How to Deal with late Payments from Clients as a Digital Marketing Agency
The first entrepreneurs appeared 20,000 years ago when human trade took place in New Guinea around 17,000 BC. From Fortune 500 companies to brick-and-mortar stores, companies still face late-paying clients. Digital marketing agencies are no exception. Here’s how you can tackle it without losing clients. Remove friction from the payment process and automate it as […]
How to pay yourself as a Digital Marketing Agency Owner
Are you curious about how, when, and how much to pay yourself as a digital marketing agency owner? Well, we’ll cover the right way, what not to do, and how much. I get these questions from agency owners all the time: Before diving deep into the above – I highly recommend using an accounting software […]
How to Improve Cash Flow in Your Digital Marketing Agency
The agency owner’s job is to ensure the agency doesn’t run out of money. A big mistake I’ve seen agency owners make; is when they land a big client, they start spending more without proper planning. Be it hiring additional VAs, getting annual subscriptions of software, upgrading the office, building a bigger sales team, working […]
Outsourcing vs In-House Bookkeeping: Pros and Cons
In the dynamic landscape of business operations, entrepreneurs’ crucial decision is whether to handle bookkeeping in-house or outsource it to specialized service providers. Each approach comes with its own set of advantages and challenges. In this post of BICS, we’ll explore the pros and cons of outsourcing vs. in-house bookkeeping to help you make an […]
Why Small Businesses Can’t Ignore Bookkeeping
Maintaining robust financial health is paramount for long-term success in the fast-paced world of small business operations. At the heart of this economic well-being lies a crucial practice that small businesses often overlook – bookkeeping.