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 »
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 »
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 »
Have you ever wondered if there were things you should be doing on a quarterly basis that maybe you were missing? Here are 4 things you should be doing within the first few weeks of a new quarter to make sure your business and books won’t get behind and you are ready for whatever the… Read More »
Most small businesses start out on a budget and the small business owner tries to save money wherever they can, which means doing a lot of tasks themselves. This can seem like cost savings at the time but in truth it can cost the business a lot of money in the long run. Here are… Read More »
As business owners and freelancers, we pay a lot of different vendors for a lot of different things. Most of these payments wind up on our Profit & Loss / Income Statement as expenses. But there are a few that do not. And these are usually the ones I get asked about. “Why isn’t… 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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