Filing for bankruptcy might seem like the end of the world, but it doesn’t have to be. Many small business owners manage to bounce back and rebuild their dream with a bit of help. However, that isn't to say that it will be easy (otherwise everyone would be doing it). The biggest challenge you will...
Bookkeeping is an essential business activity, typically undertaken by an employee in-house or outsourced to a professional bookkeeper or firm. However, with the rapid evolution of business technology, entrepreneurs and small business owners can streamline the most time-consuming parts of the bookkeeping process, fostering a more efficient workflow while cutting down on costs. Generally, a...
What if I told you that you could make thousands of dollars in just two weeks? It seems crazy, but it's completely plausible. It just takes a little guidance and some trust in your product to see a cash influx to take your business to the next level. I recently spoke with Amanda Goldman-Petri, the founder...
Sometimes, no matter how hard you work or how dedicated you are to your business, there are obstacles that seem like they are going to be impossible to overcome. One of those obstacles often rears its head in the form of financing. You’ve got great customers who you know will pay, but not right at...
Seasons change and with them so do the cash flows of many small businesses. The “small business” designation is not one-size-fits-all. If you’re the local mom & pop hardware store, your spring and summer peak season is very different than the boutique retailer down the block who thrives during the holiday. Ensuring your business has the...
We all have our periodic struggles with finance — from how to save money to how to set up a budget that really works. In this article, the team at Empire Tax uncovers three money secrets of successful people that are habit and lifestyle focused, rather than opportunity or education based. There are many...
With the holidays here and 2017 quickly approaching, many small businesses are forecasting their end-of-year financials and preparing for new challenges and opportunities ahead. According to Capital One’s latest Spark Business Barometer – a nationwide study of small businesses measuring financial conditions, economic perceptions, hiring plans, and other indicators of small business growth – business...
With tax season around the corner, small business owners are already stressing about their books. In fact, 40 percent of small business owners said dealing with bookkeeping and taxes are the worst parts of owning a company. This is where working with a forward-thinking accountant can help ease the pain. Even though there are many software...
One of the biggest killers of small business success is when an owner does NOT know their numbers. Financial literacy is essential if you want to grow a business. I recently interviewed Sabrina Parsons, CEO of Palo Alto Software. She shared with me the power of LivePlan, business plan software that helps keep your business on...
One of the best ways to increase cash flow is to not set aside any money for your tax payments. And one of the best ways to not have cash flow is to miss your tax deadlines and get slapped with back taxes and penalties. Taxes and cash flow collide for the same reason that short-term and long-term...
