There are thousands of great entrepreneur success stories that inspire and challenge us to be better versions of ourselves. Perhaps the most surprising thing about successful entrepreneurs is that their success sometimes comes from the most unlikely places. We hand-selected these entrepreneur success tricks they used to become successful long time ago, and still useful nowadays.

First of all, this is a brief list of the basic tricks that will help you to continue on the road of being an entrepreneur, and when this tricks are applied in your small business is what makes you a successful entrepreneur:

Love what you do: Choose something that is in line with your own personal interest and passion, then it never seems like work. If you don’t love what you do, it’s hard to be successful, this helps you stay positive after all, you need to maintain your optimism. And don’t be afraid to fail

Have Mentors, Coaches or Masterminds around: You can’t know and do everything. You must rely on others.  Surround yourself with great mentors. They will help you to improve the development and growth through advising from their mistakes and successes.

Come up with innovative ways to solve problems: New ideas and projects that will help others are great ways. Necessity really is the mother of invention. Coming up with out-of-the box innovations will improve your business in different ways, so keep your creativity up.

Plan, Set Goals and Celebrate: Organize your plan of attack. Set realistic benchmarks and meet your own deadlines. Challenges are unavoidable. When you hit a road bump, try it again different, so you can continue moving forward. Detach yourself from all the little distractions. Celebrate when there is something worth celebrating to keep your eyes on the prize.

Here are tricks you can do right away at your small business with minimal costs:

• Creating a working group: These working groups are also a great resource for your first-time customers. You can create a place to share tips on how they can use your service. Use an online forum, so your customers can help each other out.

• Giving away cool gifts for your best customers:  Clothing, bags, stickers, pens, cookbooks and calendars are good ideas.

• Showcase exemplary customers: A simple gesture like a customer of the month recognition nurtures customer loyalty. It is all about promoting your customers.

Here are tricks you should consider as you scale your business:

• Outsource the payroll: Choosing to outsource the payroll ,we can avoid investing in training and payroll software. These are reasons why choose an outsourced service like payroll in Chile, is a right choice.

• Outsource your design: A good way to project the impression of a large team is a great design. There are so many great places to find high quality designers at affordable rates.

Many businesses spend at least four hours every month on payroll. Over the course of a year, means a full work week.

With professional companies like, payroll in Chile, you can run payroll in minutes, not hours. We want to share some basics that will help you to master accounting.

As a small business owner, accounting can be a complicated. You are busy selling to customers and it is tempting to worry about how to account for it later. Without proper accounting practices, you may be exposing your company to working capital shortfalls or tax penalties. Take some time and learn to master this four basics for small business accounting.

 Set-up your cloud based accounting

The days of doing your accounting on old software is over. There are numerous cloud-based accounting solutions that you should consider. By moving to the cloud, you can connect your accounting provider to other cloud-based applications, from time-tracking, expense management, and of course, payroll. Since many third-party accounting firms also use the latest software, it is important to pick a software solution that scales as you grow.

Decide on your accounting method

There are two popular accounting methods: Accrual accounting and cash. Depending on the method you choose, you can have a meaningful impact on visibility into your business operations.

• Accrual Accounting: This type of accounting recognizes revenue and expenses when they are earned, regardless of when cash is paid in or out.

• Cash Accounting: Recognizes revenue when cash is received and expenses when cash is paid out. With this method, there is no accounts receivable or payable.

Which one is the best choice? While most small businesses start with cash accounting, as companies grow, they adopt accrual accounting because it monitors a company’s long-term financial health. It also follows accounting’s matching principle.

Invoicing online

As your business grows, it is important to make sure you are getting paid. The traditional way of invoicing is to send invoices to your customers by the end of your billing period, typically through a simple mail. As you can imagine, a lot can go wrong in these situations. Your invoice can get lost in the mail and it is time-consuming  to follow-up if the customer is late to pay.

To stay on top of your invoices, start invoicing online with a cloud-based accounting provider and collect your payments online as well. An online service can help you:

• Accept payments online
• Automate follow-ups
• Track the work throughout the engagement
• Create an online paper trail for clients and regulators

Track your expenses online

Just as getting cash more quickly into your business it is vital, to track your expenses closely. One particular area where small businesses get tripped up is collecting, recording, and managing receipts.

In the other hand, this is a common mistake made by novice and seasoned entrepreneurs alike. Receipts can become faded and unclear, or lost. The impact on your business can be very meaningful, particularly around tax time. Without proper expense management, you may miss expenses on your tax return, which means less deduction. You may also end up triggering an audit.

Poor expense management means you have poor insight into your company’s spending. Rather than wait until tax day to organize your expenses, you should consider tracking them as close to real-time as possible to manage your company’s operations daily.

Most cloud-based accounting providers have an export and import function for expenses that tie into your credit card and bank accounts. There are also providers, like accounting in chile that help you manage expenses and track reimbursements.

Payroll Fraud is real. According to some Associations of Fraud Examiners, it’s the number one source of accounting fraud and employee theft.

There are three common types of payroll fraud:

Timecard falsification: can be easily caught through the reconciliation and employee review process.

Ghost employees: They are employees that do not exist. It can be paying themselves a duplicate paycheck through a false name, and having the money deposited in their checking accounts.

Misclassification and workplace: Self-inflicted by the employer through worker fraud. It’s the illegal practice of designating an employee as a non existing worker or an independent contractor. Some business owners do this to avoid paying payroll taxes, unemployment tax or workers’ compensation insurance and are therefore able to submit lower bids for projects, undercutting responsible companies. In the other hand, many other business owners may be misclassifying workers without even knowing it, such as if they designate tasks or set time with the contracted employee in all cases, it is simply not worth it.

Payroll fraud needs your attention; the key is catching it and minimizing the risk. Anyone can steal at any time.  The best way in doing so is to reconcile your payroll at least quarterly with someone other than the person who runs your payroll. The reality is payroll fraud is not preventable, but is catchable. Yes, it is that simple.

There is much that goes into choosing a payroll company. While you may not realize the importance right now, this is a decision that will greatly affect your company’s financial future. With many options, you should be able to locate a service that is perfect for your company.

These advices can help you make an informed, confident decision:

• Make sure the service is experienced in handling the most important areas. This includes: paying your payroll taxes on time; paying your employees on time; and filing your payroll tax forms by the deadline.

• Know what you don’t need and know what you need. Payroll companies offer a huge variety of services. It is important to pay for what you need and to avoid signing up for something that does not pertain to your business.

• Monthly cost, based on the company you choose as well as the level of service you require and the number of employees you have. It is important to know exactly how much you will be paying, month after month, so that you can budget for this expense. Companies like payroll in chile, can adapt to your business with the services you only need.

With this information, you will find it easier to locate the right payroll company for your organization; avoid fraud,  save time and money for focus in your business.