There’s no shortage of financial advice out there for small business owners especially with so much of it circulating on social media. You’ve probably seen the posts that say you should invest more, save less, raise your prices, hire faster or the opposite. The truth is, not every tip applies to every business. What works …
What to Watch Out for in Business Financial Advice Read More »
If your business has a busy season and a slower one, you know the financial highs and lows can feel intense. Whether you’re preparing for peak months or navigating the quieter times, good planning makes all the difference. Here are some financial tips to help you manage your seasonal cash flow and set your business …
Running a Seasonal Business: What Every Owner Should Know Read More »
If you’ve ever looked at your financial reports and found yourself wondering what EBITDA and net income really mean, you’re not alone. These two terms show up often in financial statements, but they tell very different stories. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. In simple terms, it gives you a picture …
We’re here to talk about something many business owners avoid… pricing. If your profit margins feel too tight, your revenue isn’t matching your workload, or you haven’t reviewed your rates in over a year… it might be time for a pricing adjustment. Here are a few tips to help you rethink and refine your pricing …
Is It Time to Rethink Your Pricing? Here’s How to Know Read More »
Most business owners create a budget once, feel good about it, and then don’t look at it again until the following year. But if you’re not reviewing your budget regularly, it’s probably not working as well as you think. Business isn’t static, prices change, revenue shifts, expenses creep in, and unexpected things pop up. So …
Scaling a business is exciting, but growth without financial clarity can lead to cash flow problems, unnecessary debt, and unpredictable expenses. If you’re looking to scale your business successfully, these key numbers will help you stay in control and make informed decisions. 1. Revenue vs. Profit More sales don’t always mean more profit. Track both …
The Key Numbers You Need to Scale Your Business Successfully Read More »
Your bookkeeper or accountant plays a big role in keeping your business finances on track, but if they’re not meeting your needs, it might be time to make a change. If you’ve ever found yourself saying: What to Look for in a New Bookkeeper or Accountant The right bookkeeper or accountant does more than just …
Is It Time to Switch Bookkeepers or Accountants? Here’s How to Know Read More »
Fraud can happen in any business, no matter the size. It often starts small with an unapproved expense, a missing transaction, or a duplicate payment. If left unchecked, these little red flags can turn into serious financial losses. The good news is that most fraud is preventable when you know what to look for and …
How to Spot and Stop Fraud in Your Business Finances Read More »
Cash flow is crucial for every business, but unpaid invoices can cause financial stress. Late payments make it harder to cover expenses, invest in growth, and keep operations running smoothly. The good news is that a few simple strategies can help you get paid on time. 1. Send Invoices Immediately and Set Clear Terms The …
Get Paid Faster: 3 Invoice Hacks for Business Owners Read More »
Economic ups and downs happen, but staying on top of your finances and efficiency can help your business stay strong. Here’s how: 1. Keep an Eye on Cash Flow Know what’s coming in and going out so you’re never caught off guard. Cut unnecessary costs, ask vendors for better payment terms, and encourage early payments …
4 Ways to Keep Your Business Resilient in Economic Uncertainty Read More »
