HOW TO GROW YOUR BUSINESS SAVINGS

Wait, what? My business should have a savings account, too? In many cases, yes. Is it always necessary? No. I talk about only having a business checking account in my blog, “Is One Business Bank Account Enough?” However, there are many benefits to having a business savings account for things such as taxes, emergencies, and… Read More »

Simple Tips to Improve Cash Flow

Cash flow is the lifeblood of any business. But what exactly do we mean when we talk about cash flow? And why is it SO important to your business?   Cash flow refers to how money moves in and out of your business over a specific period of time, whether over one month, one quarter,… Read More »

Best Practices to Get Paid Faster as a Small Business Owner

Being a small business owner has many benefits. You can choose who you work with, how you work, when you work, and your income potential is so much better than if you were working as an employee for someone else. However, there are some drawbacks too. You may wind up working more hours than when… Read More »

6 Good Reasons to Use Bookkeeping Software Instead of Spreadsheets

To be clear, I don’t have anything against spreadsheets; I actually love spreadsheets! I use them quite regularly for a variety of things. If you’re a small business owner using a spreadsheet for your bookkeeping, you’re still doing much better than many small businesses that use only their bank account and statements. And for a… Read More »

7 Reasons to Hire a Virtual Bookkeeper for Your Business

As a business owner, your plate is full–overflowing even. You likely wear many hats, and one of those may be a bookkeeper/accounting hat. You’re probably capable of keeping track of accounts payable and receivables, but if you’re like most business owners, it’s not your favorite thing to do. There are probably many other things you’d… Read More »

4 Common Bookkeeping Mistakes and How to Avoid Them

You probably already know that losing money is far easier than earning it. Running a business — even a one-person shop — and making money is not for the faint of heart. It takes a lot of work; you have to love what you do to have a shot at being successful. And when we… Read More »

5 Steps to Be Ready for Tax Season

As we near the end of the year it is beneficial to start thinking about the upcoming tax season. I know it is more fun to think about and plan for the holidays. But if you take a little time and follow these 5 steps, you can make sure that tax season is less stressful,… Read More »

Grow Your Business without Working 24/7

I’ve talked to so many business owners who want to grow their business but aren’t sure how because they are already so BUSY!  They cannot even imagine how they would find the time to take on more, but they know that if they figure it out, they could potentially see massive growth.  Does this sound… Read More »

Is One Business Bank Account Enough?

The short answer is yes, it can be. I work with many solopreneurs who have only one business bank account and it works well for them. However, if you struggle to maintain an adequate balance in that account, or to pay yourself, your employees, or your taxes then opening another account or two may be… Read More »