It seems like every week, a business owner asks me what financial goals they should set for their small business. For business owners, setting financial goals is crucial for clarity and focus, measuring progress, motivation and accountability, risk management, and...
Building a business is an adventure filled with excitement and challenges. One of the smartest moves you can make early on? Establishing your business safety net. This fund isn't just a good idea; it's your business's sanity net for those “pull your hair...
Running a small business comes with its challenges, and one of the most critical aspects is managing cash flow effectively. Maintaining a steady income stream is essential to keep your business thriving and growing. However, waiting for payments from clients or...
Accrual-based accounting and cash-based accounting are two different methods of recording financial transactions. The main difference between the two methods is the timing of when revenue and expenses are recognized. In cash-based accounting, revenue and expenses are...
Setting key performance indicators (KPIs) is an important step in measuring the success and progress of your organization or project. What are Key Performance Indicators? Also known as KPIs, they are a set of metrics used to measure the performance of an organization,...
