Erik Hibbard

Managing finances is important to the success of your business. An essential tool to keep track of and manage your finances is a performa. Which essentially is a statement that estimates your potential income and expenses for a specific period. This allows you to plan for the future and make important decisions. In this post,

Starting a business can be tough, and one of the best decisions you’ll make is choosing the right business structure. A business structure determines how your business is organized, taxed, and managed. Each type has its pros and cons, so before you make your decision, it’s important to know what each structure offers. In this

It goes without saying that a good credit score is crucial for small business owners. A good credit score will put you in a position to apply for a loan to fund the growth of your business, lease or buy equipment, or even rent space. For those who may have less than stellar credit don’t

No matter how big or small your business is, a balance sheet is one of the fundamental financial statements. It is a tool you can turn to as an overview of your company’s assets, liability, and equity at a specific point in time. It allows you to maintain the financial health of your business and

Starting a business can be tough. It takes hard work and determination to succeed. The right business plan, however, can help you get organized and achieve growth. It serves as a roadmap to guide you toward your goals and objectives. In this post, we will provide you with a guide on the steps to create

Operating a small business can be tough, especially when it comes to managing finances. Understanding your business’s financial performance is the key to making proper business decisions. One of the most important financial statements is the profit and loss statement (P&L), or the income statement. The P&L shows how much your business earns, spends, and