You’ve decided to branch out on your own. Your business plan is solid and you’ve chosen how to trade. You’ve sorted your bank account, insurance is covered and you’ve registered with HMRC. You’ve got a swanky new office, your employees are due to get paid at the end of the month and everything feels pretty The post Accounts and tax: A small business guide to managing your finances appeared first on Small Business.
Posts published in “Cash Flow”
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The post Profit and loss template appeared first on Small Business.
When you work for yourself you can go through periods of feast and famine: times when you’re busy and the cash is flowing, and times when there’s no work to… Read more » The post Finding Extra Money as an Entrepreneur appeared first on Noobpreneur.com.
Owning your own business provides a rewarding experience. As your own boss, you can set your hours and your priorities. You are also free to pursue the work that you find rewarding and fulfilling. But no matter how much you love what you do, collecting your pay remains a necessity. After all, if you don’t […] The post What’s the Most Important Part of Cash Flow? Invoice Terms appeared first on SmallBizClub.
It’s no secret that running a business is tough. You knew it long before you even started down this path. You’ve heard all the stats before—over 20% of all small businesses fail within the first year, and more than half don’t make it to five years—and everyone you spend any time with at all feels […] The post 7 Simple Ways to Ensure You Get Paid on Time appeared first on SmallBizClub.
It’s every small business owner’s dream: you took out a business loan to start or expand your small business, and it really paid off. Business is booming, cash is flowing, and you suddenly find yourself in the coveted position of being able to pay off your loan far before you anticipated. While you’ve always wanted […] The post Prepayment Penalties: When the Early Bird Doesn’t Get the Worm appeared first on SmallBizClub.
Here is one that is so important to the continued health of a growing company that it cannot be overstated. It’s a bit complex for novices. But hang in there as I explain a bit about accounting classification of assets and liabilities. Differences between types of assets and liabilities First, let’s be sure we know […] The post Here’s a Rule for Companies with Outstanding Loans appeared first on SmallBizClub.
I was glad to be asked about common mistakes with financial projections. I read about 100 business plans a year for angel investment and business plan competitions. Most show unrealistic profitability. More people doing business plans should realize that most startups are unprofitable at the beginning; and that high growth correlates with losses, not profits. […] The post 10 Common Mistakes with Startup Financial Projections appeared first on SmallBizClub.
Money in the bank is like oil in the car. Certainly, you have many ways you are pulled every day, both tactical and strategic. But when money is the issue, your time, energy and focus are drained from other important areas of your life or business. Running out of money is not always synonymous with […] The post So, What If You Run Out of Money? appeared first on SmallBizClub.