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Cash Flow is Still King
It’s been said, “Cash flow is king.” The truth is: cash flow is one of the most critical components of success for small or mid-sized businesses, and effectively managing cash flow is one of the biggest challenges faced by most business owners. In this post, we share three tips that will help businesses start managing their cash flow more efficiently.
Separating Personal and Business Expenses - A Must
The commingling of personal and business expenses is an all-too-common mistake many new businesses make. But this can create big headaches at tax time and may lead to a host of other problems ranging from tax audits, to disallowance of valid corporate expenses, to legal judgments. To maintain the viability of your business, even if you're just starting out, differentiating your personal and business expenses is a must. Here are five tips to help you get started.
4 Money Management Tips: Think Small, Save Big
Analyzing long-term trends, cash flow, and cost and earnings projections are key to effective money management for any business. But for businesses looking to move to profitability more quickly, the development and implementation of a few simple money management tips can have a positive impact on the bottom line. Think Small. Little expenses can add up over time and potentially slow business growth. It's important to review business spending regularly.
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