Running a small business and keeping it afloat is challenging and stressful at the best of times. It’s exciting, but part of the excitement is that so many small businesses only barely stay afloat. Every small business owner knows that when your budget is so tight, and your margins don’t leave you much space for […]
Running a small business can be a labor of love. It takes a lot of hard work, but you do it because you’re committed. You have a dream you’re fighting to make a reality. It’s hard to succeed without that kind of drive, but passion alone isn’t enough. For your business to have a strong […]
Accounts receivable are an essential aspect of your business’s finances. Accounts receivable are legally enforceable claims for payment held by a company for goods supplied or services rendered that customers/clients have ordered, but haven’t yet been paid for. What is Accounts Receivable? Accounts receivable is goods, money, or services owed to a business. Accounts receivable […]
Work as a freelancer brings both extra opportunities and extra challenges. It’s appealing for many because you can be independent. You’re a small business owner with the freedom to decide what to do on your own. You don’t have to worry about any other shareholders or employees. For most freelancers being your own boss and […]
The third quarter of every financial year is like a reset button for businesses. This switchover is when you can look back at how your company has been performing, and decide if that’s what you want to happen for the second half of the year. One rule is always valid- every company in the world […]
An income statement can help your business and budget. It’s a helpful tool to monitor your spending and figure out how to allocate money. If you’ve never made an income statement before, don’t sweat it. We’re here to walk you through everything you need to know to get you started on the right track. What […]
The COVID-19 recession has arrived. These steps will show small businesses how to outlast the economic downturn and become strong examples of a recession-proof business model. If the Great Recession is anything to go by, this global pandemic spells real trouble for small businesses in America. Early reports indicate that COVID-19 stands to have an […]
One of the most critical parts of choosing your business is choosing a business entity. When you select a business entity, you’ll have to follow its requirements. However, there are tricks and things to know that can ease the process. What is a Business Entity? A business entity is an organization formed to operate a […]
A balance sheet is an essential tool for businesses of all sizes as it tracks how your business earns and spends money over a certain period. Your balance sheet also gives investors and potential investors insight into your company’s operations. Before you create your balance sheet, here are a few helpful things to know. What […]
At this point, you have your content strategy and at least a few pieces of high-quality content ready to publish. Now, you’re ready for the next stage of building your business blog: creating a website. At first glance, creating a blog website may seem confusing and overwhelming. There are tons of different hosting platforms, themes, […]