Tuesday, Aug. 11Posted: Updated:
Small Business Advice
Did you know most small business fail within the first five years? Many times the biggest mistake are related to finances. Sherri Slayton with Alliance Bank of America tells us the five common pitfalls for small business owners.
-Pitfall: Not having a relationship with your business banker.
How to Avoid It: Whether you're starting your business, thinking about expanding or just looking for sound advice, your first step should be to make an appointment with your banker.
-Pitfall: Not having a business plan or anticipating cash needs for seasonality or growth.
How to avoid it: Discuss with your banker the short and long term goals for your business.
-Pitfall: Lack of quality accounting and financial information.
How to avoid it: Invest in an accounting system or bookkeeping system at your business, or hire a bookkeeper or accounting service to produce periodic financial reporting including profit and loss statements and balance sheets.
-Pitfall: Internal or external bank account fraud. As a business owner, you should pay close attention to potential fraud on your bank accounts.
How to avoid It: There are many options available to limit access to your business accounts.
-Pitfall: Managing the profitability of the business for tax purposes.
How to avoid it: Talk to your accountant and banker when you are considering deferring recognition of income, pre-paying expenses, expensing items that could be capitalized or accelerating depreciation for tax purposes.
Information on Alliance Bank of Arizona: www.alliancebankofarizona.com
There are many dogs and cats that are looking for a loving home and Arizona Animal Welfare League and the SPCA has pets that are up for adoption. One of those pets that is looking for a home is Baxter. Baxter is a terrier, American Staffordshire? Australian Cattle dog. Baxter is a male, medium size dog who loves to play with toys and loves to exercise. Baxter adoption fee is $25.
For more information on Baxter or any other animals go to:
25 N 40th St.
Phoenix, AZ 85034
Elvis Week at MIM
Elvis week is coming to MIM. August 15th and 16th from 9 am to 5pm, MIM will have a celebration of the life of the "King of rock and Roll." There will hands-on activities, view the classic film “Jail House Rock.”
For more information:
4725 E. Mayo Blvd
Phoenix, AZ 85050
The Container Store
The container store is hiring. They are looking to hire about 50 people for its new Phoenix location on 20th street and Camelback. If you are interest in applying go to their website: www.containerstore.com/careers.
Fox Restaurants Concepts
Fox Restaurants is hosting a job fair today from 9 am to 6pm at the Scottsdale Waterfront. They are looking to hire for hourly positions for restaurants: Olive and Ivy, The Arrogant Butcher and The Henry.
The Scottsdale Waterfront is located at 7135 East Camelback Road, Scottsdale Arizona 85251.