According to the Small Business Association, of small businesses that fail, 82% say it's because of cash flow problems in business. That means 41% of small businesses are so financially illiterate that it costs them their livelihood. That's pretty shocking, right?! Yes, of course businesses fail for many reasons … Read More
If you're a small business owner, particularly one in the creative, arts, or doing-good-in-the-world realms, you might not say the p-word very often. I mean this one: Profit. Profit isn't a dirty word. Profit keeps the lights on and pays the bills. But acknowledging that can seem a little … Read More
It's the new year, and the time that people make budgets. In this two-minute tip, I'm going to save you time and headaches by telling you the five reasons why budgets fail -- and what you should do instead. https://www.instagram.com/tv/CJ6YvCHn0OS/ Why Budgets Fail Small Business Owners The first reason budgets … Read More
Why does using Profit First set you up for success in a way that no other system can? Because it doesn't just tell you "pay yourself first;" it shows you exactly how to do that. Most small business owners don't realize that the first question to ask … Read More
2020 was a wild ride, right? The election is over and I'm pretty excited about the outcome. I'd particularly like to extend congratulations to Kamala Harris on being the first female and first woman of color Vice President. We're all doing a little bit of celebrating here … Read More
As a small business owner, one of the scariest parts of the business can be filing taxes -- especially if you're unprepared. If you've ever sat at your desk just before the filing deadline with a stack of receipts (paper or digital) and a sense of panic, … Read More
Hey, you! You there, with the small business! Are you filing federal income taxes monthly or quarterly? And are you sure you're choosing the right option? If a chill just went down your spine, you're not alone. Paying small business taxes is intimidating enough without doing it four … Read More
If you're running a business, you probably like profit. Who doesn't? Profit keeps the lights on and pays the bills. But saying the words "Profit First accounting" can seem both a little greedy -- think Scrooge McDuck -- and a little obvious. Don't most businesses inherently put … Read More
Wow, 2020. You’ve been a real doozy. Between the global pandemic, election year, and roller-coaster international economy, it’s easy to imagine curling up under the covers and asking someone to gently wake you when it’s all over. And as tempting as it may be to want to … Read More
If you’ve been in business for a while now, you’ve likely heard the mantra know your numbers. But if you aren’t a “numbers person,” do you know which numbers mean the most to your business — or what to do with that information, once you know them? There … Read More