When you are managing a small business, you have many very important responsibilities. There are many things you must do during the day, but these five things help your business remain operational throughout the year. You should create a plan that will help you manage all the items below. If you have listed these things on your calendar, you can keep abreast of the things that … [Read more...] about Important Responsibilities of Small Business Owners
Managing Business Finances
The Importance of Learning Financial Education in School
In past ages, actual money (cash) was utilized for most day by day purchases; today, the use of cash has dramatically diminished. Nowadays, the craze is all about online shopping. People are scarcely doing physical shopping. Online shopping has greatly facilitated the use of credit cards (plastic money). However, while this might be convenient, it also has a huge … [Read more...] about The Importance of Learning Financial Education in School
7 Golden Rules of Smart Financial Planning for Beginners in 2020
“If you fail to plan, you plan to fail.” With this quote in mind, I recently decided to start building a financial plan to secure my future. After a simple Google search, I came to a realization - so many people talked about various rules of financial planning, but no one talked about the importance of having a direction in our plan. Financial planning is a framework … [Read more...] about 7 Golden Rules of Smart Financial Planning for Beginners in 2020
Finding the Most Effective Financial Solutions for your Small Business
If you are a small business owner, you should be concerned about capital and how you are going to get access to money when you need it. You also need to ensure that there is accessibility to the ideal solutions for improving your finances and cash flow. The question now is what are the precise financial solutions that small business owners can use to grow and develop their … [Read more...] about Finding the Most Effective Financial Solutions for your Small Business
How Self-Employed Professionals Can Improve Their Business Skills
Starting a small business can be a fun and exciting experience. Unfortunately, many small business owners soon find out that they do not know much about sales, growing a company, or general business skills. Fortunately, there are five key ways that a self-employed professional can improve their business skills and become successful. Get a Mentor If you want to get better … [Read more...] about How Self-Employed Professionals Can Improve Their Business Skills
5 Money Management Mistakes that Small Business Owners Make
With the need for flexible working and an attractive work-life balance, the thought of starting your own business and ‘being your own boss’ continues to be the dream for many budding entrepreneurs. However, considering that 30% of businesses fail in the first year it can sometimes make potential business owners apprehensive about getting into their chosen sector. This is why … [Read more...] about 5 Money Management Mistakes that Small Business Owners Make
Practical Business Finance Solutions for Small Businesses
There comes a time where a business, be it big or small, requires immediate funding to boost it. If you are an owner of a small business or plan to start one, you will also need funding at some time. For a long time, traditional loans have been a means of solving the financial problems that businesses face. Unfortunately, some small businesses are not afforded the same … [Read more...] about Practical Business Finance Solutions for Small Businesses
How to Create and Manage Your Early Stage Startup Expenses
Establishing a robust financial structure is crucial for the success of any business, especially a new one. This becomes a formidable task when you are trying to set-up a new enterprise. Most entrepreneurs are faced with the early-stage complexities of financial planning, accounting, and bookkeeping. For more tips, visit moneyunder30. However, creating a budget and managing … [Read more...] about How to Create and Manage Your Early Stage Startup Expenses
Receiving Money From Abroad? Know the Associated Costs!
Photo by rawpixel.com on Unsplash International money transfers never feel like an easy, straightforward process. But if you’re on the receiving end of a transfer, it’s important to know the costs. While this is different from country to country, Australia does charge fees that are specific to people receiving money that’s been transferred from abroad. For example, in … [Read more...] about Receiving Money From Abroad? Know the Associated Costs!
Typical Money Mistakes of Inexperienced Businessmen
Photo by rawpixel.com on Unsplash As the saying goes, money to spare likes god care. So, in order to manage your finances, you will have to guard yourself against errors most people do with money. In that way, you’ll develop smart money habits of an experienced business owner. Common Money Mistakes These are the most common mistakes of business credit holders and ways … [Read more...] about Typical Money Mistakes of Inexperienced Businessmen
