Finance

Finances can be overwhelming to business owners. Here's our collection of blog posts and small business tools & templates with our best finance tips & advice to help business owners just like you!

Why should small business owners care about sales tax?

diane yetter

As a small business owner, you have a big to do list. Pretty far down on that list (if it is even there) is making sure that you are meeting your sales and use tax obligations. The world of sales and use tax can be confusing (even for those of us who work exclusively in

5 fail-safe tips to improve your chances of getting a small business loan

how to get a small business loan

If you’re a small business owner in need of a small business loan to grow your business, you may want to understand a few key things that will improve your chances of getting a small business loan. Understanding these key components will increase your chances to obtain financing and simplify the process altogether. Here’s my

Study Shows Microloans Help Minority Business Owners Grow Their Business

microloans

Ever since the Great Recession began in 2007, more and more minority business owners are opting to start their own business. According to a recent study conducted by four college professors, “Business Credit for U.S. Subprime Borrowers: How Much Does it Matter for Entrepreneurial Success,” self-employment amongst minority business owners grew nearly 30% between 2000

KPIs: How’s your business performance?

key performance indicators

This month we’re focusing on key performance indicators at EnMast. Check out all our free resources below! If you’re trying to lose weight, you might weigh yourself every day or every week; but when you do, you find something out. The scale tells you if what you’re doing to lose weight is working or not.

Why RFP stands for Really Foolish Process

rfp

As Brad Farris has written before, responding to a Request For Proposal (RFP) is not only a time and money waster, but it’s not the way you want to get new clients anyway. In this article on EnMast’s sister site, anchoradvisors.com, Brad takes on the ridiculous practice of RFPs again, pointing out its many flaws

RFPs: Even when you win, you lose

rfpgraphic

I had a professor in college who would auction off $20 bills — for up to $180 sometimes! It was amazing! Here’s how it went: Anyone could bid on the $20 bill. The winning bidder would pay their bid and get the $20 bill, but the second-place bidder also had to pay their bid and get

What do you do when … your clients won’t pay your invoices?

pastdueclients

Having a client stiff you is one of the most difficult situations for a business owner. You have invested in salaries and expenses to do the work and now you aren’t getting paid. If there is some kind of problem with the work, that’s one thing. But if you delivered great work and you’re still

How to use your budget year-round

budget2013

Brad loves his budgets! He even wrote a book about them! In this guest post for Initiative for a Competitive Inner City, Brad explains part of his obsession with budgets. Turns out, many business owners don’t use their budgets the way they should — and that’s why they don’t love them too. The key is

What do you do when … you can’t meet payroll?

Last Pay stub

Your checking account is overdrawn and all of your credit accounts are at their limits! Uncle Sam came knocking at the door wanting his fair share, you had to buy some expensive software to do a big job for a client (which you won’t bill for another month), you’re still waiting for payments on two

Best of 2012: Ask Your Budget

Small business budget template

Happy Holidays! During the holiday week, we are reprising our most popular posts from 2012. Enjoy!  It was no surprise to us that Brad’s book Ask Your Budget: Amazing Questions a Small-Business Budget Can Answer ended up on the top five list for 2012. Brad is passionate about small-business budgets — ok, borderline obsessed,  but

Keeping organized with payroll automation

http://www.flickr.com/photos/13620454@N02/

The time and effort you put into your business’s financials is enormous, and for good reason. Finances are a hugely complex and integral part of your business and keeping them organized is paramount. As a small business owner, you must be careful to follow compliance regulations and be accurate, all while managing the rest of

What do I pay my employees?

Payslip

It’s budget time, and one of the biggest challenges in the budgeting process is trying to determine fair pay for your team members. What should we be paying our people? How much do we need to offer in raises to make sure we keep our best people? In this guest blog post on Midwest HR, Brad Farris