Most of us have some expenses that are hurting us more than they’re helping us. The truth is, even the shrewdest business owners have some dead weight in their budgets. But the problem is, most of us pay the bills we have without really examining them. We keep...
A new year is here – a natural time to reflect on the year that’s ended and consider what you want to do differently for the next 365 days. In thinking about my own goals for 2022, I’ve been challenged by James Clear’s bestselling book “Atomic Habits.” Clear makes a...
As a small business owner, you can choose how to structure your business for tax purposes. The most common options are: LLCS-CorporationLLC filing as an S-Corporation for tax purposes A common misconception I see among business owners is picking a business...
Keeping up with your company’s finances has become overwhelming. Since no one on your small team is tasked officially with it, it falls on your shoulders. (Like so many other things when you’re a small business owner!) That means accounts are reconciled way too late,...
“Going into business without a business plan is like going on a mountain trek without a map or GPS support – you’ll eventually get lost and starve!” – Kevin J. Donaldson Financial planning is crucial for a business owner. You work too hard to be spinning on a...
Losing money can result in a slow, painful death for businesses. However, losses are the default mode of operation unless you’re intentional about your finances. Remember the idea that things left to themselves tend to degenerate? Your business is not immune to this...
