Resources

As a small business owner, understanding the basics of accounting is crucial to the success of your business. Accounting involves tracking and analyzing financial transactions, and it helps to provide a clear picture of your business’s financial health. In this blog post, we’ll cover some essential accounting concepts that every small business owner should know. […]

With 2024 kicking off, it’s time to start planning your small business goals for the year. Starting your own small business can be daunting, but with the right tools and mindset, it can be a fulfilling journey. You may be a budding entrepreneur, or you may already be running a small business, but it’s essential

As a small business owner, you know that managing your finances is critical to the success of your business. One essential financial tool you need to have in your arsenal is a performa. A performa is a financial statement that estimates the potential income and expenses for a specific period. It’s a valuable tool that

Starting a business can be daunting, and one of the first decisions you’ll need to make is choosing the right business structure. The business structure determines how your business is organized, taxed, and managed. Each type of business structure has its pros and cons, so before you make your decision, it’s important to understand what

As a small business owner, your credit score can determine your ability to secure financing, lease equipment, receive favorable payment terms from suppliers, or even get approved for a business credit card. A poor credit score can also hurt your personal finances and creditworthiness, which can have a ripple effect on your business. Fortunately, there

A balance sheet is one of the fundamental financial statements that every business should have, no matter how small. It provides an overview of the company’s assets, liabilities, and equity at a specific point in time. A balance sheet helps you keep track of the financial health of your business and makes it easier to

Starting a business is never an easy task. It takes determination, dedication, and hard work to succeed. However, the right business plan can help you get organized, attract investors, and achieve growth. A business plan serves as a roadmap to guide you towards your goals and objectives. In this blog post, we will provide you

Running a small business can be challenging, especially when it comes to managing finances. Understanding your business’s financial performance is the key to making informed business decisions. One of the most crucial financial statements is the profit and loss statement (P&L), also known as the income statement. The P&L statement shows how much your business