Your Business’s Income

* Tax/GST/PST Status

All of the above are the controls of conventional accounting practices can be managed on a 36 column columnar pad. However, instant access to the above noted controls is a tedious task. Product performance (Inventory Control) would require a completely separate set of records.

Do not miss the opportunity of learning the dynamics of a manual set of ledgers…it will prepare you for an easy transition to a computerized accounting system.

My future posts will give admin tips. Also, my other sections will help you with MS Excel, Word and PowerPoint.

My next post to this section will help the Small Business Owner understand the business’s pieces of information and how they can relate to each other (tech note: a relational database)