Resources to strengthen your small business.
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 …
The Ultimate Guide on How to Create a Performa as a Small Business Owner Read More »
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 …
Understanding Different Types of Business Structures Read More »
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 …
5 Effective Ways for Small Business Owners to Increase Their Credit Score Read More »
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 …
How to Put Together a Balance Sheet for Your Small Business Read More »
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 …
A Comprehensive Guide on How to Create a Business Plan for Your Small Business Read More »
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 …
How to Create a Profit and Loss Statement for Your Small Business Read More »
