All Posts in "Financial"

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
3 Companies That Just Shook The World

The cannabis industry is booming, and with legalization coming to more states every year, it’s only going to get bigger. This means that companies are getting more investors interested in them and developing new ways to make money off of their products. Here are three companies that are shaking up the world of cannabis:

Privateer Holdings

Privateer Holdings is a private equity firm focused on the cannabis industry. Privateer Holdings was founded in 2010 and has raised over $200 million for its cannabis portfolio, which includes Leafly, Marley Natural and Tilray.

In 2017 alone it received $75 million in funding from Constellation Brands (the makers of Corona beer), bringing its total funding up to $195 million since its inception. The company also has plans to raise another $150 million this year as they continue investing in companies that will help them build out their portfolio of cannabis brands across various … More >>>

Harvey Olsen by — October 26, 2022 in Company Business
Three Businesses That I Really Want To Own

I’ve been thinking about this for a while now, and I think it’s time to share my dream with the world. You see, I really want to own a coffee shop, bakery, and dry cleaners. This is what I think of when I imagine my ideal day:

Coffee Shop

  • Location: The location of your coffee shop should be in a place where there is a lot of foot traffic. If it’s not, then people won’t be able to find you and they will lose interest in your business.
  • Equipment: To open up this type of business, you’ll need some equipment such as espresso machines and grinders for making coffee beans. The cost for this can vary depending on how many pieces of equipment you need but generally speaking it shouldn’t cost more than $5k-$10k per machine (depending on brand). For example one machine might cost $3k while another might cost
… More >>>
Harvey Olsen by — October 20, 2022 in Company Business