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Budgeting Essentials

Helping you master the practical essentials of Budgeting, Cash Flow, Accounting and Debt Relief.

This blog addresses Budgeting, Cash Flow, Accounting and Debt Relief issues and tips for Small Business Owners.  The posts give you practical suggestions and how they can help you save money.
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Business owners aren't always good bookkeepers...

Failing to keep financial track of your business on a monthly basis is another financial reason that many businesses fail.   It is important to do your books every month when you are in business.  This is a function that many small business owners wait too long to seek help with or overestimate their ability to complete.  You can’t make good financial decisions without knowing the state of your finances.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Budgets are to Businesses what a Key is to your Home

Failing to plan properly is another financial reason small businesses fail.  This sounds like a non-financial reason, but it has a big financial component to it.  If you don’t take the time to develop a well prepared budget, you haven’t properly planned your finances for your business. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

National Small Business Week - Got enough cash?

One reason small businesses fail is that they don’t have enough money to get themselves through the start up period.  You need to properly anticipate how much money you are going to need to get your business off the ground. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Some “clouds” are Safe - Is Yours?

 Many software companies are moving their software to the “cloud”.  They use convenience as a big part of their sales pitch.  But is what you give up in security worth the “convenience” of having your financial information in the cloud?  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

How Business Receipts & Notes = Success

Most people think of budgeting as an end of the year activity.  But the best way to create a budget is to collect your budget information as you are going through the year.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Your Business: A "Hit" or a "Miss"?

Box office hits make money. You may think you are making money, too.  At least that is what your income statement says.  That is good if you have included everything you should have included in the income statement.  But... have you done that?  You can know for sure how your business is doing when you have a well prepared budget that you compare to your income statement.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2109 Kat Heil LLC

Why does my entrepreneurial business need an emergency fund?

Your business is no different than your personal life. Unexpected things come up that you need to pay for quickly. The Boy Scouts have a motto: Be Prepared. That applies to business and life, not just Boy Scouts. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Put more money in your pocket - by not paying interest

One cost savings area that small businesses miss is borrowing money and paying interest on their equipment purchases.  While it may seem convenient to borrow the money, there is a cost you have to consider.  This is where you can put more money into your pocket.   Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

How do I keep my Business cash flow positive?

Planning your Business cash flow so it stays positive may seem to be something that you can’t do. But with a well prepared budget, you can avoid many cash flow issues before they happen. 

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© 2019 Dan Heiland 2018 Kat Heil, LLC

ENTREPRENEUR: Do you have a plan for your business Cash Flow?

Failing to plan properly is another financial reason entrepreneurial businesses fail.  This sounds like a non-financial reason, but failing to plan properly has big financial consequences.  If you don’t take the time to develop a well prepared budget, you haven’t properly planned the finances of your business. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

How to fund your business start up or growth spurt - Cash Flow

One reason small business fail is that they don’t have enough money to get themselves through the start up period.  You need to properly anticipate how much money you are going to need to get your business off the ground. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

Cash Flow for Entrepreneurial Businesses

Lack of cash is a common reason that small businesses fail.  Being able to predict your cash balances helps you manage your businesses finances.   Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

5 reasons you need a detailed budget for your business

While having an OK budget is better than not having one at all, there are a number of benefits you get from taking the time to create a detailed budget for your business.   Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

5 ways budgets create pivot points in your business

There is a difference between a budget that you prepared out of obligation versus a budget that you use to produce business pivot points.  Learn 5 ways your budget creates pivot points in your business in today’s blog. 

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© 2019 Dan Heiland 2019 Kat Heil, LLC

5 reasons to spend more time on your budget

You may be tempted to create a quick budget or simply skip creating a budget at all.  You may think you are saving time, but you are giving up more than you are saving.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

5 tips for creating your cash flow system

A good Cash Flow system does more than just take money in and send money out. You need to have a purpose behind what you do. Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

5 Ways Overspending can affect your Cash Flow

If you don’t do your books regularly and don’t have a well prepared budget to remind you of your upcoming expenses, you don’t really know how much cash you have available to spend.  Not knowing can have a negative effect both on your profitability and your cash flow.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

5 ways your Cash Flow Budget can save you money

You may not think of a budget as a money saving tool. Many people even think of it as a chore or something that your accountant does. But there are a number of ways that a budget can help you save money.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

5 Ways a budget benefits an Entrepreneurial Business.

When you are running an entrepreneurial business, you want to take advantage of every tool that will help your business.  A budget is one of those tools that you want to make sure you use.    Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC

4 tips for budget planning in the New Year

Many people begin the New Year with resolutions for changes that they want to make for the coming year.  Unfortunately, many of those resolutions fail, in part because there is no implementation plan that goes along with the resolution.  Learn more in this week’s blog.

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© 2019 Dan Heiland 2019 Kat Heil, LLC