Financial Planning and Analysis
Financial Foundations That Make the Rest of the Year Easier
Every January, I see the same thing happen with business owners. There’s excitement about a fresh start—but there’s also pressure. Pressure to finally feel organized, to “get it right this year,” and to stop feeling behind when it comes to finances. What I’ve learned over the years is this: strong financial years don’t start with…
Read MoreThe Biggest Financial Mistakes Businesses Make in December (and How to Avoid Them)
December is one of those months that feels like a sprint and a deep breath all at once. You’re wrapping up projects, preparing for the holidays, managing client expectations, and trying to close out the year on a high note. With so many moving parts, it’s understandable that your financial housekeeping can slip through the…
Read MoreThe Importance of Budgeting and Forecasting for Business Growth
Let’s face it—numbers aren’t always the fun part of running a business. Most entrepreneurs would rather focus on serving clients, building a team, or developing new ideas than digging into spreadsheets. But here’s the truth: if you’re not budgeting and forecasting, you’re essentially flying blind. A well-thought-out budget and a realistic forecast aren’t just financial…
Read MoreInvestment in Your Business: What You Need to Know Before Making Big Moves
Making a big investment in your business is exciting. Maybe you’re ready to hire your first employee, upgrade your software, or even open a second location. These are the kinds of moves that make you feel like your business is leveling up. But here’s the thing: not all investments are created equal. Some can take…
Read MoreWhy You Should Keep Your Personal and Business Finances Separate
If you’re running a business, big or small, one of the most important financial habits you can develop is keeping your personal and business finances separate. It might seem easier to mix them—especially if you’re just starting out—but trust me, untangling the mess later is a headache you don’t want. Here’s why separating your finances…
Read MoreHow to Build Good Business Credit
When it comes to the importance of building good business credit, it can be helpful to think of that family member who is always asking for money. There’s at least one in every family. The problem is the one who’s always asking to “borrow” money, is the one who is least likely to be able…
Read MoreWhat Are Business Investments? Are They a Good Idea?
If you’re wary of investing in your business, it might be because, when you think of spending money you’re not sure will pay off, you think of someone like Jean Ralphio and Tom Haverford in the show “Parks and Rec” spending money on ridiculous things (like a limousine with a hot tub) because they’re all…
Read MoreAccounting Is the Language of Business
Have you ever walked into a doctor’s office and felt like you entered a different world? Not only are there instruments and appliances you never see anywhere else, but the people in there seem to use a different language, especially when they talk to each other. Your doctor could be talking to you in English…
Read MoreIs There Such a Thing as Good Debt in Business?
One of the first things we learn about managing money is the importance of budgeting and making sure we’re not spending more than we have. Tied into that lesson is the idea of “debt” as a kind of bad word. We tend to think of it as something to be avoided at all costs. But…
Read MoreHow Long Could Your Business Survive on Cash Reserves?
Most kids have a glass or ceramic piggy bank in which to save up their coins. To a kid, a piggy bank full of coins seems like a lot of money, but in reality, most of them only hold a few dollars. While that might seem like a lot to a kid at the time,…
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