Month: July 2020

It’s a good idea to keep your business and personal finances separate. You get legal protections and tax benefits when you track business finances separate from personal. Mixing money can void those protections and make your tax accountant grumpy. Here are four ways to manage your business finances if you have your money co-mingled. Open…

As times change, your business budget may need to periodically adjust. For example, a time of prosperity may call for an aggressive budget that helps your business pounce on opportunities, while downturns may make a more conservative budget wise. In fact, Business News Daily recommends constantly revisiting and revising your budget. This post covers four…

Mergers and acquisitions are relatively common events, but they are not understood as well as many other business topics are. This post will give you a broad overview of what mergers and acquisitions are as well as why businesses undergo them. Acquisitions According to Investopedia’s definition, an acquisition involves one company buying “most or all…

For many small business owners, figuring out their working capital needs is harder than they think. Only calculating by how much their assets surpass their running costs might give a rough number, but that calculation doesn’t give much information. Instead, small business owners should be defining their working capital needs based on their operating cycles.…