Finance & Accounting
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Money & Business: How much, where, & why?
Businesses need money like people need water. Though over 80% of businesses start and grow without outside funding, just about everyone considers borrowing money at some point. As the adage goes, “You have to spend money to make money,” and if it’s someone else’s money that you’re spending, you wantRead More
Women & Money: 4 Habits for Mastering the Game
“I don’t need to make a lot of money – just enough to take care of my family.” “There’s no need to negotiate – I accept your offer.” “I don’t need to be greedy.” These are common things women say about money and, from the perspective of running a business,Read More
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
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