Small Business Resources

Ready, Set, your Budget: Maximizing Speed

Alright, it's time for the fourth phase of your budget! In a sprint, this phase is maximizing speed. For your budget, it's maximizing performance! By this point, you should have...
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Ready, Set, your Budget: Transition

The third phase of a sprint is Transition. In your budget process, it's time to transition to expenses! Review your monthly P&L from 2014 to analyze your expenses. Determine which...
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Ready, Set, your Budget: Acceleration

The second phase of a 100m sprint is acceleration, picking up speed. In your budget, the second step is to set your budget for sales and cost of goods sold,...
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Ready, Set, your Budget: The Start

The first step to starting the budget process is to review your current year financials. To do this, run a monthly P&L (profit and loss statement) of revenue and expenses...
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Ready, Set, your Budget

It’s that time of year again! And, no, I’m not talking about the holidays. I’m talking about year-end! It’s time to start thinking about the new year. Where will your...
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Leaders are Readers

It's been said by many, that Leaders are Readers. Harry S. Truman may have been the first, but he was not the last. Personally, I love reading, but find that...
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5 Tips for Organizing Your Back Office

Your business is up and running. You've got a product customers need, a service customers want. You've made some sales, you've hired your first employee (or 2nd or 3rd). You're...
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The Cost of Missing Vendor Discounts

How much does it really cost you when you don't take advantage of vendor discounts? Many suppliers will offer a 2% discount for prompt payment (payment within 10 days is...
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When Should You Start Paying Yourself?

So, you've started a business; maybe last week, last month, or even last year. You're wondering, "When should I start paying myself?". What to pay yourself and when to pay...
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