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Building an Effective Financial Plan for Your Small Business
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Building an Effective Financial Plan for Your Small Business

Every business needs a financial plan. Your financial plan gives you a way to monitor and review your cash flow, make adjustments to your spending, and anticipate any upcoming financial issues. It can also make you more prepared to request funding or find investors so you can bring more money into your business. Although many...

6 Money Management tips for First-time Entrepreneurs
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6 Money Management tips for First-time Entrepreneurs

Financial management is a vital part of running a successful business, but often entrepreneurs start their business with little understanding of how to make solid financial decisions. Managing your finances is about more than bookkeeping and paying taxes—although those are also important to a sustainable business. It’s about managing cash flow, preparing for income fluctuations,...

7 Practical Tips to Trim Your Overhead Costs
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7 Practical Tips to Trim Your Overhead Costs

Every small business owner knows how challenging it is to cut down expenses without somehow compromising internal or external quality. Regardless of the nature of your business, the first step to reducing your overhead costs is to take the time to go through every single expense you have. Next, assess which ones are necessary for...

Smart money tips for business owners
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Smart money tips for business owners

Small business owners know how important it is to save money.  It’s evitable that you’ll need to tap into your savings for an unexpected expense, emergency and it certainly comes in handy during slower times. Saving money is definitely important, but there are also things small business owners can – and should – spend their money on today....