Learn Tips and Tricks to
Take Control of Your Business Financials
(...and take back your life!)
It’s the beginning of another year, which means it’s time for another round of new year’s resolutions. If you own your own business, your list of new year’s resolutions probably includes making a certain amount of money in your business, but if you don’t want your financial goals to go the way of most new…
As small business owners and entrepreneurs, we tend to try to do everything ourselves. On the one hand, that can-do attitude helps build successful businesses out of nothing, but on the other hand, trying to do everything yourself is not only a recipe for burnout, but it’s also not always advisable to try to do…
Staying on top of your financials, in both your personal life and your professional life, is one of the most important things we can do to avoid (or at least minimize) debt and high-interest rates, and increase buying power. But staying on top of your financials can be easier said than done, especially as a…
How often do you really analyze your business’ finances? You probably check in once or twice a month to make sure you have enough in the bank to pay your bills for the next month, but do you really understand your cash flow? Can you give an account of your current financial standing, much less…
Creating and regularly updating a balance sheet for your business is important for understanding the financial state of your company, which is why it’s also sometimes referred to as a “statement of financial position”. It compares your company’s assets with its liabilities and shareholder equity to determine the financial health of your company. You probably…