In any small business, it's important to keep careful record of any activity that involves business resources, whether its worker time schedules or individual projects being managed by the company.

Q. As a conclusion to each project, we evaluate our project time and cost estimates for accuracy. Obviously, underestimating is a problem, but over-estimating is also a problem that leads to ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. A Microsoft Excel spreadsheet is one ...