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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
A Beginner’s Guide to Angel Investing What is angel investing? An angel investor is a private investor who provides capital for early stage companies at their seed or subsequent funding rounds. An angel investor acts alone or as part of a group, buying equity of the company (stock or
Time is definitely a luxury for small business owners. However, no matter the time constraints, it's important to devote appropriate time to payroll. In the recent SCORE webinar, "How to Avoid 10 Payroll Mistakes That Cost Businesses Money," Ken Harrington and Michael Trabold of
An important part of your role as an employer is to ensure that you pay your workers promptly and accurately, and that you comply with federal and state payroll laws that apply to your business. As an employer and a business person, you want to manage your payroll system in the most efficient,

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