All trades, including pond-building, have one thing in common: 90 percent or more of all owners used to be a tech working for someone else. One day in the field, a little light bulb goes off and says, “Gee, theMore…
Finance
Using QuickBooks for your Pond Business
Accounting is a necessary evil for all business owners. Unless you can afford to hire someone —“ and don’t get me started on where that can go wrong —“ you need to know how to at least do the basics.More…
Manage Cash Flow to Keep Your Business Afloat
It’s a basic principle: Cash flows into your pond business when you sell a job. Cash flows out when you pay the costs of the job and your overhead expenses. If you sell jobs for less than what it costsMore…
Pond Business | 2015 Tax Season Coming
Thanks to the Supreme Court’s late-June decision in King v. Burwell, many garden pond professionals will escape at least some of the sharply escalating costs of the Affordable Care Act (ACA). That Court decision should, however, be a wake-up callMore…
Buying for Business: Making smart capital purchases
Do you understand the nuances of capital purchases? Are you using these nuances to your advantage? If not, you may be making critical mistakes that cost you money each time your company buys equipment. In this must-read, in-depth article, MarkMore…
Basic, Necessary, Affordable Insurance
Natural disasters and on-site accidents can destroy companies overnight. Is your pond business protected against unexpected loss? No matter the size or value of your business, insurance is an essential precaution you can’t afford to be without.
Basic Business Entities Explained
Quickly learn about the different business entities that are available to the businesses in the pond industry. You have heard them before – Sole Proprietor, Partnership, LLC, and Corporation. There are tax benefits/detriments to each of them. What will fitMore…
Better Business Credit
Ever wonder how you can improve and increase the credit for your business? Here is an in-depth article including nine steps on how to Establish Business Credit. Learn what trade credit is and four ways to get more of it.More…
Can You Afford Discounts
Should you provide discounts? What are the Pro’s and Con’s of discounting? You may even be able to profit by offering discounts. When a discount is offered to you by a manufacturer do you take advantage of it, and whyMore…
Tax Deductions – Advertising, Marketing, Entertaining and Deducting
Who wants to pay more taxes then they have to? Take a look at critical tax information compiled specifically for the pond industry. Learn from a 25-year tax veteran to take full advantage of available tax deductions. Learn how calculatingMore…