Browsing Tag
profit and loss
9 posts
How to Boost Your Startup’s Profitability with This Old Improv Trick
Where does revenue come from? And how can we make more of it? When you’re building a business, everything comes down to these two questions. The more specifically you can answer the first, the more opportunities you’ll see to answer the second. To see the big picture, you have to get small. You need to...
In a Financial Rut? Here’s How 3 Creative Business Owners Mastered Money
Do you dislike dealing with the financial side of running your business? You’re not alone. Many entrepreneurs go into business to do something they are good at, or to fill a creative void. Spending time with accounting software and spreadsheets, however, isn’t often on their list of ways they want to spend their time. The...
5 Productivity Tips to Prepare for a Summer Slump
If you stop to think about it, is your business cyclical? Do you have some months or times of year where business is booming, and others where it all but grinds to a halt? For many entrepreneurs (myself included), summer is often that slow period. It can be frustrating, both financially and mentally, to have...
4 Things You Need to Know Before Applying for Your First Business Loan
You had an idea and you turned that idea into a new business. Congratulations! But as you work to get your dream off the ground or grow in new areas, you find yourself in need of valuable capital. This is where a business loan comes in. And if you need funding, you’re not alone. According...
Why It’s Important to Keep Your Business Plan Flexible
Having a business plan was once thought to be the roadmap to entrepreneurial success. Its purpose; to lay everything out on the table, including what your company does, its objective and goals, how to market it, and major milestones you expect to achieve. Some entrepreneurs feel that without a well-written plan, they won’t be able...
4 Budget-Friendly Accounting Tools for Entrepreneurs
Small business accounting tools can be a lifesaver for all entrepreneurs. Let’s be honest: accounting and bookkeeping are not only the most tedious task for owners, but it’s also your least favorite task. So, if you can automate some of the processes and spend less time engaging in such a daunting task, why not? Small...
How to Tackle the Financial Portion of a Business Plan
If you’ve ever drafted a traditional business plan or a lean startup plan, you know that it’s highly important to outline your startup’s finances. Traditional business plans require financial projections (what the cash flow looks like for your business) and a financing request, which outlines the amount of funding you’d like to request from investors....
What Cloud Accounting Software is Right for My Business?
Before the arrival of cloud accounting, software options were traditionally rather cumbersome and generally more suited to larger organizations. This type of software makes it easier for entrepreneurs to manage their finances, however, and lets you get on with running your business. With such a wide range of options on the market these days, it...
Stay on Top of Business with This 10 Step Checklist for Your Startup
For entrepreneurs, July is a great time to assess how the year is shaping up, make adjustments that boost revenue or reduce expenses and take advantage of new opportunities. But how do you get started and what should you focus on? Here is a step-by-step checklist that can help you stay on top of your...