Posts

What You Need to Create Your First Business Budget

Whether you’re a brand-new startup or an established company, a business budget is critical to your success. Use these tips and tools to get yours in shape.

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How to Determine Your Salary as a Small Business Owner

As a small business owner, one of your biggest concerns may be how to pay yourself a salary. Here how to figure it out, in two easy steps.

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The Top 3 Affordable Cities for Millennial Entrepreneurs

Being savvy about where you live can help your business thrive. These affordable cities have low costs of living and many opportunities for entrepreneurs.

Cash Flow vs. Working Capital: What You Need to Know

Do you understand the difference between working capital and cash flow? Here's what each term means and how they affect your financial responsibility.

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How to Write Off 100% of Your Latte Every Single Time

If you have a business and you eat, you’re probably eligible for tax deductions. Here are four ways your meals — and your coffee — might be tax deductible.

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Understanding Prime Cost — The Simplest Way to Give Yourself a Raise

Prime cost is simply the addition of your two key controllable costs, labor and cost of goods. Ideally, you want to keep these costs around…

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Boost Your Cash Flow With These 9 Money-Saving Tips

It only takes a few small changes to make a big difference in your financial picture. Here are some simple ways to ramp up your cash flow.

Is Invoice Factoring a Good Way to Fund Your Business?

Invoice factoring allows business owners to get advance cash on their invoices before they’re paid. It’s great for cash flow, but be aware of the drawbacks.

The Difference Between Growth Capital and Working Capital

An understanding of how capital works — along with the differences between growth capital and working capital — is critical for a business to be successful.

How to Conduct a Financial Stress Test on Your Retail Apparel Business

Without a financial stress test, you may not know all of the risk factors that could keep your clothing shop from running at its best.