Running a small business comes with its unique challenges and opportunities. One crucial aspect that can determine the success or failure of your business is effective money management. By implementing essential financial strategies, small business owners can not only stay afloat but also thrive in a competitive market. In this article, we will explore key Read More
There are many deadlines in life, but none are as frightening or consequential as April 30th. The April 30th tax filing deadline is the bane of taxpayers everywhere. Missing it can cause you both penalties and angst. Hopefully, you will never miss the tax filing deadline, but if you do, here are the steps that Read More
For some entrepreneurs, the end goal is to sell the business. Some merely want to achieve financial security, while others will use the cash as capital for another venture. Whatever your reason, you will need to be careful. You need to make sure that your business has no deal breakers that can prevent would-be buyers Read More
You have spent a lifetime building your business. You have spent an equal amount of time building a healthy and happy family. Now you are thinking about retirement. The big question is whether it is time to turn over the reins to your kids.
When the business you started is in the family, it can seem Read More
Many business articles in recent months have focused on “Quiet Quitting.” This article will review what “Quiet Quitting” is, and how it is impacting your business.
“Quiet Quitting”: A Definition
Although it seems like the phrase “Quiet Quitting” came out of nowhere to become the most-discussed business topic of recent months, it has actually been around for Read More
Key Advantages You May Have Overlooked
Micro-Sized businesses have become more commonplace in recent years, driven in part by the move toward gig work and changes in the economy overall. Many owners of these businesses do not think they are big enough, or important enough, to need a separate bank account. That perception is mistaken. No Read More
If you are in a business that sells products or services, a time will come when you’ll need to increase prices. The price of materials goes up, overhead costs rise and labour costs are always a battle to control. At some point, you will need a price increase to stay profitable. This can be tricky Read More
A recession can be a scary time for small businesses. Sales go down, customers disappear, and people get nervous. It can be difficult to keep your head above water. However, with a little preparation, you can survive the recession and come out stronger.
What Is a Recession?
It’s important to understand what a recession is. A recession Read More
No big business can afford to be without a qualified chief financial officer or CFO. This role is one of the most important in the company. The expertise, advice, and guidance that these individuals provide are vital to the success of the business.
Big businesses can afford to hire full-time financial experts. Owners of smaller firms Read More
5 Warning Signs of a Bad Financial Relationship
You rely on your bank to protect your money and keep it safe. You use your accounts to pay your bills and accept your direct deposits. Yet, the relationship with the bank needs to be much more.
Here are five signs that it’s time to break up with your Read More
