7 Money-Saving Tips for Small Business

Money is one of the main ingredients in the recipe for success (or failure) of a small business. A necessary step in creating a budget you can stick to is finding the best ways to save money. You'll be surprised to learn how simple some of these tips are to implement.

Avoid These Top 5 Financial Problems in Your Small Business

Managing a small business isn’t easy, and the single largest contributor to business failure is financial mismanagement. Making smart financial decisions and being consistent...

A Small Business Workout: Get in Shape to Sell

It’s always a good idea to keep a regular check on the health of your business, but it’s vital if you are thinking of...

5 Creative Ways to Save Money in Your Business

As a responsible business owner, there's a good chance that you’re always searching for new ideas to help you cut costs while increasing your...

Why Is It So Important to Prepare Financial Statements?

If you are wondering whether or not you really need to prepare financial statements when you already know your business is profitable, the answer is definitely yes. You may be convinced that your business is doing fine, but you will need proof for investors, creditors, shareholders, government agencies—and you will also...

Money Tips: 10 Best Personal Finance Books of All Time

Money management is one of the most important skills a young person can develop. Unfortunately, many people lack even the most basic money management skills for one reason or another. The below books are a list that every 20-something should read.

3 Ways to Improve Your Budgeting and Forecasting

Budgeting and forecasting are two of the most important financial exercises performed by businesses, regardless of their size. Unfortunately, they are also two exercises...

3 Ways to Reduce Cost of Goods Sold

The cost of the materials used to make the product or service you sell directly impacts your profit. This is easy to see, because...

5 Cash Management Tricks Every Small Business Owner Should Master

I'm going to let you in on a secret: When I first started my business, I wasn't very good at managing money. Filling in my knowledge gaps was crucial to my company's success.

Gross Margin Doesn’t Tell the Whole Story

Your financial report says that you've achieved a 35% gross margin on your latest project/job. Should you be happy? Maybe. Gross margin doesn't tell the whole story.

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