Budgeting Essentials

We all know that it can be challenging to live on limited funds.  But did you know that living on limited funds has benefits also?  Learn more in this week’s blog.

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.

Being on a serious debt relief journey can present opportunities to become discouraged.  If you prepare ahead of time you can be ready when discouragement tries to creep up on you. Learn more in this week’s blog.

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.

When you are in debt, it is easy to get into condemnation because you are in such a financial mess. But that won’t help you get out of debt.  Learn more in this week’s blog.

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. 

We are taught that interest is just an additional cost of doing business or a fee that we pay when we want to finance something we are buying.  But what is it really?  Learn more in this week’s blog.

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.

It is not an accident that most people end up in debt.  They are trained to use it.  Learn more in this week’s blog.

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.

Many people use debt because they think that they are the ones that benefit from it. But, that is not really the case. Learn more in this week’s blog.

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.

When you are on a Debt Relief Journey, you may be tempted to focus on the debt aspect of the journey. But in order to be successful, you are going to have to focus on changing your spending habits.  Learn more in today’s blog. 

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.

When you are feeling the pressure of debt, it can be tempting to grasp for solutions that sound like they will eliminate your debt.  While there are instances where refinancing could be appropriate, for most people a refinance loan is not a good idea.  Learn  more in today’s blog. 

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. 

When things get tight in a recession, most people have to cut back on what they are doing.  Debt payments are not adjustable.  Those payments have to be made regardless of the state of the economy.  But when you are debt free, you don’t have those obligations.  You have more options than people who are in debt.  Learn more in today’s blog. 

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.

When it comes to the economy, you don’t have a choice about when a recession will hit.  But just because a recession comes, doesn’t mean you have to participate.  Use these tips to recession proof your finances.  Learn more in today’s blog. 

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.