The problem with using existing personal credit cards is that you will never establish business credit with them. On top of that, you load up your personal debt-to-income ratio with expenses of a business nature. Then, if you need a personal loan for a home, automobile, or other emergencies, you may not be able to get it. Another problem is that using personal credit in the … [Read more...] about How to Use Business Credit Cards to Build Business Credit
Financial Management
Financial management is a critical skill that home business entrepreneurs need to learn. Small business owners need to know the concepts of financial management included in the simple, everyday bookkeeping tasks.
Manage the financial side of your home business by understanding financial analysis, strategies to maximize and increase revenues, and key financial content to help you understand where your business stands.
Record-Keeping: Essential Strategies for Maintaining Business Records
Running a successful business entails keeping accurate and timely financial information. A clear financial picture lets you monitor your business's success or failure. A good record-keeping system also provides the information you need to evaluate the financial consequences of your decisions. As a small business owner, you probably rely on an outside accountant to do your … [Read more...] about Record-Keeping: Essential Strategies for Maintaining Business Records
How to Deal with Business Debt
Even if you’ve heavily invested in planning and researching for your business, sometimes things will go wrong, or you’ll find yourself in a situation you didn’t anticipate. Unexpected bills, a shortfall in customers, or changes to the market can land your business in debt. So, if things don’t go to plan and your business ends up in such a scenario, how can you deal with … [Read more...] about How to Deal with Business Debt
Effective Approaches to Negotiating Business Debt Settlements
Debt settlements are often unavoidable when navigating the delicate waters of B2B commercial debt collection. Occasionally, an account will be challenging to collect and will require litigation, but that is where the customer relationship takes a huge hit. But if there is one thing that Cedar Financial excels at, it is preserving your customer LTV (Lifetime Value). … [Read more...] about Effective Approaches to Negotiating Business Debt Settlements
Navigating the Complexities of Wills and Estate Planning: Why You Need the Expertise of Estate Lawyers
Navigating the intricacies and nuances of wills and estate planning can be overwhelming, requiring a deep understanding of legal complexities and meticulous attention to detail. As individuals strive to secure their assets for future generations, it becomes increasingly evident that seeking the expertise of experienced estate lawyers is not merely advantageous but rather … [Read more...] about Navigating the Complexities of Wills and Estate Planning: Why You Need the Expertise of Estate Lawyers