Imagine waking, disoriented, in the middle of the desert.  You vaguely recall hearing of an oasis out in the wasteland, so you look to the sky, bravely pick a path and start walking.  Unfortunately, the story doesn’t end well.  Because you weren’t clear where you were when you started, you wander and starve before reaching your magical destination.  In your financial life there exists the same challenge.  Sun dials and prayer aren’t the solution.  You simply cannot meet your goals or gauge your progress until you have a clearly defined financial starting point to anchor your direction. Read more »

You’re committed to the success of your small business right? So let’s think about what makes a business a business.  Think of how a big company runs things.  They have a business bank account and business credit cards, they keep records of all business expenses and sales, and they know when they have made a profit and how much.

Do you run your business like this?  If the answer is no, then you don’t actually have a business. You’re merely engaging in a hobby, and it may be an expensive one.  You might be saying, “But I’m not an accountant.”  True.  However, as challenging as it may seem initially, you can absolutely learn to keep proper track of your business finances. It is critical to your success as a small business owner. Read more »