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 …
Small Business Budget Articles and Interviews (tag)
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 …
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 …
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 …
Importance of Budget Planning: Avoiding Lost Opportunities from Cash Flow Shortfalls
There are many things to consider when managing a business; hiring, marketing, and actual delivery of the goods or services to your clients. At any stage of delivering value to your clients, things can go wrong. Miscommunication can lead to missed deadlines, poor internal controls can lead to …
Five Ways to Keep Money in Your Pocket as a Small Business Owner
The Ancient Roman playwright Plautus is credited with coining the phrase: “You must spend money to make money.” Certainly, as a small business owner, you know that to be true. Even with the leanest start-up, there are costs to running a business. The trick, of course, is to earn more money …
