It’s not always easy to keep your personal finances separate from your side hustle or small business. But separate you must, otherwise, you’ll have no way of knowing if your business is profitable. There’s also the potential to make mistakes. Fortunately, there are several ways to keep your personal finances separate from your business. Most
Most startups and small businesses are looking for ways to manage their finances more effectively. Success in the early stages takes both operating capital and controlling costs to allow profitability. This can seem like a delicate juggling act, but there are some financial strategies that small business owners can use to support growth. Think Lean
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.