As a small business, you need to have a full and complete understanding of both your income and expenses. That’s why tracking both is pivotal. It helps you stay organized, keeps you prepared for tax season, and builds on your success with a clear and methodical approach to handling your finances. In general, it helps…
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It’s the number-one question on the minds of small business owners: how can I improve my cash flow, and how can I do it quickly? There’s no two ways around it, your cash flow is imperative to the success of your business. Understood more broadly, it’s the money coming in and out of your business…
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Let’s talk about managing money for small businesses. This might be one of the biggest challenges that any small business owner can face. You have a great product or service, but you need to know how to sell it, how to grow it, and how to manage your finances along the way. In this article,…
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The key to success in business starts with your finances. So, how do small businesses keep track of their money? In this article, we will dive into the methods, practices, and some common tips that you can use to effectively monitor your money. After reading, you will have learned: How different businesses manage their money.The…
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Many business owners wonder if a FICO score applies to them. Let’s get started with the basics - what is a FICO score? Essentially, it’s a score which determines your credit risk and candidacy in the eyes of various lenders. Today, we’ll dive into the world of FICO scores, how they are determined, and the…
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Credit cards can play a vital role in building a sustainable business. In fact, one of the most important lessons a business owner can learn is how to manage business credit cards effectively. It’s not simply about having them, though. It’s about using them, paying them off, and taking advantage of the opportunities they provide…
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