money
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 >>
Cash vs Accrual – Which Accounting Method Works for You?
One of the main differences between the cash and accrual methods of accounting is when revenue and expenses are reported. In a cash method, revenue is recognized when money is actually received and an expense is posted on the date it is paid. This method is used often by service businesses because they do not typically carry substantial inventory. There are some businesses that cannot use a cash method. Some examples are:
* A corporation (other than S) with revenue exceeding $5 million
* A business that carries inventoryRead 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).
The Secret to Financial Success
Financial success is about more than just how much you save versus how much you spend. To be truly successful and prosperous you have to develop a healthy relationship with money. Goals can help define and create structure in this valuable relationship.
The first step in the goal setting process is to be aware of your current situation and attitudes about money. You must learn to trust yourself and life to give you what you need.Read More >>
Your money is your life
Is "making a living" actually killing you? Does your job feel like a downward spiral into a fragmented life with broken relationships? Do you spend more than you earn? Millions of Americans are wheeling around in this vicious cycle. Your Money or Your Life teaches how to get out of debt and save money; value life over material possessions; match your values to your livelihood; and help the environment while saving money.Read More >>
