Running a small business usually means doing many different things simultaneously. As a solo entrepreneur, you are probably dealing with everything from sales to marketing, but the majority of business owners consider financial tasks to be the most difficult. After all, this is exactly why only 50% of companies survive their fifth year in business. […]
6 Ways to Make Sense of Your Small Business Financial Statements Read More
You can’t put it off any longer. The time has arrived to prepare your 2020 budget that’s so necessary for important activities such as: Projecting cash flows Preparing for taxes Identifying borrowing needs Evaluating growth opportunities Assessing performance The stakes are high, because 50% of small businesses fail during their initial five years. You can
Are You Ready for Your 2020 Budget? Read More
Managing finances requires constant vigilance. Many aspiring entrepreneurs are almost solely devoted to making the products they love or developing the big ideas they have come up with. One of the biggest mistakes people make is thinking it’s all about the products and services they offer. With a mindset like that, an entrepreneur may feel
Secret Ingredients to Successfully Manage Your Business Finances Read More
Starting a business takes money, and that money typically comes from financing. But in order to get approved for a business loan, entrepreneurs need to meet certain lending criteria, including having decent credit. Lenders will not only look at your personal credit score but also your business credit, both of which play a role in
Business Credit Scores vs. Personal Credit Score Read More
The tax season is slowly kicking into gear. It’s a constant struggle to keep up with the legal changes, leaving many of us with missed opportunities, pondering just how much we could have gotten in tax refunds. In this article, we aim to help you with a few simple tips. Each of them offers a
7 Tips for Boosting Your Tax Refund Read More
If you run a small business, you’re probably always looking for ways to improve quality and boost the bottom line. The good news is that you can learn many valuable skills online, often for free, that will help you achieve your business goals. These skills can help you improve your marketing and cut expenses for
Learn Valuable Skills Online to Better Serve Your Business Read More
Every business needs adequate funding to survive and grow. Ideally, your operations provide enough cash flow to handle all your funding needs. But for many a small business, cash flow isn’t always enough to satisfy the need for working capital. That’s when it’s time to consider a business loan. Let’s look at a few scenarios
When a Loan Is the Right Move for Your Business Read More
Running your own business requires careful thought and planning. But even with all that, it’s hard to avoid feeling financially stressed from time to time. Handling the stress productively can help your business succeed. But avoiding it in the first place can also make your job far more enjoyable. Here are seven ways to sidestep
7 Ways to Avoid Financial Stress When Running a Business Read More
Even experienced business owners can benefit from improving the way they manage their finances. This is especially true if your expertise in your product or service doesn’t extend to managing business finance. It would be a shame not to realize the full potential of your company, so we’ve assembled six practical tips to help you
6 Practical Tips to Manage Your Small Business Finances Read More
Budgeting is to business as oxygen is to life: Without it, you die. The reason budgeting is vital to the health of a small business is that it is your GPS device for telling you where you are supposed to go and where you are actually heading. You use the budget to track business expenses,
4 Things Small Businesses Must Include in Their Budgets Read More