Finance

4 Ways to Optimize Your Small Business Finance Processes in 2018

4 Ways to Optimize Your Small Business Finance Processes in 2018

For the majority of small businesses, managing finances is one of the most difficult tasks to perform. However, no matter how tedious this task may be, it is critical for your business’ growth. It not only helps you predict where your business is headed but also allows you to make more informed and data-backed business decisions. Not to mention that maintaining your financial records will make your tax reporting and payments much simpler.

Here are a few tips that will help you boost your finances in 2018.

4 Ways Cash-Strapped Small Business Owners Can Save Big

4 Ways Cash-Strapped Small Business Owners Can Save Big

For small business owners, finances are nearly always in limbo. If you are running into stressful money moments, there are some steps you can take to make those moments less frequent and taxing on your business and your sanity.

What follows are four tips for small business owners who find themselves strapped for cash a little too often

What Every Business Owner Needs to Know About Financial Planning with Blake Fellows

What Every Business Owner Needs to Know About Financial Planning with Blake Fellows

Many small and medium-sized business owners kick the can down the road when it comes to financial planning. That’s understandable since business owners are preoccupied with short-term responsibilities and dealing with fires that inevitably pop up daily.

Unfortunately, this leaves the business owner and his or her partners and family members exposed to tremendous risk.

What happens if conditions change and the business fails? How will the business respond if a partner falls ill? What is the business exposed to as the market fluctuates? How can the business be financially responsible while offering competitive compensation and benefits to employees?

In this interview, business finance expert Blake Fellows explains why it is essential for business owners to be proactive about setting goals, determining ranges for spending and saving, ensuring that foundational agreements are in place, and having specialized support in all aspects of financial planning