When they first enter the world of business, a lot of people dream about being one of those wall-street tycoons, sitting in their million-dollar penthouse making calls based on their gut-feeling that never goes wrong. Then the reality hits and they realize that before they get to this point, they must first handle a myriad of
Budgeting isn’t a sexy topic, but sticking to your small business budget is pretty important subject for small businesses. Especially when most are forced to work within the confines of some pretty tight numbers. Here’s Why Your Business Need a Budget Like it or not, setting a budget is one of the most important things
If you’re a business owner that accept online payments, then making sure that they’re protected needs to be a top priority. This makes your customers or clients feel safe when they pay you for your goods or services. Protecting online payments will also save your business a lot of time, frustration, and money. In fact,
I identify as a money nerd, but that’s not the reason I have three budgets. I’m a small business owner, a freelancer, and a money nerd, so my finances dictate that I have three separate budgets. As a business owner, I separate my personal and business finances for legal and tax reasons. Having separate bank
One of the biggest pitfalls of most small business owners is the inability to properly manage their cash flow. Good news is you don’t need to be a finance whiz to keep your cash flow in order. That said, you do have to develop a strategy that fits into your schedule and your business model.
So you finally have that great business idea and you’re ready to get started, but you just need some money for start up costs; or you’ve been doing well as a business owner, but have hit a rough patch somewhere along the way, and need an emergency fund to get by. Being a business owner