21. Become rich and wealthy with less stress.

22. Start almost any business at little or no costs.

23. Get rid of your extra inventory.

24. Reduce and eliminate your debts and avoid bankruptcy.

25. Afford to sell your products at a lower price.

26. Increase your opt in or ezine subscribers for free.

27. Get your web hosting and design for free.

28. Save money outsourcing your workload for free.

29. Find hidden income streams.

30. Exchange useless products for profitable ones.

31. Create new business funding and credit lines.

32. You can produce more products in less time.

33. Find and create new distribution channels for your products.

34. Give your employees more raises, bonuses and benefits.

35. Even trade nonbusiness stuff to improve your personal

life.

36. Increase your sales and profits.

37. Send your ad to huge, targeted email lists at no cost.

38. Eliminate employee hiring costs creating barter outsourcing deals.

39. Build your customer or opt-in list for free.

40. Build profitable alliances with other businesses.

41. Learn insider information from other experts at no cost.

42. Have someone else to test your product.

43. Can out-sell other affiliates easier.

44. Increase number of affiliates that sign up to your reseller program.

45. Offer more bonus products and incentives to buy.

46. Get highly credible endorsements and testimonials from other experts.

47. Quickly increase your ezine subscribers.

48. Offer your products at lower prices than your competition.

49. Easily find new up sell and backend products to sell.

50. Create products faster and with less effort.

51. Combine efforts and increase productivity.

Document money that your small business spends in a cash disbursements journal. It should have columns for various expenditures that your small business may have with a line for each expenditure, including description of expense, date, payee, check number and total amount.

Double-Entry Bookkeeping As your business grows, you may need to adopt a double-entry bookkeeping system. This system provides more information to paint a more complete picture of your business at any particular point in time. This information may include available cash on hand, accounts payable, utilities, loans, etc.

Your small business should use a double-entry bookkeeping system if has significant accounts receivable, accounts payable, equipment that depreciates or inventory. If your business will meet any of these, you should select a double-entry system from start. You'll use journals and ledgers to record information that reflect your business transactions.

Each transaction will be recorded twice, meaning system will balance itself out. For example, if you make a loan payment, you will decrease cash amount in your cash account and increase exact amount in expense account.

What Type of Records To Keep The type of business you operate generally affects type of records you need to keep for federal tax purposes. You'll need supporting documents to capture important details, such as your receipts, purchases, expenses, assets.

Here are some other basic record keeping tips to keep in mind: "Daily business records are best "Identify source of receipts "Record expenses when they occur "Keep complete records on all assets

Remember, good record keeping is essential to financial survival of your business. So take time to keep good records, so you can run your business successfully - instead of it running you.