It's no secret that disasters happen even in business. But are you ready for it? How much money do you need in your emergency savings (Rainy day fund) to help you in the case of those moments? This question is the question we are going to tackle today. First, we need to determine what your current monthly expense is in your small business. If you use a bookkeeping software, this will be pretty easy to do. Print out last years, Profit and Loss report (P&L) and categorize it by month. As … [Read more...]
How to get your Business Organized in 9 Days
Staying organized in your business saves you time, money and your sanity. So, whether you are a start-up business owner or have been in business for a while, this post will help you get your business organized. Start off slow and do each section DAY 1: GET BACK TO YOUR BOOKS Review your accounts in your register. Make some accounts hidden or inactive, so you don't accidentally use them. By minimizing your accounts to only the essentials, you can easily keep on track even on those days when you … [Read more...]
