Personal finance planning is a very important part of success for many entrepreneurs. In many ways, they are just as important as your business finances. It’s critical to manage them in a similar way, ensuring that your personal financial goals are met right alongside those for your business. Here are some basic steps for managing […] Read more “Personal Finance Planning 101 for Entrepreneurs”
Author: Staff
Sticking to a budget can be one of the most crucial elements of success in any business, organization, or project. But it’s equally important to be open to revising your budget at the mid-year point. Knowing how and when to revisit your budget is a skill many business owners and managers overlook. As a result, […] Read more “How to Revisit Your Budget Mid-Year”
Starting a business is exciting, but building wealth is the key to long-term success. Generating long-term income requires strategic financial planning to make money, save, and invest. Building wealth rarely happens by accident. It takes a relentless focus on growing your business and staying true to your goals. It also requires self-discipline to defer gratification […] Read more “Building Wealth as an Entrepreneur”
A virtual CFO is a professional who does many of the same tasks as a traditional CFO. The key difference is they provide services as needed rather than providing them as a full-time, hired-in professionals. That means that your company does not pay a salary to the CFO but rather pays for services you need […] Read more “How Does a Virtual CFO Help Your Startup?”
According to reports, more employees bought company shares via employee stock purchase plans during the pandemic. Offering employees company shares as part of their compensation package is common among startups. Not only can it boost employee engagement and further startup success, but it can also turn into a lucrative opportunity for employees. However, there are some things […] Read more “Exercising Your Startup Stock Options”
What KPIs for sales should you be using to drive growth for your startup? To maximize productivity and efficiency, you need the right measures in place. KPIs are powerful tools to show sales teams and leadership the impact of marketing campaigns, sales staff productivity, and strategies to reach potential and existing customers. Sales teams are […] Read more “7 KPIs for Sales Growth Acceleration”
Budgets for businesses can be confusing and often seem to be limiting. Yet, every business has a goal. That goal could be growth and scaling and often involves a revenue goal. For some companies, their goal is to reach a profitability level that helps them feel secure and successful. For others, how much cash the […] Read more “How to Approach Budgets for Businesses”
What reporting KPIs do you need to grow your business? Of course, key performance indicators (KPIs) differ from one company to the next. Yet, you cannot grow your agency if you do not rely on numbers. These numbers can provide a wealth of information to you, including providing you where you are right now and […] Read more “Reporting KPIs Needed When Growing Your Agency”
Do you really need an Outsourced CFO to scale your startup? The answer is yes. You put everything into this venture. You’ve figured a lot out along the way, and all that hard work paid off. Now it’s time to scale, and scaling’s complicated. You have a lot to lose but — if you do […] Read more “How Outsourced CFOs Set Founders Up to Scale”
If you’re an entrepreneur who’s about to launch a new venture, a startup accountant can help you identify steps that will potentially save thousands in taxes and other expenses. There’s no shortage of planning tips for new businesses, and that’s particularly true when it comes to advice on how to avoid overpaying taxes. It’s hard […] Read more “5 Tax Considerations Startups and Entrepreneurs Need to Think About”
Nowadays, it seems like conversations about cryptocurrency tax are popping up everywhere. And it is not just the “tech-savvy” or hardcore investor that brings up the topic, because many people have begun investing in crypto. Today it seems like crypto has become, for lack of a better term, real. There are many good reasons why […] Read more “CryptoCurrency and Tax Implications”
Should you open an LLC when you start your new business? Or should you convert your current business structure to LLC? Some business owners do whatever is easiest to get up and running. However, your business structure determines how you’ll pay taxes, what insurance you need, as well as the extent of your personal liability. […] Read more “New Business? How to Open an LLC”