All Posts in "Month: November 2022"

How To Make Your Money Last Throughout The Year

Making money last throughout the year is one of the most important things you can do for your finances. After all, if you have an emergency fund, it doesn’t matter how much money you started with — what matters is that you have enough to get through whatever life throws at you. With a solid budget in place and some tricks up your sleeve, however, saving money over the course of months or even years isn’t nearly as challenging as it may seem at first glance.

Save Money

  • Set up a savings account. You can do this online with most banks, or at your local branch. Once you have a savings account set up, make sure to put aside a portion of your income every month and deposit it into that account.
  • Don’t spend money on things you don’t need! It’s easy to get caught up in wanting the latest
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Harvey Olsen by — November 23, 2022 in Company Business
Ten Questions To Ask When Starting A Business

Starting a business is exciting, but it can be daunting as well. There are so many things to consider, including your budget and how much money you need to start up. You’ll also want to think about how your business will impact the economy in your community, state and country. The following ten questions will help you get started on the right path:

How much does it cost to start a business?

How much does it cost to start a business?

The answer varies based on the type of business and its size. If you’re starting a small, home-based enterprise, your costs may be as low as $500 per year. However, if you plan to open an office in an urban area and hire employees, then expect to spend more than $3 million over the first five years of operation. Costs can include rent or mortgage payments; utilities such as … More >>>

Harvey Olsen by — November 19, 2022 in Company Business
Managing Business Cash Flow

Cash flow is the lifeblood of a small business. Without cash coming in, it doesn’t matter how great your business is or how much money you have tied up in inventory — you won’t be able to pay employees or for supplies, and you certainly won’t be able to grow. At the same time, managing your company’s cash flow can seem frustratingly intangible: How do you tell if you’re making enough money and spending too much? When does it make sense to take out debt or pay yourself? And when do you need a line of credit? In this guide, we’ll look at what cash flow management means for small businesses and what strategies exist for staying ahead of bills while planning for growth.

Cash flow management is the process of managing your business’s cash flow.

Cash flow management is the process of managing your business’s cash flow. Cash flow … More >>>

Harvey Olsen by — November 10, 2022 in Company Business
How To Improve Cash Flow For Your Small Business

Cash flow is the lifeblood of any business. You need it to pay your bills and keep your company afloat. If you have too little cash on hand when a bill arrives, you may end up paying late fees or worse, losing access to an important service like electricity or internet. On the other hand, managing your cash flow can help give you confidence about how much money is coming in and going out over time. With this information in hand, you’ll be able to make smart decisions about what projects are worth investing money into now versus later down the road.

Make a plan.

To improve your cash flow, it’s important to have an understanding of what it is and how it works. Cash flow is the money that comes in from customers paying for goods or services you sell, minus the money that goes out for expenses like … More >>>

Harvey Olsen by — November 6, 2022 in Company Business