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Every so often a front page news story will appear citing a seemingly outrageous number as the salary of a nonprofit’s CEO. The question most people ask is how could a tax-exempt organization justly pay someone so much? In rare instances, the CEO in question has manipulated their salary in
Can Your Nonprofit Raise Money Through Crowdfunding? Like all things entrepreneurial, crowdfunding has its legends. Most of the time the stories run like this: So-and-so small business owner wanted to raise $3,000 to help fund his new business idea and people liked it so much he raised $50,000. Obviously, those success stories are rare, but it is
Do you still pay your small business’s bills by writing paper checks? Do you issue paper checks to your employees or use them to pay your vendors? If so, you might be wasting time and losing money. A new survey from Dwolla found that 67 percent of U.S. small businesses still use paper
Start-Up Expenses Nearly everyone who has ever started a business has underestimated the costs, and then faced the danger of running with inadequate capital reserves. The key to avoiding this pitfall is to adopt a rigorous approach to your research and planning. Our Startup Expenses worksheet will lead you
5 Common Money Mistakes Small Businesses Make Plenty of factors can contribute to a business venture's demise. Sometimes it's a lack of consumer interest; other times it's a matter of bad marketing tactics. But perhaps the most deadly contributor to startup failure is not knowing how to manage your business finances.
Ted: What if I don’t think of the books? Robin: Excuse me? Ted: There’s this famous architecture story about this architect who designed this library. It was perfect. But every year, the whole thing would sink a couple inches into the ground. Eventually the
Use Financial Management Basics to Help Your Business Succeed Learn the Basics - Financial Management Tips All small businesses have something in common: a need to fully understand financial aspects such as budgets, cash flow, pricing and balance sheets. Otherwise, entrepreneurs may not fully understand what's happening with their business until it
Small Business Financials: Smart Ways to Get Paid Faster Imagine watching a split-screen of two plumbers going into separate homes in the same neighborhood to install hot water heaters. The jobs seem almost identical right up to the point of payment. The plumber on the left leaves after the work is done and sends an invoice about a week later. He
“Necessity is not an established fact, but an interpretation” - Friedrich Nietzsche I love my job. As dry as accounting seems, I find it fascinating. You get insight into a business’s operations and finances – truly the core of what is going on. People open up to
Whether you are a small business owner or new entrepreneur, deciding whether or not you should handle your own business finances can be challenging. In the SCORE Small Business Success Podcast, “Finance and Accounting Tips for Your Business,” SCORE mentor Hal Shelton offers his

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