Articles on: Finance

The Small Business Guide to Bookkeeping and Invoicing

This is a guest post from Kristie Wright (see bio at the end) – thanks Kristie. Accurate and concise bookkeeping is the backbone of any successful small business. This aspect of operation may seem tedious, but it’s crucial that you track your expenses and earnings in order to keep the entire system functioning smoothly! Not […]

The Best Business Owners Understand the Cost of Doing Business

This is a guest post from Jori Hamiliton (see bio at the end) – thanks for sharing Jori! As of 2019, there were 30.7 million small businesses in the United States alone. And yet, in spite of the enormous number of startups in existence, roughly half of all small businesses don’t survive past the five-year […]

Save it for a Rainy Day – The What, Why and How…

We usually associate the phrase “Save it for a Rainy Day” with putting aside something for a time of special needs or emergencies.  The “Dictionary of Clichés” dates the origin of the saying back to the year 1580.  So it’s been passed down through generations for well over 4 centuries.  Though it’s still advised to […]

Your Business is like a Cow…

One of my favorite small business finance books* is Greg Crabtree’s Simple Numbers, Straight Talk, Big Profits.  He takes what is typically viewed as a dry, painful topic and makes it compelling – and more importantly he cuts through a lot of noise and shares some excellent, practical advice on how to create a profitable […]

Is it right to raise prices when you aren’t adding any more value?

It sounds like a challenging conundrum… but it turns out it’s not. I recently had a client who was struggling with raising prices on some ancillary services – from an ownership and bottom-line perspective, it was clear that it made sense to raise prices (it’s been 10 years since the last time they were raised) […]

Potential Challenge – Are Costs Impacting Your Profits?

When “times are good” in business, one of the biggest fallacies that play out is businesses can succeed in spite of themselves.    This isn’t a statement directed to any one business, (so we aren’t pointing at you) but during times of growth, it is a lot easier to not pay attention to margins and other […]