Author: Megan Sullivan

FeaturedMoneySmall Business

How to get paid for your expertise, advice & other intangibles

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Whether your business sells services, products or both, you know that a normal day includes speaking with many different clients solely to offer them bits and …

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Marketing plan examples for small business owners

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As a small business owner, you have a lot on your plate. You have to oversee everything from accounting practices to hiring. One of the most critical …

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21 accounting terms new businesses owners should know

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As a new business owner, you likely find yourself taking on a lot of different responsibilities. You may be dealing with investors in the morning and …

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7 signs your company has good financial health

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It’s somewhat easy to determine if your company is doing well. You’ll be in the black every month, able to make your payroll and pay all of your monthly …

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Understanding financial projections and forecasting

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In order to get the attention of serious investors, it is important to have realistic financial projections incorporated into your business plan. Projections can be a …

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How small businesses can fight payroll fraud

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You want to trust people. You hired hard-working employees who have glowing references and you believe they are a large part of why your small business …

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Operating costs: Understanding & reducing them for your small business

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When looking at documents like the balance sheet and income statement, you may come across account terms that you’re not aware of. However, understanding these terms …

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A small business owner’s quick-and-easy guide to payroll deductions

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Paying your employees on time is a mandatory requirement for any business, no matter the size. However, paying the appropriate amount in payroll deductions could probably …

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Job costing: 5 tips so your small business doesn’t lose money

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The overall success of your business is directly tied to profit and loss. This relates not only to securing enough business to pay your bills and …

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End the clutter: How to manage your receipts

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As a small business owner, managing your expenses can be a full-time job. Juggling receipts, bills and invoices can cause you to drown in piles of paper. However, the importance of keeping your …

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A small business guide to calculating & tracking overhead costs

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In the course of doing business, there are costs and expenses that are not directly related to creating products or services, but must still be paid on an …

FeaturedMoneySmall Business

Receipt & expense tracking still tough for small business owners, self employed

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With every tax season, many self-employed people and small business owners start to sweat their tax deductions. One of the greatest areas of concern year after year …

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How can a single or multi-step income statement benefit your business?

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An income statement, otherwise known as a profit and loss (P&L) statement, is a critical financial document for your business. Income statements produce a clear snapshot …

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How to use lean manufacturing to cut waste

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The idea behind lean manufacturing, also called lean production, or just “lean“ is simple: Cut waste out of the manufacturing process while maximizing productivity. No matter …

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12 tips to lower your small business overhead costs

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Spending money is a necessary part of building a business. Business owners can attribute many costs to producing or creating a product or service. These are …

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How to choose a POS system for your business

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Processing transactions cheaply and efficiently shouldn’t be difficult. However, for small businesses, it’s often difficult to find a cost-effective point-of-sale system that offers the features you need without …

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Employee retention strategies: How to keep your most valuable asset

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All too often, employee retention is spoken about in vague, jargon-heavy terms. Buzzwords like “company culture,” “engagement,” and “professional fulfillment” are tossed around as if their …

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The most profitable businesses you can start this year

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Will the start of a new year mean the start of a new business for you? If so you will likely have some questions. Where do …

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Cash flow statements 101: Everything you need to know

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Perhaps one of the most frustrating things about small business management is the seemingly endless list of “statements” you should prepare. And the fact that all …

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Unusual tax breaks that small business owners can take advantage of

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Considering all of the information, receipts and files that business owners must gather in order to successfully complete their taxes, it’s no wonder that tax season …

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How your personal credit affects your business

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As an entrepreneur, you should be aware that your personal credit can affect your ability to secure a business loan or other types of financing. Many lenders—especially financial institutions—review personal credit …

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12 secrets for achieving a good work-life balance as a business owner

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Many small business owners suffer from constantly being in “overdrive,” always working at a pace that makes mere mortals seem slow by comparison. And while a …

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26 of the best home businesses to start

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If you find you’re suddenly unemployed or at home with your children all day or even just looking for some side income, starting your own home-based …