What are internal controls and how do they affect my business?
As a business owner, you know it’s important to have systems and procedures in place to help protect your company from financial mismanagement, fraud, and other risks. These are what we call internal controls. In this blog post, we’ll discuss what internal controls are; outline the reasons why they are important to your business; and […]
4 Communication Styles in Business
Communication makes your business go ’round. It helps you manage relationships, score clients, and engage your staff. Forbes describes intentional and purposeful communication as powerful enough to shift a business’s culture and engagement. However, they specify that while employees have some responsibility in communicating — that responsibility starts with leaders. If you’re a business owner or entrepreneur, […]
What is a playbook and how can it benefit your business?
Think about the way you carry your business. You might have a clear picture in your mind about your company values, processes, goals, techniques, and intricacies — but your team won’t. Not unless you create a company playbook. Here at Creative Clan, we help our clients file their taxes and document their brand guidelines, process […]
Business Risk Management: What to Know
Business Risk Management: What to Know “Fortune sides with him who dares” — Virgil would have made a great businessman, right? Risk is an unavoidable part of business, both in the beginning and throughout (but mostly in the beginning). It’s hard to know how much risk is too much risk, especially if you’re a new startup […]
Types of Business Automation
Types of Business Automation Think of every tedious task on your to-do list. Responding to emails, scheduling meetings, approving social media posts — the list goes on and on. Today’s entrepreneur is bombarded by endless administrative chores that take up time they could otherwise spend on growing their business. The solution? Help, for starters. Outsourcing work to […]
What is the purpose of standard operating procedures?
What is the purpose of standard operating procedures? What does a typical day look like for an innovative business owner? If you’re an entrepreneur, you don’t need us to tell you how many moving parts there are. You’re managing cash flow, hiring staff, evolving your vision, managing client relationships, finding new business — and the list […]
14 Business Terms Every Entrepreneur Should Know
14 Business Terms Every Entrepreneur Should Know Do you ever get lost in business lingo? You know your stuff, yet feel lost when listening to industry speakers or chatting with a new client: Incubator? KPI? UVP? Huh? Do these buzzwords actually mean anything? Here at Creative Clan, we know how many moving parts a business […]
What is a business plan?
When starting a company, an important first step is creating a business plan. This is especially true if you’re seeking financing or grants. Investors and lenders will want to see a well-crafted business plan before they consider extending a loan or investing in your company. However, a business plan is a useful tool for planning your startup or developing operations. Continue reading below to learn more about business plans and how they can help you.
When should I incorporate my business?
When starting a business, there are many decisions to make. One of the most important is whether to incorporate your business. Incorporating can provide several benefits, but it’s not always the right choice for every company. The decision to incorporate boils down to volume of income, timing, and a few other factors.