Check Your Business Pulse – Financial Reviews

Have Periodic Reviews of Your Progress Each Month! To keep your business running smoothly, ensure you are checking your numbers periodically throughout the month – do this consistently, even when you do not feel like it. Checking your numbers periodically will help you to adjust before something avoidable happens. For example, you budgeted $40K in […]

Know What ALL Your Expenses Are

Know What All Your Expenses Are It is essential to know what your business expenses are and separating business expenses from personal. Most small business owners often times fail to make this separation. As much as you might be your business and your business might be you, distinguishing between personal and business expenses is essential […]

Know Where Your Revenues Are Coming From

Know Where Your Revenues Are Coming From   Income or revenues come from different sources; sale of goods or services, renting of an office space or equipment, commission, royalties etc. It is important as a business owner to know where your income/revenue is coming from, as this will determine the success or failure of your […]

Have A Manageable Sized Budget

Have A Manageable Sized Budget – Monthly Budgets Are Good   Budgeting is something to consider; it gives you a working document to look at and a roadmap for where you want to see your business. Budgets are static documents, they can be adjusted as needed by using forecasts. Forecast looks at the current economic […]

Before You Start Budgeting, Know Your Financial Objectives

What are your financial objectives? Knowing your financial objectives is important when creating your budget. Be as realistic as possible, if you have been in business for some time, look at your historical data. What did you make last year, last two years or even last five years? Looking at your historical data will give […]

Tips For Healthy Budgeting

Tips For Healthy Budgeting   Here are some tips when preparing your budget, be as objective and realistic as possible, look at your past results, know your marketing plan, then set your budget based on this. If it’s your first budget, know your market and project your numbers based on this. Remember to be realistic. […]

10 Questions

10 Questions To Ask Yourself If You Have A Business Or Considering Starting One   Having a business can be the best thing that ever happened to you! Different people go into business for different reasons. Before embarking on such a journey, it is essential to decide whether or not this is right for you. […]