Your printer has run out of paper. Do you immediately order another ream because you can afford one? Or do you review your operations expenses and plan to purchase? Urgent needs that appear affordable to the company often lead to…
Something is not right with your business finances! Have you ever looked at your business finances and felt something was off track? You may be a victim of business financial fraud. Studies reveal that the average business may lose up…
‘Costs do not exist to be calculated. Costs exist to be reduced’ – Taiichi Ohno. This quote is highly relatable to any small business owner. Cutting costs is key to increasing expenses. In today’s global economy, this approach may not…
What is your role as a small business owner? At the start of your business, you most likely would wear multiple hats. You are Head of Sales, Head of Finance, Head of Marketing, Head of Human Resources, and many other…
Are you using MS Excel to track and manage your finances? You probably begun the management of your business finances using MS Excel spreadsheets to determine income, expenses, and profits. As your business grows, it becomes necessary to probe the…
Can you account for every dollar and cent in your business? Astute business owners typically answer yes to this question – and they mean it too. On the other hand, have you planned how you will spend every dollar and…
The first quarter of the year is over, and I hope you are well settled into 2022. Now is the time to refocus on your big goals. The books I am recommending for you this quarter are bound to inspire…
Positivity and taxes are two words you do not expect to find in the same sentence. Well, taxes can be positive for your small business. Your small business is more than an avenue for you to grow professionally and increase…
Did you know that you should pay yourself first as a small business owner? For many small business owners, answering yes to the above question seems counterintuitive. You are busy investing in your business with both time and money. How…
“Failing to plan is planning to fail.” ~ Benjamin Franklin Any small business owner understands the importance of financial projections to guide their business strategy. How can you get started with creating your financial projections? You can choose to use…
