budget
The B word
With the tax season in our midst, you are probably reviewing just how much money you made last year and coming to grips with where that money went. Did you make more than you expected? Or did you spend more than you had planned?Read More >>
Personal money = Business money
Consider for a minute how your personal money is connected to your business money. You may be an owner and your credit score is now hurting a business opportunity; you may be a valued employee and your lack of savings is not allowing you to step into the role of an owner; or you may be a married owner who’s spouse is wondering when the pay-off is going to happen.Read More >>
A business owner's sleeping pill
Nearly every small business owner that I have worked with has made the comment “now I can sleep tonight” after they were confident their business finances were in order. It isn’t just worrying about how upcoming bills will be paid or what happens when payroll comes around next week. Their main concern is the not knowing. Incomplete or incorrect bookkeeping records can cause a lot of panic, sometimes unnecessarily.
5 tips to sleep well (and know your finances are in order):Read More >>
Money and garden mastery
Money mastery like garden mastery takes a commitment. Your financial garden takes planning, focus, resources, research and patience.Read More >>
Healthy cashflow: exercise it weekly
The best sign of longevity in business is a Healthy Cash Flow. If the money is depleted, the business can no longer function. It doesn’t matter if you have the best product in the market, the most fantastic staff, your business purpose will change mankind….the world’s greatest person could not survive without food, and a business cannot survive without cash (its main nourishment).
Marry your budget and plan
Successful and healthy businesses have both budgets and business plans. Just like healthy bodies exercise and eat right. In order for either of them to work well, they need each other.
A plan without a budget can create a huge monster of a money burden when there are no monetary constraints. Sure you can plan to double your staff, office space, and equipment but applying a budget will make it clear if your plan is possible this year.
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Love your seatbelt, love your budget
How many times have you backed out of your driveway without your seat belt on only to strap in as you drive? Have you started a campaign, a business, a new phase in your life without your budget and then tried to shore it up later? Any seasoned business owner has moved forward without a plan--the quick learners figure out that doesn't work so well--the more they do it, the less cash they have for their next project.Read More >>
