We’re all familiar with the phrase “What you don’t know can’t hurt you.”  Unfortunately, especially when it comes to money, it’s completely wrong.  What we don’t know about money can lead to extremely painful and expensive mistakes and cost us success as small business owners.

What we want to achieve with this post is nothing grand. No big concepts or sweeping statements.  Our goal is to provide just a few simple, practical things you can implement right away that can save anywhere from a few, to a few hundred, dollars a month. Read more »

Right now success for small business owners may feel particularly elusive.

It goes without saying that a lot of people are in the midst of financial struggle. The stock market is running at a 12 year low, unemployment is close to 8%, and many are predicting the recession to run at least into 2010. This means less income, greater levels of debt, and a tightening of belts across all levels of careers, from bank executives to McDonald’s employees.

For us, as entrepreneurs, it can mean all those things, except that we have the additional need to continue growing towards success as small business owners, and finding the money it takes to do that. Sometimes, that can feel overwhelming. We go through periods where we make good money, and periods where there isn’t enough. Often the down times are subsidized with credit cards, which then increase our expenses when we are making money again, and only add to the financial pressure we feel.

So what are we to do? Read more »

How many of you read the title of this blog post and said “Oh no!  Not that again!”?

If you have ever attended any kind of financial seminar or read any books on finances, you have been told that you should consistently be putting a set amount of your income into savings.  We all know that we are supposed to be putting away money every single month.  Still, the reality is that an extremely small percentage of us actually do it.

So let’s just be extremely clear – no more beating around the bush . . . If you are not willing to make the commitment to automatically pay yourself first – every, single month without exception – you will NEVER build any kind of financial stability, let alone wealth. Read more »