Case studies show that one of the primary reasons for small business failure is the lack of poor management tools and techniques. When it comes to the accounting and financial reporting, business owners are more successful when there is a set of procedures to follow. This article provides five steps to management accounting to ensure … Continue reading Management Accounting Tips – The 5 Step Accounting Formula for Powerful Financial Reports
Author: WomanCFO
Why You Should Face Fear and Do It Anyway
Do you remember your first time? What was it that pushed you past your boundaries and stretched you out of your comfort zone? Helping others solve financial problems is what I’m built for. I’ve always enjoyed one-to-one talks with entrepreneurs to do deep dives and make sense of their business finances. That was my business … Continue reading Why You Should Face Fear and Do It Anyway
Home-Based Business, Taxes and What You Can Claim
The write-offs that you can claim when running a home-based business are similar to those outside the home with a few exceptions. Running a company from where you live allows you to deduct a percentage of the personal expenses you'd typically not be able to claim. This article gives examples of write-offs that you should … Continue reading Home-Based Business, Taxes and What You Can Claim
The Word for the Month is PROACTIVE
When you run the numbers for the past, it helps you project future sales, costs, and profits. Since many of you are just getting started or in the first full year of business, you may not have t have any real history (YET) so here's what you can do. PEER FEEDBACK - Ask others in your … Continue reading The Word for the Month is PROACTIVE
5 Ways to Easily Manage Finances for Solo Business Owners
People often ask me, “What’s a good way for entrepreneurs to keep their business finances in top shape?” Whenever I get this question, you can bet that I’m smiling on the inside. Why? It shows a commitment to making their company successful when this question becomes top of mind. Congratulations on taking this step. You’re … Continue reading 5 Ways to Easily Manage Finances for Solo Business Owners
how founders make the most of Time and Money
Review daily schedules Consider the days and times that you currently have available and block out a bookkeeping time that works for you. Allow nothing (including client appointments, marketing, emails, or phone calls) to take its place. Customize a Filing System Where and how you maintain financial records will be important in this process. Select … Continue reading how founders make the most of Time and Money
Entrepreneurs and Wealth Building Series: Managing Business and Increasing Portfolio Value
“Entrepreneurs and Wealth Building” is a business finance podcast sponsored by TBS USA. The series is dedicated to raising the financial consciousness of one million enterprising women throughout the world to help them walk in wisdom and smile confidently at the days and years to come. Episode 4 “Managing Business and Increasing Portfolio Value” Learn … Continue reading Entrepreneurs and Wealth Building Series: Managing Business and Increasing Portfolio Value
Finding Time to Manage Finances When Running Your Business Solo
Running a business as a solo-professional means juggling an endless list of tasks. With the constant flow of to-do's to manage, things can quickly get out of hand. It's easy to fall behind in back-office tasks when a lack of time is an issue. That's why things like bookkeeping get put off. So how can you … Continue reading Finding Time to Manage Finances When Running Your Business Solo
Tips for Using a Tax Extension
For many, the endless responsibilities of daily tasks get in the way of prioritizing income tax preparation. It's during the short tax season that stress peaks and failure to make the right moves can mean paying more than you should. How you handle your tax return during the regular filing season impacts whether you pay penalties and … Continue reading Tips for Using a Tax Extension
Avoid These Mistake in Business
Years ago when I started my business there were mentors in my corner guiding me every step of the way. But that's not always the case with today's entrepreneurs. The more typical path looks something like this. You have an idea, create the product or service and dive right into selling. But, moving full steam … Continue reading Avoid These Mistake in Business
