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!

4 situations when small business owners MUST look at their numbers

small business owner decisions

"Numbers get confusing. I'm never quite sure what I should be looking at. But my gut has never failed me." Most small business owners are most comfortable making decisions intuitively; when they look at a situation and they just know the answer. These gut decisions are really useful. They can be

How to measure business performance — use numbers and not your gut!

how to measure business performance

Numbers give me a headache. I don't want to stare at spreadsheets all day -- I get a good enough "gut" feel just from running my business. Why should I care about the "numbers"? Most business owners have a strong "gut feeling" or intuition about their business. It makes sense. They spend all day,

Reading a balance sheet: 3 things business owners need to look for

reading a balance sheet

A business' financial statements are the most basic indicator of your business' health. But they can be confusing and complicated and, truthfully, not many business owners look at them (and when they do they might not learn much). Yesterday I offered some tips on how to read an income statement.

How to read an income statement: What every business owner needs to know

how to read income statements

One of the most basic of indicators of the health of any business is its financial statements. I'm not saying they are the be-all-end-all. There are lots of other indicators we should look at in addition to the financial statements; but it's hard to argue that you are fully in control of your

5 things you are spending money on that are not (fully) tax deductible

office space tax deductions

My accountant says I made $300,000, but I don't see it in my bank account. Where did it go? Every year at tax time, business owners call me up and complain that their tax return says they made more money than they see in their bank account. Isn't it supposed to be the opposite? Aren't we supposed

My business is growing, but my bank account is shrinking! Here’s 4 reasons why.

growing a business

Growing a businesses means you'll consume a lot of cash. No one told you that, did they? When your business grows from sales of $350,000 to $800,000, your income isn't going to double. In fact, it may go down! It might be harder for you to stay profitable at $800,000 than you were at $350,000!

Pricing Strategies: How to figure out how much to charge clients

pricing strategies

It's so hard to pick a number when we're reworking our pricing strategies. We want to price our products or services at a number that seems attractive to our prospects. A number we know will give them good value when they work with us. At the same time, we need to make sure we are earning a

How to increase prices without losing clients

raise your prices

I have a conversation like this almost every week: "I'm so tired. I don't know how I can work any harder. I've been at this for 3 years and business is good; I have lots of new business. But I'm working all the time. I haven't had a vacation in 3 years, because I can't stop. I'll be so behind I'd

The Ultimate Small Business Pricing Kit:
How to Increase Your Prices Without Losing Clients

how to increase prices

If you want to stop working yourself to the bone, being busy all the time and not making great money, you need this small business pricing kit. This eBook and webinar combo will help you learn how much to charge for your services and how to increase your prices! This Small Business Pricing Kit

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 the field). This is why the

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

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,”