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Types of Records Every Business Needs to Keep

When you decided to pursue a career in business you probably weren’t thinking about all the records that you need to keep. However, even if it isn’t your passion, you still need to keep records of various aspects of your business in order to be successful in the business world. As you learn the fundamentals of running a business, make sure to include the upkeep of these records.

Financial Records

First and foremost, you need to be keeping very careful track of your finances and any money that comes in or out of your business. Having meticulous financial records will help you to have a clear understanding of your business’s financial situation. It will also help you to always pay your taxes accurately and take advantage of any deductions that can help you save money. Your financial records give you a thorough accounting of the business you have done and how successfully you have been able to perform so you can make pointed improvements.

Incident Reports

Things can go wrong in even the safest environments, and when problems do occur it is important that you keep a record of them. Sometimes incidents will be related to an accident in the workplace while other records will be about interactions between employees or customers. OSHA requires businesses to keep a log of serious injuries on the job. By maintaining a thorough record you can protect your company and also make changes to improve working conditions as you learn from problems in the past.

Employee Records

There are many documents that go into hiring, and that’s for good reason. You should keep track of all employee records, including signed documents proving they are an employee as well as documentation of their performance, good or ill, to back up your later decisions on giving raises or terminating the employee. Federal agencies may also contact you for proof in a lawsuit. The length you keep these records depends on their kind, so check carefully before throwing anything away!

Keeping records isn’t the most riveting part of a job, but it is a necessary part of a running business. Keeping records is always helpful and in some cases, it is legally required. As a business owner it is your job to make sure that you are keeping accurate records and that you ensure they are safely stored.

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Her Why: Sunshine Marie Network Backbone

Her Why: Sunshine Marie Network Backbone

The year, 2009, my father whom was a retired Vietnam Vet and aspiring jazz musician was struggling to reach new potential customers for his St. Louis, MO based HVAC business outside of his immediate radius as illness started to dance around him sporadically. Bred into an artistic family of painters and musicians. I inherited the gift and love of the arts. Throughout childhood I always looked at almost everything with an abstract eye. I went to my father with the idea of creating a platform online for him that embodied the value of his HVAC business in the community and his character. I smile as I think about daddy’s response to me stating, “sunshine, you understand more than I do when it comes to computers. I am learning but you are creative and talented. Go ahead and create this for your dad.”

In remembering the year was 2009 at the time of this discussion, websites for small businesses were just starting to explode and not many in my area had thought of using websites to their advantage or saw the opportunity as financially feasible. Living in Colorado Springs, CO at the time, with excitement and intrigue, I worked on my father’s website after work in the evenings, caring for my children and tending to the house and on the weekends. My father was just as excited as I was. My heart since I was a little girl has and will always be with communities. With those who need help.

My heart was overjoyed to both hear and see the smile on my dad’s face when he would see the work on his developing website. Unfortunately, my father was not able to see his site completion as passed away both unexpectedly and tragically. I was with my father when he passed away and held his hand until he took his last breath. It felt like my soul dropped to the ground and everything haulted. I transitioned into shock and numbness and it took many moons to heal.

Fast forward to New Year’s Eve 2011, the online presence I initially started for my father surprisingly started getting views from friends and co-workers. I began to get requests to build sites for friends who owned small businesses and those in the local entertainment community. From that point I created my first completed site “Taggleme (website for artists)”, releasing in January 2011. Developing the website name after my father, I embraced my thoughts of providing a forum for the world’s talent and community business without having to sift through extra additives. Since the inception of first entity, Taggleme, Sunshine Marie Network has grown into a hub following my nickname (Sunshine) and my Middle name (Marie) to include SMN Web Services, SMN Radio and new retail MARIEVINE.

Most importantly, the work that I do is not for me. When it is my time to graduate from this life I want to leave support and genuine love. The core of Sunshine Marie Network is in its philanthropic efforts. Our program “You Gotta Do This!” will provide free web development services to single parents in need via SMN Web Services by receipt of one page essay’s and “A Soul Left” is dedicated to individuals experiencing and fighting against homelessness.

SMN is still growing and I am very excited as my joy comes from being able to provide joy to others with their means of talent, expression, further business and support base, and doing more for others as things are so much bigger than ourselves. To learn more please visit Sunshine Marie Network at: https://sunshinemarienetwork.com

Tammy Ms. Marie Johnson - Founder and CEO of Sunshine Marie Network
Tammy Ms. Marie Johnson – Founder and CEO of Sunshine Marie Network