Moneying

Small Business Ideas and Help with Money

Moneying articles focus on all aspects related to business finance, including budgeting, bookkeeping, pricing strategy, insurance, and more. Since you presumably went into business to make money, knowing how to manage it effectively will help keep you in business and move you toward the profitability you seek.

5 Money Management Tips for Your New Small Business

There is nothing more exciting than making that first sale or obtaining that first client for your new small business. After all your hard work, your “baby” is off and running. To keep that momentum going, however, you need to put some clear money management practices into action. Here are five tips to get you started. Keep Accurate Records Get into the habit early and you … [Read more...]

Going with the Flow: How to Manage an Irregular Income

One of the most stressful parts of being a small business owner can be managing an inconsistent income. Whether it is the weather, the economy, the changing of the seasons or just plain serendipity, your income can be “feast” one month and ”famine” the next. How do you cope with an irregular income? Here are some strategies to help you stay afloat in a choppy sea. Create a … [Read more...]

7 Steps for Creating a Budget for Your Small Business

Just as it is with your personal expenses, it is essential to have a budget in place for your small business. A good budget helps you estimate your income and expenses over a period of time – usually a calendar year with a small business –allowing you to make important decisions for your company. If you are not someone who is good with numbers, you may be daunted by the … [Read more...]

Going on a Business Shopping Spree with Your Personal Tax Return

According to USA Today, the average 2014 tax refund will be more than $3,000. It’s tempting to use that money to take your family on a nice vacation, splurge on those designer duds you’ve been eyeing, or on some other guilty pleasure. But what if you took that money and invested it into your business? Now, I’m not talking about simply transferring your refund money from your … [Read more...]

Your Bottom Line is Not Your Client’s Problem

The number one misconception service providers and freelancers need to shake For new business owners, pricing presents one of the earliest and greatest challenges.   For independently employed service providers, freelancers and consultants who do not sell a tangible product, the financial demands of running a business, coupled with the challenges of articulating and … [Read more...]

Maximizing Profits

Maximizing the profitability of your business starts with a well-developed, value based pricing strategy. This is done by creating, understanding and quantifying the value that your product brings to the market. While pricing is one of the four components of the marketing mix (product, promotion, place and price), it is often given the least attention yet has the most direct … [Read more...]

5 Easy Ways to “Green” Your Small Business

The phrase “going green” has gotten more than its 15-minutes of fame in our culture, but it really boils down to making decisions that help sustain natural resources and help protect the environment. What is great is that by making some of these decisions for your small business, you can save money too. Here are some simple and inexpensive ways you can “green” your … [Read more...]

Fiscal Year or Calendar Year? What is Right for Your Small Business?

Business name. Location. Equipment. Logo. Hiring choices. When you launch a small business, you are inundated with decisions and choices to make. One of them you may need to know more about is choosing the tax year for your business. The Internal Revenue Service requires you to operate your business according to a consistent accounting period. You must report your taxable … [Read more...]

Seven Accounting Solutions for Your Small Business

Benjamin Franklin once wrote, “In this world nothing can be said to be certain, except death and taxes.” And to that, many a small business owner can add accounting. As a small business owner, you naturally want to spend your time making your product or service the best it can be, not crunching numbers. The problem is that if you don’t spend some time balancing your expenses … [Read more...]

Do You Really Need an Accountant for your Small Business?

As a small business owner, it is natural to try to cut operating costs wherever you can. One of the ways you may be doing that is by managing your own finances. You may figure you can always get help at tax time and handle things yourself the rest of the time. Whether you are a sole proprietor or operate an employee-based LLC or corporation, however, a good accountant can … [Read more...]