Did you know that within your boring financial statements are five hidden secrets that could have a significant impact on your business? Some of my most successful clients have figured this out. By understanding these things, they're... Continue
When now-retired entrepreneur Larry Goodrich and his two partners started a small business, they were surprised to find it difficult to get a business line of credit. All three partners had impeccable credit ratings. They'd owned homes... Continue
Crowdfunding combines crowdsourcing and microfinancing. It does that by allowing individuals to invest small amounts in businesses that interest them. Sometimes, funders may outright donate money to your business. In others, they expect... Continue
We know that this last year has been incredibly intense for you as a business owner. Thank you for staying committed, being so resilient, and fighting so hard to keep your business going in the midst of such extreme circumstances. Thank... Continue
Money can be one of the most complex topics to tackle as a small business owner. We often have so much emotion tied to the money our business makes — or doesn't make. The reality is that it is tough to build a financially sustainable... Continue
The $1.9 trillion American Rescue Plan Act of 2021 aims to help the American economy recover after a long and difficult year of shutdowns and hardships related to the COVID-19 pandemic. If you're a small business owner, here are the five... Continue
Many business owners complain about financial stress. Too many bills to pay. Mounting expenses. Looming commitments. Higher prices. What's the most important thing you can do to significantly reduce your financial... Continue
Whenever anyone asks what's the best tax advice for a small business owner, to me, the answer is obvious: have a good certified public accountant. Yes, it costs a few extra bucks. But taxes — like everything else in this world — are... Continue
It might seem counterintuitive, but many small business owners can gain a genuine appreciation for depreciation — especially when they're calculating their company's income taxes every year.
Depreciation Definition
Typically, when you... Continue
