Finance & Accounting

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Earned Income: How much is just right?

As the saying goes, “money makes the world go around!” Fortunately, or unfortunately, there is a lot of truth behind this statement. We need money for basics such as food, shelter and clothing, and then, as we advance up Maslow’s Hierarchy, for additional comforts such as heath care, a niceRead More

4 Tips to Better Money Management

Smart money management is a responsibility that every business owner must deal with. At the same time, many of us have been socialized to view money management as elusive and stressful. The good news is that it does not have to be. With a bit of a paradigm shift andRead More

In Business, Cash on Hand is Vital to Success

Anyone in business knows that cash on hand is a vital to success. Yet, how much, when and in what form varies depending on a wide range of factors. Is your business seasonal? What do you need the cash for? Where does cash frequently get tied up? How can youRead More

Tips For Your Year-End Budget Deviation Analysis

Conducting an end-of-year Budget Deviation Analysis is a must for every small and self-employed business owner. In it, you compare how your business actually performed relative to how you had forecast it would perform. Going through this process, not just at the end of the fiscal year, but also eachRead More

7 Metrics to Check in Your Year-End Review

One of the best things about owning and running your own small business is that you get to go to a job you love and care about every day. While it can be easy to get caught up in the excitement, it’s not always fun and games. If you wantRead More

5 Reasons Your Business May Be Leaking Cash

Have you ever taken a look at your finances and been shocked by how little cash you have in the bank? This is not so uncommon, and for small business owners, it can be absolutely terrifying. You may not realize it, but there are a lot of areas in aRead More

Crowdfunding for Self-Employment: Yay or Nay?

In 2015, it was estimated that $34.4 billion was raised through crowdfunding. By 2025 that number is expected to grow to over $300 billion. Crowding funding sounds like a business’s dream come true – people give you money and expect little or nothing in return. As this industry continues toRead More

How Much Financing Do You Really Need?

One of the biggest challenges in starting your own business is securing the financing you need to cover start-up costs. However, before you can determine where that financing will come from, you need to identify how much financing your business really needs. So, how do you figure out what yourRead More

Business Health: It’s all about the numbers

How do you determine business health? This is among the most frequent questions our clients ask us. Our response: Well, how do you determine your own health? Just as with your own personal health, there are many factors that play into whether or not a business is healthy. Some ofRead More

Ask Dr. Deborah | What are my financing options?

Dear Dr. Deborah, I’m getting ready to open my own business selling desserts and pastries and I’m looking for some advice. I’ve talked with restaurants in my area and many of them are willing to carry my products. However, in order to start making such large batches I will needRead More