All Posts in "Financial"

How To Finance A Startup

If you’re like most entrepreneurs, you have an idea for a business and some initial funding to get started. But raising enough money to keep your startup going can be challenging — especially if you’re new to the world of business financing. Fortunately, there are plenty of ways to secure startup capital that don’t involve taking out a mortgage on your house or selling your car on Craigslist. In this article we’ll explore some of these options and how they work so that whether you’re looking for a $100k loan or just need someone with a few dollars in their checking account to help out, we’ll walk through all the steps necessary to make it happen!

Determine how much cash you need to get started.

Once you’ve decided on your core business idea, it’s time to figure out how much money is required to get started.

This is where the … More >>>

Harvey Olsen by — December 12, 2022 in Company Business
Planning For A Startup

Starting a business can be a stressful and challenging process. If you’re not sure how to go about it, there are many resources available to help. In this article, we’ll explore steps you can take to get started with planning your startup.

Define Your Goals

  • Define your goals. Your business plan must be specific, measurable and achievable. You also need to set time limits on each goal. Make sure that you have a clear idea of what success looks like before you start working on it–and then keep in mind that even if the initial objective isn’t met exactly as planned, there may still be some positive outcomes from the work done along the way.
  • SMART (Specific Measurable Achievable Realistic Time-bound) – This is a great tool for making sure that your goals are achievable and realistic within given constraints such as budget or timeline restrictions

Determine Your Target Audience

… More >>>
Harvey Olsen by — December 5, 2022 in Company Business
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
… More >>>
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