When your business has a great month and leaves you with surplus cash, your mind might feel pulled in a lot of different directions. What should you do with the money? Should you reinvest it? How? Maybe you should just leave it in a savings account and save it for a rainy day.Read More
Cash is like the blood in your veins or the oil in your car. Without it, your business can’t survive.
Of course, every small and medium-sized business owner knows that at one point or another, cash will become tight. It’s an inevitable part of the business process. Startups need a lot of cash upfront, and they usually take a little while to become profitable. Older companies, while more...Read More
Let’s face it: starting and maintaining a business is expensive. Before you even open your doors, there are plenty of upfront costs such as accountants, lawyers, buying equipment and hiring great employees. Then once the business gets going, it seems like every time you turn around, you have to pay for something. Whether it is a website hosting fee or the latest software, you might feel as if...Read More
So much work goes into planning the perfect yearly budget. As your budget can drastically affect your profitability, you want to be sure that you account for as much as you can upfront. Among many others, this includes labour costs, materials, software programs. You also want to be able to leave some leeway, just in case something goes wrong and needs additional funds.Read More