For small business owners, the importance of having good personal credit can’t be overstated. Although you and your business have separate credit scores, maintaining strong personal credit can be essential to the financial health and growth of your business,...

Staying within the limitations of your monthly business budget isn’t always easy, especially when unexpected expenses arise. However, as a small business owner, controlling expenses is critical to your company’s survival. Financial issues are often the result of a...

When you’re running a small business, you need working capital to cover operational expenses and purchase inventory. If customers fail to pay, this cash is tied up in your accounts receivable. That’s why make debt collection an integral part of your cash management...

As a small business owner, it is critical to ensure the financial accuracy of daily transactions and use that data to make decisions for the future. As your small business grows and you take on more customers, vendors, and employees, keeping track of how much money...

Managing cash flow is the key to success for any seasonal small business owner. Although manufacturing and sales may slow down or even cease in the off-season, the basic operating expenses remain. Insurance, taxes, rent, utilities, and salaries still have to be paid,...

Entrepreneurs often launch their companies as sole proprietorships and avoid incorporating because they think it is a difficult, time-consuming process or because they believe it’s unnecessary for a small business. Although you certainly are not required to...

Entrepreneurs and small business owners are often taken to task for wearing too many hats. However, the ability to perform multiple functions – and be an effective “Jack of all trades” – is a reality that most business owners deal with as they work to grow their...

The Summer Solstice takes place tomorrow making it the longest day of the year. For many small business owners, the official arrival of summer brings with it an inevitable slowdown in both customer demand and employee productivity. If your business is seasonal, it may...

It’s not unusual for small businesses to run into situations where they suddenly have too little cash on hand. This can happen no matter the health of your company or whether you are in manufacturing, transportation, distribution, or professional services....

As a small business owner, you understand the importance of being on top of day-to-day administrative tasks. But, between juggling customer demands and vendor issues and managing operations and staff, it can be tough to allocate the necessary time and attention....