When starting a business, you can expect to spend a lot of money. The worst part is that you have to spend all this capital before you ever earn your first dollar. Even once your business is running and you are taking in money, the chances are good that you will still pay out more than you earn, keeping your business in the red. You want to find a way to get into the black … [Read more...] about Managing Your Start-Up Finances
Managing Business Finances
How to Deal With Finances as a New Home Business Owner
Starting a new home business can be exciting, nerve-wracking, and energy-sapping all at the same time. On the one hand, you are on your way to financial independence doing something you love. On the other hand, there are things you have never had to deal with before and which you may know nothing about. This is especially true during the COVID-19 crisis. Many people now have … [Read more...] about How to Deal With Finances as a New Home Business Owner
How You Can Manage Your Money When You are Running a Business
If you are running your own business, you will find that you will have a lot of things to pay for and keep track of. Although you might make a lot from your business, you will also have a lot to buy including supplies, staff wages and more. Many people struggle with managing finances and often this leads to more serious problems with the overall success of the business. To … [Read more...] about How You Can Manage Your Money When You are Running a Business
Money-Saving Tips for the Seasonal Business Owner
Owning a business is one thing. Owning a business that operates seasonally is another. Managing the finances of a company that remains closed, inactive, or unpopulated for parts of the year can be like navigating a minefield. As a seasonal business owner, you have to make sure that your busy season is booming. It's the only way you can carry your expenses for the rest of the … [Read more...] about Money-Saving Tips for the Seasonal Business Owner
Important Responsibilities of Small Business Owners
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
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
