As if we weren’t already scrambling to get our paperwork ready in time for tax season, the government has moved up an important deadline that you need to know about as a small business owner. If you have payroll employees or contractors, you are required by law to file either a W-2 form (for full-time […]
5 Steps to Take When Your Small Business is in Tax Trouble
Guest Post Every week, there’s another celebrity, athlete, business owner, or even next door neighbor in tax trouble. Millions of American taxpayers are dealing with tax debt hanging over their heads and concerned about how it will affect their future. Many people get in tax trouble for a number of reasons. They lose the paperwork, […]
Discovering The Path to Profitability in Your Small Business
Every entrepreneur needs to focus on growing profits for their small business. Just because you can pencil profit into the financial projections doesn’t mean it will automatically come to fruition. As an entrepreneur you have to commit fully to “minding your own business” to generate the profits that you seek. Here are several strategies I […]
How to Better Manage Your Money in Your Small Business
When it comes to running a small business, it’s all about how you manage the money. Even profitable companies can be doomed by poor cash flow, and it’s not a rare phenomenon. Struggling to collect payments from clients, and having invoices that linger for more than 90 days are shockingly common problems for small business […]
How to Save Money to Start Your Dream Business
If you follow this blog, you know that I preach that you must start saving aggressively while you are planning to start a business. I am always thrilled to hear about ideas people have for a business, but the bottom-line is people who have savings/assets have options for starting a business. No savings = No […]
How to Save Time and Money In Your Small Business
Time is the most valuable thing you can give anyone especially for entrepreneurs. Last week, I spoke with Sage CEO Stephen Kelly, about how to help entrepreneurs save time and money, because time is money in business, Right? Here’s a link to our Youtube chat. New research commissioned by Sage shows that entrepreneurs worldwide put […]
How to Write a Business Plan Part III
You have developed your business model and your marketing plan. Now, in Part III of my four-part series on how to write a business plan, it’s time to develop your operations plan, budget and sales projections. This is where you go from dreamer to business owner, folks! If your business is not designed to make money, […]
Tax Planning 101 for Small Business Owners
I’m willing to bet that thinking about your business taxes ranks somewhere between going to the dentist and cleaning under your fridge. And yet, we can’t escape them. But burying your head in the sand will only cost you money. Instead, be proactive in your planning so that you’re more efficient, pay your taxes on […]
Tick Tock: Time to Develop Your 2016 Small Business Budget
We’ve only got about 10 more weeks of 2015, and that will fly by, I guarantee. You’ve got a lot to do to set up your business to succeed in the New Year, so take some of the pressure off by starting early. Your budget is one of the big to-dos to tackle for 2016. […]
7 Ways to Manage Cash Flow
There are so many unique aspects to owning a business. While we can discuss all the ways in which you can gain and retain clients, it’s all for naught if you don’t know how to manage your cash flow in your small business. It’s important to understand the systems you should have in place in […]
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