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With little to no background in finance, it’s easy to make assumptions. Many new business owners think that a business can manage its numbers (and grow) with the help of just one hired professional and a desk drawer full of...
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Handing your hard earned money to Uncle Sam come March or April may not be the ideal, but it’s unavoidable. For small business owners especially, it’s tough to fork up the cash when there are so many other things you’d...
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It’s inevitable that as your business grows, your staff grows with it. The first employee is always the hardest decision you have to make. The level of responsibility given and who you hire will directly impact your fledgling business. And...
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For business owners who fail to plan and prepare for tax season, filing is never something they’d likely describe as “easy.” Between the numbers, paperwork, and your CPA’s time, there’s a lot to wrangle. And it’s not uncommon for both...
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There’s a tipping point for every entrepreneur; the point when enough is enough. At first, the long hours, networking, sending invoices, launching new products and services — it’s all a thrill. You’re building something from the ground up and every...
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According to Jessie Hagen of US Bank, poor cash flow management is one of the leading causes of failure for most businesses — 82% of them to be exact. As an entrepreneur and small business owner, this is a fundamental...
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All businesses (big and small) can be divided into 11 areas of internal management. They break down across the following departments: facilities, financial, people management (HR), marketing, social impact, relationship management, sales, service delivery, strategy, tech & communications, and risk...
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Owning a business, being an entrepreneur — it’s hard work, to say the least. It’s long hours spent sending proposals, learning from rejected proposals, nudging (and pushing) clients for payment, and losing revenue as quickly as it’s gained. So, why...
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Starting and running your own business as a solopreneur is ironically all about support. You may be the one in the driver seat of your vision, but you’re definitely not alone in bringing it to life. Consider your friends, family,...
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Your books have been reconciled and payroll tax forms (W2s and 1099s) submitted. Raise your hand if you’re having fun yet! As the beginning of the year kicks off for small business owners, it’s time to look forward to finalizing...
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