Posts Tagged ‘Financial Management’
6 Reasons to Absolutely Avoid Mixing Your Personal and Business Finances
When you first start your business, it can feel like your company is an extension of yourself. It’s easy to let your personal and business finances mix together, especially if you’re not making a profit from your business (yet!). However, it’s critical to establish a clear line between your personal and business finances early on.…
Read More3 More Important Ways to Build a Strong Financial Foundation for Your New Business
Your first month of business can be the most stressful and harried time as a business owner — you likely have a to-do list a mile long, and are losing sleep at night with all the items running through your head that you need to check off. One of the most important areas to concentrate…
Read More3 Important Ways to Build a Strong Financial Foundation for Your New Business
So many Americans dream of starting their own business. Being your own boss, pursuing your passion and the freedom and independence that it brings is priceless. We’ve all had that moment where we’ve considered how we can make money doing what we love… and then reality sets in. You can’t just be passionate about your…
Read More4 Common Traits of a Successful Finance Director
What makes a successful finance director? Whether you’re appraising your own skill set or searching for the ideal candidate, understanding the traits which suit this role can help you grow professionally or find the perfect person for the job. But defining the characteristics which make a fantastic FD isn’t an exact science. You may think…
Read MoreWhat Most Frustrates Me About Startups!
One of the services my firm offers is assistance in Entity Selection for startups. This is usually when we talk about various options available for the incorporator and what type of entity would be the best fit for the start-up in terms of liability exposure, record-keeping, and tax filing. This meeting usually results in setting…
Read MoreHow Entrepreneurs Can Save Money Without Penny Pinching
Small businesses may be making great contributions to the U.S. economy, but their financial health is in critical condition. According to a 2016 JPMorgan Chase Institute study, most small businesses only have 27 days’ worth of money on hand to cover expenses if inflows stopped. Essentially, this means that many small businesses are operating on a…
Read More3 Ways Online Trading Can Be a Viable Source of Income
Apart from an expected surge of optimism in Scotland, business confidence in the UK has declined over the course of 2017’s first quarter. This is likely to be a long-term trend in the current climate, as entrepreneurs wait patiently for Brexit negotiations and strive to understand the type of deal that the UK will receive…
Read More3 Times Small Business Factoring is Right for Your Company
The success of many businesses depends upon how well they can manage working capital. Good working capital management ensures that small businesses can meet their routine operational expenses and manage debt. At the same time, businesses with a long account receivables cycle certainly find that managing working capital presents a challenge. Many companies turn to…
Read MoreTax Refund Coming Your Way? 10 Frivolous Ways to Spend the Money
It’s tempting to pay off car loans or credit card debt with a tax return windfall, but it’s more fun to dream of ways to spend it. The average refund from Uncle Sam is about $3,000, according to the IRS. Even if you take half of it and do something entertaining or for pure enjoyment,…
Read MoreSmall Businesses Rising: How to Get Through the First Years Financially
Starting a small business is a goal most people have at some point in their lives. Despite this, many people never start the businesses they have in mind because of the cost involved. Staying afloat as a new business owner will be difficult, but with the right preparations it is possible. Here are four tips…
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