Posts Tagged ‘Financial Management’
Growth Requires a Different Kind of Capital
Growing companies usually require more working capital during their periods of rapid growth. In past insights we have calculated the amount of additional capital needed for a business as it grows, and the additional capital required is often surprisingly large.
Read More Retirement Plans for the Small Business Owner: The SEP Plan
Simplified Employee Pension (SEP) plans can provide a significant source of income at retirement by allowing employers to set aside money in retirement accounts for themselves and their employees. A SEP does not have the start-up and operating costs of a conventional retirement plan and allows for a contribution of up to 25 percent of each employee’s pay.
Read More Readers Ask: Overhead vs. Cash?
The bottom of your P&L shows profit—not cash. Remember that profits are not cash. Only the interest payment for loans is covered in overhead. There are also some non-cash expenses such as depreciation in overhead.
Read More Why Knowing Your Overhead Cost per Hour is Important
If your overhead is too high because of spending too much on extras and fancy offices, that can easily be resolved. However, if you’ve cut your overhead to the bone, then you must look other places.
Read More 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.
Read More You Have to Understand Your Financials
Every business owner must understand and maintain their financial statements. By being unable to do so, many entrepreneurs get themselves into some major issues on so many fronts.
Read More The Best Practices for Modern Accounting
Accounting for a business is more complicated than just subtracting your expenses from your revenue. There are so many things to consider and monitor, which makes it a necessity for business owners to take advantage of all of the modern best practices for accounting.
Read More Looking to Raise Money? Tips for Financing Your Business
For many young entrepreneurs with start-up businesses, one of the most difficult obstacles they encounter is raising money. Coming up with capital for your business may be relatively easy…
Read More What to Do If You Default on a Business Loan
Defaulting on an existing loan can significantly damage your FICO score and increase interest rates as well. When it comes to a business loan, defaulting doesn’t always mean the end of the business.
Read More Don’t Lose Profits: Pay Close Attention to Your Financial Documents
No business is designed to take losses. You would be hard pressed to find a small business owner that is setting out to lose money, and to not end up a successful business. Paying attention to profits can go a long way in helping a business, even if a profit does not seem likely all the time. Below are a few points to keep in mind when managing financial documents.
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