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 »
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 »
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 »
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 »
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 »
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 »
Many successful businesses began as a hobby and grew to be a business. But some businesses also become hobbies. Why? Because their owners stop treating them like businesses. Are you enjoying a hobby or running a business? How a Hobby Becomes a Business First, let’s take a look at how a hobby becomes a business.… Read More »
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