If you’re like many entrepreneurs, you probably borrowed money, in one form or another, to start your business. According to the Kauffman Foundation, nearly 65 percent of entrepreneurs rely on personal and family savings for startup capital, and close to 10 percent carry balances on their personal credit cards. Now add student loans, mortgages, car […]
Financial Management
Daily Financials That Franchisees Need to Keep Their Eye On
Although there can be some complex aspects of financially managing your own business (we’re looking at you, tax season), the financial information franchise owners need to pay attention to every day is pretty simple. At the end of each day, you should know the money that came in, the money that went out, and how close your […]
How Do You Handle Your Cash Reserves?
Here comes some advice for all of us to use in business or in our personal lives. But to understand it, we need to delve into the short-and long-term sources and uses of cash. Good cash strategies to remember It is tempting to use available cash in good times to build the business and in […]
How to Spend Your Inheritance (Wisely)
No one wants to think about the level of inheritance that they will get one day. It’s a morbid conversation to have with relatives for some people, and yet it’s a conversation that must be had. Not only do you need to know what to expect in the future, but you also need to be […]
5 Tips to Help Entrepreneurs Minimize Financial Stress in the New Year
If you’re like many entrepreneurs, you probably borrowed money, in one form or another, to start your business. According to the Kauffman Foundation, nearly 65 percent of entrepreneurs rely on personal and family savings for startup capital, and close to 10 percent carry balances on their personal credit cards. Now add student loans, mortgages, car […]
4 Reasons Why a Financial Advisor Can Help Your Business
Financial advisors aren’t just for personal finance; they can also help your business be more successful. While many businesses manage to meet their goals without input from a financial advisor, seeking their advice can help you during special circumstances. They can even make your day-to-day operations more profitable. Here are four reasons why a financial […]
Should I Save or Invest My Money?
One of the most important parts of getting older is learning how to get better with money. The truth is, people of all ages struggle with money, whether it’s living paycheck to paycheck or not having a savings account. Saving money is not only an essential part of planning for retirement, but also for ensuring […]
3 Expert Tips to Prevent Your Business from Going into Administration
If you’re worried that your business might be on the brink of administration, or you’d like to prevent the unspeakable from ever happening, then you’re in the right place. Here at SmallBizClub, we’re passionate about supporting businesses like yours through the good times and the bad times! The insolvency process is something no business owner […]
3 Timesaving Tips to Help Keep Your Books in Order
As anyone who runs a small business can tell you, one of the most time-consuming parts of keeping things organized is bookkeeping. Just keeping track of everything can be an enormous task as your business begins to grow. And if you don’t keep careful track of every part of your business, you may find yourself […]
What Effect Does Bankruptcy Have on Your Bank Account and Other Assets?
One of the most terrible things to happen to anyone is bankruptcy. If you find yourself in such a situation and are wondering what will happen to your bank accounts, and retirement accounts, on filing for bankruptcy, this article will throw some light on it. Type of bankruptcy and its effect on financial accounts Basically, […]
