For many small business owners, revenue comes from one primary source—maybe client work, product sales, or contracts. And while that can work for a while, putting all your eggs in one basket can be risky. What happens if demand dips? Or a key client moves on?...
When you’re running a small business, it can feel like you’re always juggling—sales, expenses, payroll, and maybe even expansion plans. But how do you make confident decisions about the future when there are so many moving parts? That’s where financial forecasting for...
Your Profit & Loss statement (P&L), also called your Income Statement, is one of the most important financial reports in your business. It’s a snapshot of how much money is coming in, how much is going out, and—most importantly—what’s left over at the end. The...
QuickBooks Online can be a powerful tool for keeping your business finances organized—but only if you’re using it correctly. Over the years, I’ve worked with many small business owners who are doing their own bookkeeping, and I’ve seen the same mistakes pop up again...
Cash flow is one of the most important (and often overlooked) parts of running a healthy business. Even profitable businesses can run into trouble if they don’t manage their cash well. Put simply: cash flow is the movement of money in and out of your business. When...
Pricing the products or services for your small business can feel like a bit of a Goldilocks situation. Too low, and you’re constantly scrambling to cover expenses. Too high, and customers may walk away before giving you a chance. So how do you find that just right...
When you’re running a small business, the to-do list never ends. You’re juggling sales, staffing, operations—and somewhere in there, you’re supposed to “know your numbers.” But which numbers really matter? KPIs for small businesses are your financial dashboard....
As your business grows, your financial operations become more complex—and you need more than just a part-time bookkeeper. But what’s the smartest way to handle it? Should you hire a full in-house team… or outsource your accounting function altogether? Let’s break...
After publishing our last blog post about the risks of using P2P payment platforms like Venmo and Zelle for business, I figured you would have questions about safer, more reliable payment alternatives. That’s why I reached out to my friend Jason Hetrick of...
As a small business owner, you might be tempted to use peer-to-peer (P2P) payment apps like Zelle, Venmo, or Cash App for their convenience and speed. However, it's essential to understand the risks and best practices to keep your business finances secure. The Risks...
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